Cryptocurrency Q&A Is KYC legally required?

Is KYC legally required?

Thunderbolt Thunderbolt Sun Sep 01 2024 | 0 answers 0
Could you elaborate on the legal requirement for KYC in the cryptocurrency and finance industry? Are there specific regulations or laws that mandate the implementation of KYC measures? What are the potential consequences for failing to comply with KYC requirements? Additionally, how does KYC contribute to the safety and security of the cryptocurrency ecosystem? Is KYC legally required?

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