Mining City has disabled affiliate withdrawals, only allow who’ve completed KYC

According to Behind MLM, starting from October 16, Mining City only allows branches that have completed KYC to withdraw. This means that the project has disabled affiliate withdrawals.

Mining City disables withdrawals, initiates KYC exit-scam

Last week, Mining City released a notice claiming they were implementing KYC because of regulation. Probably due to increasing pressure from regulators.


“At Mining City, we always strive to protect the best interests of the community. The reality is that sweeping changes are happening across the crypto industry, and the pressure from external regulators on crypto companies and communities is mounting”, they stated. “We strive to grow on a global scale and simultaneously offer the Mining City community an increasing number of interesting opportunities, products, and services.”

Accordingly, with the statement to protect the community and the business on which it was built, the project said it needed to be adjusted according to the regulatory agency’s requirements. So, Mining City decided to require KYC for all users.

“To protect our community and the business it is built around, and we need to adjust it to the requirements of regulators. As an important step forward, we’re introducing KYC requirements for all users”, the project concluded.

Since mid-2019, Mining City has been known as a project specializing in securities fraud globally. This clearly shows that they don’t care about regulations. So now a temporary project called a scam has started to require KYC?

But maybe they don’t have such good intentions. They probably use KYC to limit affiliate withdrawals. This works because people tend to sign up for Ponzi schemes with bogus credentials. So the duplication of accounts is a lot.

“To complete the KYC procedure, your basic personal data and documents will need to be provided (such as your first and last name, date of birth, email address, phone number, and relevant ID document confirming the above, such as, e.g., an ID card, passport or driving license),” Mining City stated. “In some individual cases, you may also be asked to provide additional personal data.”

It is known that Mining City claims KYC verification will be provided through Sumsub, a third-party merchant that represents it’s based out of London, UK. But the question of whether Sumsub knows its services are being used to provide KYC by a Ponzi scheme remains unclear.

Reportedly, it can take up to 15 business days for you to send a verification email. Some commenters said processing delays could be up to 30 business days or… even longer.

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