November 17, 2021

What is KYC and why is it important for digital asset management?

What is KYC and why is it important for digital asset management?

2 minutes KYC stands for “Know Your Customer”, the term was created to name a common regulatory requirement, which all financial services providers are required to comply with.KYC is about checks that primarily combat money laundering and financing of illegal activities. This regulatory measure is proving critical as a security tool, especially in the cryptocurrency industry. What is KYC? KYC requires all financial services providers to collect information to verify the identity of their customers, that is, if you have already opened an account Continue