Why do exchanges require 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 take effect no later than January 2027.
The main purpose of KYC and the Travel Rule is to make fund flows traceable and reduce the risk of platforms being used for illegal activities.
There's no shame in taking it slow. Staying in the game matters more than how much you make on any one trade.
$BTC 80984.4（+0.41%）
#BTC
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 take effect no later than January 2027.
The main purpose of KYC and the Travel Rule is to make fund flows traceable and reduce the risk of platforms being used for illegal activities.
There's no shame in taking it slow. Staying in the game matters more than how much you make on any one trade.
$BTC 80984.4（+0.41%）
#BTC
