My name is Lachlan and I am the Chief Compliance Officer for PIPezi, PIPx, Piptle Wealth Management, Piptle Agency and Darqtec.
Firstly, I’d like to say thank you to those who have completed the PIPx registration and KYC on SumSub. You will be getting your allocation of Piptle (PPTL) tokens soon, if they have not been allocated already!
If you have completed your KYC and been approved already, please ignore the rest of this email, thank you!
KYC (Know your Customer) is part of our legislative requirements, and it is something that must be completed, in order to issue tokens to those who have purchased a GPAL licence.
Running our KYC programme with SumSub comes with a huge administrative burden and cost. These costs so far have been borne by the company, in an effort to have all of our GPAL members registered on our platform.
Additionally, I have relaxed some of the requirements of KYC, to make this process easier and more streamlined for everyone.
Anyone who has not completed registration on the PIPx exchange and their KYC process by March 20th will have to pay a re-registration fee of $88.00AUD in order to receive their PPTLs.
This fee is to cover the administrative costs, in order to extend the KYC process after the cut-off date.
If you have any questions, I am reachable at [email protected]
Thank you for your co-operation.
The team at Piptle have been working on new products and opportunities and we are excited to see what’s in store for us in 2023!