<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-05/76c4fb51-3ca8-4e65-89c0-bc2a129cb427.jpg"></p><p>The licensed financial institutions would be required to verify the identities of all customers.</p>