Cryptocurrency Q&A Does PancakeSwap require KYC?

Does PancakeSwap require KYC?

ShintoMystical ShintoMystical Tue Jun 25 2024 | 5 answers 795
Could you elaborate on whether PancakeSwap, a decentralized exchange operating on the Binance Smart Chain, mandates Know Your Customer (KYC) verification? KYC is a standard regulatory practice that financial institutions employ to ensure users' identities and prevent illicit activities. Given the decentralized nature of PancakeSwap and the anonymity often associated with cryptocurrencies, I'm curious to know if such rigorous identity verification is a necessity or if users can trade freely without undergoing KYC. Understanding this could help potential users make informed decisions about using the platform. Does PancakeSwap require KYC?

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