As a new company, we spend a lot of time thinking about how to best lay the foundations for ourselves to thrive now, and long into the future. One of the major considerations for us is the regulatory environment for institutions in crypto. The regulatory climate has been heating up over the last few months, particularly from the U.S. law enforcement and regulatory bodies. There was the U.S. SEC guidance regarding token classification as securities, as well as the recent New York State Attorney General filing regarding Bitfinex's alleged fraud. The message is clear, if an institution services U.S. citizens it must strictly comply with all the relevant regulations. We believe that compliance is the path for longevity, so we've made the decision that all users will be required to submit documents to verify their identity.