A quick explanation of a concept—for those who already know it, consider this a refresher.
Why do exchanges need to do KYC?
Put simply, in June 2019, the Financial Action Task Force (FATF) extended the “Travel Rule” to virtual asset service providers.
Many countries and regions have brought trading services for crypto assets like $BTC under their anti-money laundering regulatory frameworks.
If you see things differently, feel free to share your thoughts below.
#BTC
Just sharing my views; this is not investment advice.
Why do exchanges need to do KYC?
Put simply, in June 2019, the Financial Action Task Force (FATF) extended the “Travel Rule” to virtual asset service providers.
Many countries and regions have brought trading services for crypto assets like $BTC under their anti-money laundering regulatory frameworks.
If you see things differently, feel free to share your thoughts below.
#BTC
Just sharing my views; this is not investment advice.