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Why do I need to verify my identity?

Modified on Fri, 09 Feb 2024 at 03:14 PM

Unlike most platforms, Floin does not run away from regulation, we embrace it. That is why we established Floin in Liechtenstein, one of the most rigorous regulatory environments in the world. We understood all the costs this decision implied but embraced it for the benefits – transparency, security, and safety for our users and the world we are a part of. 

A part of that journey is making sure we properly identify every user on the platform. That way, we can comply with the Liechtenstein laws and regulations meant to prevent money laundering and terrorist financing. In the same way, we work diligently to protect your assets and the communities we are a part of. A small step in that direction is verifying your identity. 

The entire process is seamless and takes only a few minutes. You are guided through a simple onboarding process that ends with uploading a few documents and a short selfie recording.   

In the rare case that our system does not approve you automatically, one of our Compliance Specialists will personally review your application, approve it, or reach out to help you successfully create your Floin account, and enter into the exciting world of digital assets.

If you have any questions, feel free to reach out to us at [email protected].

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