Cryptocurrency Q&A
What is KYC in COIN?
What is KYC in COIN?
HanjiHandiwork
Mon Dec 02 2024
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6 answers
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I'm trying to understand the concept of KYC in the context of COIN. I want to know what it stands for, its purpose, and how it's applied within the COIN ecosystem. Could someone please explain this to me?
6 answers
WhisperVoyager
Wed Dec 04 2024
Terrorist financing is another illegal practice targeted by KYC measures.
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Giulia
Wed Dec 04 2024
The primary objective of KYC in the cryptocurrency sector is to verify the identity of customers.
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GeishaGrace
Wed Dec 04 2024
This verification process is crucial for preventing various illegal activities.
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TaegeukChampion
Wed Dec 04 2024
Money laundering is one such activity that KYC aims to thwart.
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IncheonBeautyBloom
Tue Dec 03 2024
Tax evasion is also mitigated through the implementation of KYC in crypto.
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