In short Know Your Customer — identity checks that exchanges and financial firms must run on users.
It usually means submitting an ID document and a selfie. KYC is what links an exchange account to a real person for anti-money-laundering purposes.
In short Know Your Customer — identity checks that exchanges and financial firms must run on users.
It usually means submitting an ID document and a selfie. KYC is what links an exchange account to a real person for anti-money-laundering purposes.
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