Crypto exchanges implement Know Your Customer (KYC) to comply with Anti-Money Laundering (AML) and counter-terrorism financing (CTF) regulations, ensuring legal operation and user safety.
KYC means to ‘know your customer’ which is an effective way for an institution to confirm and thereby verify the authenticity of a customer. For this, the customer is required to submit all ...
KYC or ‘know your customer’ is a mandatory verification procedure carried out by financial institutions with the goal of minimising illegal activities. Since 2004, the Reserve Bank of India ...