« Back to Glossary Index

This is the acronym for Know Your Customer and are the checks that the cryptocurrency exchanges and the trading platforms must complete in the bid to verify the identity of their customers. KYC plays a crucial part in preventing money laundering and terrorism financing. It is a standard practice in the investment industry for ensuring that the advisors know the specific information about their clients. Thus, KYC extends beyond the crypto exchanges.

Read More.

« Back to Glossary Index

Check Also


7 Best VPN For Streaming: Enjoy Your Shows From Anywhere

Isn’t it frustrating when you just want to kick back and watch your favorite shows …