Cryptocurrency Q&A What does KYC mean in trading?

What does KYC mean in trading?

Valentino Valentino Sat Nov 30 2024 | 5 answers 1377
KYC, short for Know Your Customer, is a process used by trading platforms and financial institutions to verify and identify their clients. It typically involves collecting and validating personal information such as name, address, and government-issued identification to ensure that individuals or organizations are who they claim to be and to prevent illegal activities like money laundering and tax evasion. What does KYC mean in trading?

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