1. zondacrypto
  2. zondacrypto exchange
  3. Verification of the source of funds
  4. Why do other exchanges that handle FIAT currencies not ask these kinds of questions?

How can we help you?

Why do other exchanges that handle FIAT currencies not ask these kinds of questions?

The zondacrypto exchange is a regulated exchange with an Estonian licence for "Providing a virtual currency service". Therefore, the exchange is subject to the regulations of the Estonian jurisdiction.

The actions of the zondacrypto exchange are taken due to the requirements under AML regulations, specifically the Estonian Anti-Money Laundering and Terrorist Financing Act of 26.10.2017. Nevertheless, national regulations in the European Union are rooted in EU regulations (AML Directives IV to VI).

We cannot be responsible for other entities. We are not, of course, suggesting that they do not comply with the regulations.

However, we believe that the approach we represent has allowed us to stay in business throughout the period from the time we became regulated until now.