Why do I have to provide identification information?

i-Coin is bound by various international laws involving KYC (know your customer) guidelines and anti-money laundering regulations that dictate we must verify your identity as well as prove your address. We are also required to run suitability tests for all clients in order to verify that they understand the risks involved in using our services. The suitability tests also help us to evaluate which of our products or account types will be appropriate for your investing objectives, or lack thereof.