Crypto Exchange

Streamline Kyc Process & Aml Compliance

Posted on Мар 19, 2021 in Crypto Exchange

The term “KYC” also references the regulated bank customer identity verification practices to assess and monitor customer risk. The KYC process is also a legal requirement intended as an anti-money laundering measure. Cryptocurrency is wildly praised for being decentralized and a medium of exchange that promotes confidentiality; however, these benefits also present challenges in preventing …

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Three Ways Kyc Defends Crypto Marketplaces From Financial Crime

Posted on Дек 10, 2020 in Crypto Exchange

Why is KYC verification necessary, how does it benefit cryptocurrency traders, and how is it different from anti-money laundering regulations? Does KYC verification defeat the purpose of decentralization in public cryptocurrencies? While it has been applied to some cryptocurrency exchanges, KYC began crypto kyc in 1989 as an effort to prevent fraud, tax evasion, terrorism …

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