Help Center • Regulatory & Compliance

Proof of Current Assets (Periodic Review)

Regulatory and compliance obligations applicable to digital asset service providers may require periodic customer due diligence and risk-based monitoring. As part of these processes, certain accounts are required to submit updated Proof of Current Assets documentation.

Last updated: 2026-01-21 • Document: Help Center article • Applies to: Retail users
Why you may be asked for documents

Based on a recent review of account balances and transactional activity, your account may fall within scope of our periodic due diligence requirement. Documents help us confirm current asset holdings and beneficial ownership.

Risk-based monitoring Documents must be verifiable Sanctions/AML screening

Overview

As part of periodic customer due diligence and risk-based monitoring, certain accounts are required to submit updated Proof of Current Assets documentation. This helps LightBit meet regulatory and compliance obligations applicable to digital asset service providers, and supports ongoing account integrity and financial crime prevention measures.

What this is

Proof of Current Assets is documentation that demonstrates your current asset holdings and your beneficial ownership of those assets.

  • Documents must be clear, current, and verifiable.
  • We may request additional information if details are missing or unclear.
Why it’s requested

Accounts may be selected for periodic review based on balances and activity patterns, consistent with risk-based monitoring practices.

  • Helps confirm asset ownership.
  • Supports AML/sanctions screening and related compliance controls.
What happens if I don’t provide it?

If required documentation is not provided (or cannot be verified), certain services may be restricted until the review is completed.

  • Restrictions can include limits on transfers or card usage.
  • LightBit cannot override compliance outcomes once triggered.

When Proof of Current Assets is required

Proof of Current Assets documentation is required where one or more of the following conditions apply. Thresholds are assessed using aggregate balances and/or relevant transaction totals in scope of the review.

Conditions that may trigger a request

Your account may be required to submit Proof of Current Assets if:

  • Aggregate account balances and/or overall transactional activity exceed €65,000; and/or
  • Cumulative card-related transactions reach or exceed €100,000.

What you need to provide

Please submit documentation that demonstrates your current asset holdings and beneficial ownership. Documents must be clear, current, and verifiable.

Custody or brokerage account statements
  • Statements showing your name (or entity name), account identifier, and current holdings.
  • Prefer documents dated within the last 90 days (unless otherwise requested).
Exchange/platform statements or portfolio summaries
  • Portfolio summary showing current balances/holdings.
  • Must include identifying details linking the account to you.
Other verifiable documentation
  • Any reliable document evidencing current assets and ownership.
  • May be accepted if it can be independently verified.
Document quality requirements

Ensure files are readable and complete. Avoid cropped screenshots, edited images, or documents that do not show the required identifying information. If you redact information, do not remove your name/account identifier or the holdings summary.

How to submit documents

Submit the requested documents through the LightBit in-app verification flow or via the secure upload request provided by Support. For your security, do not share sensitive documents over unencrypted channels.

In-app submission
  • Open the LightBit app and navigate to the verification/request banner.
  • Upload the requested files and confirm your submission.
Secure link from Support
  • If provided, use the secure upload link sent by Support.
  • Only upload documents requested for your case.
What happens next
  • We review submissions for completeness and verification.
  • Additional questions may be asked if documents are unclear or inconsistent.

FAQ

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As part of periodic customer due diligence and risk-based monitoring, certain accounts are required to submit updated documentation. If your account falls within scope (based on balances and/or transactional activity), we may request Proof of Current Assets to confirm holdings and ownership.
Proof of Current Assets may be required if aggregate account balances and/or overall transactional activity exceed €65,000, and/or if cumulative card-related transactions reach or exceed €100,000.
Accepted examples include custody or brokerage statements, exchange/platform statements or portfolio summaries, and other verifiable documentation evidencing current assets and beneficial ownership. Documents must be clear, current, and verifiable.
Submit documents through the in-app verification/request flow, or via a secure upload link provided by Support. For security, avoid sending sensitive documents through unencrypted channels.
Reviews start after we receive complete documentation. If documents are unclear or missing details, we may request additional information. If required documents are not provided or cannot be verified, certain features may be restricted until the review is completed.
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Disclaimer

This Help Center content is for informational purposes and does not constitute financial, legal, or tax advice. Use of LightBit services is governed by applicable Terms, product disclosures, and relevant compliance requirements.