> For the complete documentation index, see [llms.txt](https://docs.propw.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.propw.com/announcement/propw-highlights/publish-your-docs-82.md).

# Announcement on PropW Product Upgrade

To provide users with a better product experience and to embrace global regulatory requirements for transactions in the cryptocurrency field, PropW will undergo a functionality upgrade starting from July 10, 2024. The upgrade details are as follows:

**1. New users registering for the challenge stage are not required to complete KYC verification.**

**2. Users must complete KYC2 verification before starting live trading in the third stage.**

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\*Please ensure that your country or region complies with the PropW participation eligibility as stated in the user agreement before registering.

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[User Agreement](https://coinw.zendesk.com/hc/en-us/articles/360046853913--User-Agreement)

The PropW proprietary trading platform has been licensed by the Dubai Multi Commodities Centre (DMCC). This license marks an important step for PropW in the global trade and services sector. The PropW team is also committed to obtaining more licenses.

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[For more information on licenses, please visit](https://coinw.zendesk.com/hc/en-us/articles/34040001215897-PropW-obtains-DMCC-license-a-new-business-milestone)

PropW's global leadership team is well-prepared for the long-term development of the business, actively responding to compliance and regulatory requirements of various countries. Our platform will always prioritize user protection, creating a platform for sustainable growth, and providing traders with better services and trading experiences.

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Happy trading!

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PropW Team


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