Trading Notes | Crypto Industry Regulation
① KYC stands for “Know Your Customer.” It refers to the process platforms use to verify customers’ identities and is a foundation of anti-money laundering compliance.
② The “Travel Rule” requires service providers to obtain and transmit basic identifying information about the sender and recipient when processing transfers.
③ Submit identity documents for verification only through the official app or website. Never give photos of your documents to anyone claiming to be customer support.
$BTC 67196 (-2.09%)
① KYC stands for “Know Your Customer.” It refers to the process platforms use to verify customers’ identities and is a foundation of anti-money laundering compliance.
② The “Travel Rule” requires service providers to obtain and transmit basic identifying information about the sender and recipient when processing transfers.
③ Submit identity documents for verification only through the official app or website. Never give photos of your documents to anyone claiming to be customer support.
$BTC 67196 (-2.09%)