The innovations apply to users of the first level of KYC. Now instead of 200 BTC per day they can withdraw only $5,000.
And to withdraw an amount of $5,000 to $10 million, you must pass the second level of verification, which includes a procedure for face recognition.
Twitter users noted that the exchange has not released any statements about the innovations in advance.
Cryptocurrency exchange Bybit recently announced that by May 8 all of its customers will have to pass at least basic verification in order to have access to all of the platform’s products and services.
New York’s attorney general has previously proposed a new law giving the agency expanded powers to regulate the state’s cryptocurrency industry.
In particular, cryptocurrency platforms will be required to implement KYC procedures, and the use of the word “stabelcoin” when selling digital assets will be banned unless stable coins are pegged to the U.S. dollar or other fiat currency at a 1:1 ratio.