Cryptocurrency Q&A
What is kys in crypto?
What is kys in crypto?
TopazRider
Thu Nov 14 2024
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6
answers
1364
I've been hearing the term 'kys' in the crypto community a lot recently, but I'm not sure what it means. Could someone explain what 'kys' stands for in the context of cryptocurrency?
6 answers
Stardust
Sat Nov 16 2024
Additionally, KYC helps exchanges assess the potential money laundering risks associated with their customers.
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Marco
Sat Nov 16 2024
It serves to authenticate the personal details of their end users and customers.
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CryptoKing
Sat Nov 16 2024
This process ensures that the exchange possesses accurate and verifiable information about its clientele.
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GinsengBoost
Sat Nov 16 2024
Through KYC, exchanges gain deeper insights into the activities conducted by their potential customers.
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Luca
Sat Nov 16 2024
KYC represents a crucial procedure adopted by cryptocurrency exchanges.
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