Birake Exchange has joined forces with IDVerse, a leading digital ID verification company once known as OCR Labs Global. This partnership comes amid growing global efforts to regulate the cryptocurrency space, following significant turbulence in the crypto market since the beginning of 2022. The Financial Stability Board (FSB) has proposed a framework for global crypto asset and stablecoin regulation by 2025.
Birake Exchange specializes in providing a secure platform for Masternode coin trading and places a strong emphasis on decentralization in the future of cryptocurrencies. Meanwhile, IDVerse offers advanced digital ID verification, capable of verifying users across 16,000 documents and 142 language/typesets. Their technology is fully automated, ensuring fast and accurate identity verification without human intervention.
As a result of this collaboration, Birake Exchange users will undergo thorough identity checks through IDVerse before gaining access to their funds. The ID verification process is swift: registered users promptly receive an invitation to confirm their identity. They provide their mobile number, receive an SMS with a link, and complete the verification using documents like passports or driver’s licenses based on their country.
IDVerse employs a fully automated AI solution to streamline the identity verification process, eliminating the need for human involvement and ensuring swift and error-free verification.
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