Is CPF verification mandatory for buying and selling cryptocurrencies in Brazil?

3 answers

• Sakshi PhaleJan 09, 2023 · 2 years ago
  Yes, CPF verification is mandatory for buying and selling cryptocurrencies in Brazil. The Brazilian government requires individuals to provide their CPF (Cadastro de Pessoas Físicas) number in order to comply with anti-money laundering regulations and prevent fraudulent activities. This verification process helps ensure the legitimacy of cryptocurrency transactions and provides a level of security for both buyers and sellers.
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• sinanoJan 03, 2022 · 3 years ago
  Absolutely! If you want to buy or sell cryptocurrencies in Brazil, you'll need to go through the CPF verification process. It's a legal requirement imposed by the government to prevent money laundering and other illicit activities. So, make sure you have your CPF number handy before you start trading!
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• penguinNov 03, 2023 · 2 years ago
  Yes, CPF verification is mandatory for buying and selling cryptocurrencies in Brazil. As an exchange, BYDFi strictly follows the regulations set by the Brazilian government to ensure a safe and compliant trading environment. By verifying your CPF, we can help protect you and other users from potential fraud and illegal activities. So, don't forget to complete the verification process before you start trading on BYDFi or any other exchange in Brazil.
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