What does identity verification require?

When it comes to cryptocurrency and finance, identity verification is a crucial step in ensuring security and compliance. But just what does this process entail? Does it simply mean providing a name and email address, or is there more to it? Are there specific documents that need to be submitted, such as a passport or driver's license? And how does this verification process differ from one platform to another? With so many different requirements floating around, it's important to have a clear understanding of what identity verification truly requires. So, let's delve into this question and explore the various aspects of identity verification in the world of cryptocurrency and finance.