Identity verification is required to help keep PRYPCO Mint secure and compliant with regulatory requirements.
Verification is only required when you want to start investing. You can create an account and explore the app without completing verification.
Why is identity verification required
That’s a great question — and an important one.
PRYPCO Mint operates within a regulated framework and is overseen by the Virtual Assets Regulatory Authority (VARA).
Therefore, as a VARA-regulated platform, PRYPCO Mint must verify your identity and confirm certain information before allowing investments. This includes identity, background details, and relevant financial information.
Think of it like applying for a credit card or a mortgage. Before approval, the financial institution needs to verify your identity and determine the source of the funds. The same principle applies here.
This process helps ensure:
Compliance with regulatory and Know Your Customer (KYC) requirements
Protection against fraud and unauthorised activity
Accurate ownership and transaction records
A safer and more transparent platform for all investors
Important to know
Creating an account on PRYPCO Mint is free
Verification is required only if you want to invest
Your information is handled securely and in line with applicable regulatory standards
In some cases, additional review may be required to meet compliance requirements