World Liberty Financial, the crypto project backed by the Trump family, has officially opened KYC verification on its website. This significant move allows pre-qualified individuals to gain access to more detailed information about the project.
On Monday morning, the website experienced intermittent downtime for maintenance. The WLF homepage states, "Additional information about World Liberty Financial is only intended to be available to persons who have been pre-qualified by completing a KYC process." It adds, "In the US, this information is only intended to be available to persons who have also been verified as accredited investors." Importantly, the site clarifies that this page is not an offer to sell or solicit token purchases in any jurisdiction.
In a statement released on Telegram, the project announced, "Due to outdated policies and regulations in the US, one whitelist is limited to accredited US investors and another for all non-US persons. We’re fighting for changes so all Americans can access World Liberty Financial and join the financial revolution."
Know Your Customer or KYC verification is a process aimed at verifying a customer's identity to prevent illegal activities, such as money laundering and fraud. This process is a legal requirement under anti-money laundering measures and typically involves submitting personal identification documents like a passport or driver's license, along with proof of address.
Details about World Liberty Financial remain limited. Eric Trump and Donald Trump Jr. first hinted at the DeFi project in early August, coinciding with their father's growing interest in cryptocurrency. The Republican presidential nominee launched the project in a live event on X Spaces on September 16, where it was confirmed that World Liberty Financial would offer a non-transferable governance token known as WLFI, available exclusively to accredited investors. The token distribution is planned as follows: 63% for public sale, 17% for user rewards, and 20% for team compensation.
Trump expressed enthusiasm on social media, stating, "I promised to Make America Great Again, this time with crypto. @WorldLibertyFi is planning to help make America the crypto capital of the world! The whitelist for eligible persons is officially open – this is your chance to be part of this historic moment."
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