At BLOX, providing a valid Proof of Address is mandatory when you want to deposit crypto into your account.
This requirement is in place to comply with the Travel Rule, an international regulation that obliges financial institutions to collect information about the origin and destination of crypto assets.
If you choose not to provide a Proof of Address, the following consequences may apply:
- You will no longer be able to deposit crypto into your BLOX account.
- Any crypto deposits that are currently pending may not be processed.
- Your account may be temporarily restricted until the requested documents are received and approved.
These measures are in place to help prevent financial crimes such as money laundering and terrorist financing, and to keep your account and the broader crypto market as safe as possible.