Cryptocurrency Q&A When did KYC become mandatory?

When did KYC become mandatory?

Michele Thu Sep 05 2024 | 5 answers 1165

Excuse me, could you please clarify when exactly the Know Your Customer (KYC) process became mandatory in the cryptocurrency and finance industry? I understand that it's an important aspect of ensuring the legitimacy and security of transactions, but I'm curious about the specific timeline and the reasoning behind its implementation as a compulsory requirement. When did KYC become mandatory?

When did KYC become mandatory?

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