KYC – Know Your Customer: for the security of the business and the customer – but how safe is it really?
KYC verifications are becoming more common in the crypto world. Already common practice in the financial world, KYCs check the customer’s identity and verify that the customer isn’t involved in any illegal activity. The crypto market has been fraught with scandal in the past, so performing a few basic checks on who’s using what and where the money is coming from couldn’t hurt, right?
Wrong. At least, that’s what those who feel KYC ...
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
from Crypto Currency News http://ift.tt/2ndtJHp
No comments:
Post a Comment