Crypto Identity Verification

Crypto Identity Verification and KYC: Seamless Compliance for a New Era

Stay compliant with MiCA and SEPBLAC through industry-leading crypto identity verification and KYC solutions. Trusted by leading banks and crypto exchanges, Veridas offers NIST and iBeta-certified technology, strict adherence to global and regional regulations (including Sepblac and ETSI), and the ability to scale seamlessly across multiple regions.

Key Challenges of Identity Verification for Crypto Exchanges

Customer Experience

In the crypto space, speed and simplicity define user loyalty. However, meeting regulatory demands can introduce friction that frustrates users. Traditional KYC processes are slow, manual, and cumbersome, leading to high drop-off rates during onboarding.

Modern crypto exchanges must strike a balance between rigorous identity verification and delivering an intuitive, frictionless experience that supports growth.

Fraud and Market Integrity

As adoption of cryptocurrencies grows, so do security threats. Fraudsters increasingly use synthetic identities, deepfakes, and document forgeries to penetrate crypto exchanges. Ensuring the integrity of crypto markets and protecting users require advanced crypto identity verification and KYC technologies that go beyond basic checks.

Regulatory Pressure

The European Markets in Crypto-Assets Regulation (MiCA) and Spain’s SEPBLAC regulations impose strict identity verification standards, including mandatory video identification, enhanced data security, and audit trails. Non-compliance carries heavy fines and reputational risks. Navigating this complex landscape while maintaining operational efficiency is a critical challenge.

Comply with Regulation

Crypto exchanges and financial institutions alike must comply with increasingly stringent regulatory frameworks such as KYC and AML, often leading to complex, costly, and time-consuming identity verification processes — all while facing the risk of severe fines for non-compliance.

MiCA Regulation: what it is and how to comply with it in Europe

MiCA (Markets in Crypto-Assets Regulation) is a new European Union regulation aiming to harmonize crypto-asset rules across all member states. It defines crypto-asset types, protects investors through transparency requirements like whitepapers, and establishes clear conduct obligations for service providers. Crypto exchanges (CASPs) must comply with strict KYC processes and operational standards to prevent fraud and ensure market stability.

Who must comply with MiCA?

Under MiCA, compliance is mandatory for:

• Crypto-asset issuers (including stablecoins like ARTs and EMTs)
• Crypto-Asset Service Providers (CASPs), such as exchanges, brokers, custodians, and portfolio managers. Any entity safeguarding or facilitating the trade of crypto-assets within the EU falls under MiCA regulation.

What are the key KYC requirements under MiCA?

Exchanges and other CASPs must implement robust KYC procedures that include:

• Full user identity verification (including document checks and video identification)
• Ongoing monitoring for suspicious activity
• Clear record-keeping and audit trails for regulatory inspections
• Protecting customers’ funds and personal data securely

What is SEPBLAC, and why is it important for crypto platforms?

SEPBLAC (Servicio Ejecutivo de la Comisión de Prevención del Blanqueo de Capitales e Infracciones Monetarias) is Spain’s Financial Intelligence Unit. It ensures that entities operating in the financial and crypto sectors comply with Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) regulations. Crypto exchanges operating in Spain must meet SEPBLAC requirements for identity verification, including mandatory video identification.

How does Veridas help crypto exchanges comply with MiCA and SEPBLAC?

Veridas provides advanced crypto identity verification and KYC solutions that:

• Complete user onboarding with document and biometric verification in under 60 seconds
• Support SEPBLAC-compliant video identification flows
• Deliver certified liveness detection to prevent deepfakes and spoofing
• Ensure full traceability and security of identity records
• Minimize friction for users while meeting all regulatory requirements.

Multi-Channel Crypto Identity Verification Strategy

We secure every stage of the security journey with a multi-channel strategy. Our identity solutions ensure maximum security and seamless UX across physical branches, web and mobile apps, phone channels, and messaging platforms.

User Onboarding

• Fast ID document verification (global coverage)
• Instant selfie matching with advanced liveness detection
• SEPBLAC-compliant video identification
• Complete KYC in under 1 minute

User Retention

• Passwordless access through face or voice biometrics
• Secure transaction approvals and withdrawals
• Remote proof of life for account recovery and re-verification

Fraud Prevention

• Active and passive liveness detection against deepfakes
• Injection attack detection and synthetic identity blocking
• Document authenticity checks using AI-driven algorithms

Crypto Identity Verification and KYC Solutions

Identity Verification

Onboard new customers in less than 30 seconds from everywhere, on any device, complying with KYC regulations and combating fraud such as injection attacks.

Identity Document Verification

Instantly detect fake or tampered documents while extracting and validating key details.

Facial Biometric Check

Compare a selfie with the ID document image to verify the user’s identity.

Liveness Detection

Ensure user presence and prevent fraud from deepfakes, presentation, or injection attacks.

Voice Authentication

Secure your conversations with voice biometrics, preventing fraud, enhancing UX, and reducing costs.