Someone asked: Why do exchanges need to do KYC?
I usually answer: The “Travel Rule” requires service providers to collect and exchange basic identity information about the sender and recipient when making transfers. Regulatory requirements are often updated as the industry develops, and implementation timelines vary by region. For specific requirements, please refer to the official regulations in your jurisdiction.
$BTC 82105.61 (+0.58%)
If you understand, type 1. If not, leave a comment and ask away.
I usually answer: The “Travel Rule” requires service providers to collect and exchange basic identity information about the sender and recipient when making transfers. Regulatory requirements are often updated as the industry develops, and implementation timelines vary by region. For specific requirements, please refer to the official regulations in your jurisdiction.
$BTC 82105.61 (+0.58%)
If you understand, type 1. If not, leave a comment and ask away.