"Know Your Customer" (KYC) is a mandatory process through which cryptocurrency platforms verify users' identities using official documents (passport, ID card, proof of residence) and selfies. It aims to comply with international laws, prevent money laundering, fraud, and terrorism financing, ensuring a safer and more transparent trading environment.
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"Know Your Customer" (KYC) is a mandatory process through which cryptocurrency platforms verify users' identities using official documents (passport, ID card, proof of residence) and selfies. It aims to comply with international laws, prevent money laundering, fraud, and terrorism financing, ensuring a safer and more transparent trading environment.