Why do exchanges need to do KYC? Many people can’t answer!
On July 18, 2025, the United States signed the GENIUS Act, requiring payment stablecoins to be backed 1:1 by assets such as cash and short-term Treasury bills. Its main provisions must take effect by January 2027 at the latest.
KYC and the Travel Rule are mainly intended to make fund flows traceable and prevent platforms from being used for illegal activities.
Don’t rush into action just because everyone around you is doing it.
$BTC 81602.86（+0.013%）
Personal observations, not investment advice.
On July 18, 2025, the United States signed the GENIUS Act, requiring payment stablecoins to be backed 1:1 by assets such as cash and short-term Treasury bills. Its main provisions must take effect by January 2027 at the latest.
KYC and the Travel Rule are mainly intended to make fund flows traceable and prevent platforms from being used for illegal activities.
Don’t rush into action just because everyone around you is doing it.
$BTC 81602.86（+0.013%）
Personal observations, not investment advice.