Questions tagged

Nicola Tue Oct 01 2024 | 5 answers 1287

Do Bitcoin ATMs need KYC?

Could you elaborate on the necessity of Know Your Customer (KYC) procedures for Bitcoin ATMs? Are these measures required by law or are they merely a recommendation from industry experts? If they are mandatory, what specific regulations or authorities enforce these requirements? And how does the KYC process work when using a Bitcoin ATM, particularly in terms of verifying the identity of users and ensuring the legitimacy of transactions?

emma_anderson_scientist Tue Oct 01 2024 | 7 answers 1626

Does Indodax require KYC?

Excuse me, I'm curious about the regulations and security measures implemented by Indodax, a prominent cryptocurrency exchange in Indonesia. Specifically, I'm wondering if they have a KYC (Know Your Customer) policy in place. Could you please elaborate on whether Indodax mandates users to complete KYC verification, and if so, what kind of information or documentation is typically required for this process? It would be greatly appreciated if you could also share any insights into the purpose and benefits of KYC for both the exchange and its users. Thank you.

SilenceStorm Tue Oct 01 2024 | 6 answers 1071

Does CoinList Pro require KYC?

Hello there, I'm curious about the regulations surrounding CoinList Pro. Specifically, I was wondering if the platform mandates Know Your Customer (KYC) verification for its users? Could you please clarify the requirements and any potential implications for users who may choose not to comply with the KYC process? Thank you for your time and consideration.

EthereumLegendGuard Tue Oct 01 2024 | 7 answers 1690

Why do people hate KYC?

I've noticed that many individuals express discontent with the Know Your Customer (KYC) process in the cryptocurrency world. Could you elaborate on why that might be the case? What are some of the common grievances that individuals have against KYC, and how do these concerns impact their overall perception of the industry? Additionally, are there any potential benefits to KYC that might not be as widely known or appreciated?