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KYC Verification at Heart of Chess.com Bitcoin Flip-flop

Gaming platform Chess.com initially said it will, again, be accepting Bitcoin and Bitcoin Cash for premium subscriptions. However, it has since retracted that statement after encountering a “know-your-customer” compliance issue. So reports BeInCrypto.

AS a result of the issues, the site’s Bitcoin process is refusing anything more than $10. CEO Erik Allebest said despite the complication, he remains committed to reinstating cryptocurrency payments for Chess.com.


Read the full story from BeInCrypto.

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