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5 answers
CherryBlossomFall
Wed Jul 03 2024
When implemented properly, the KYC process should be relatively quick and efficient, minimizing inconvenience for customers while upholding regulatory compliance.
DaeguDiva
Wed Jul 03 2024
Cryptocurrency exchanges implement a process known as Know Your Customer (KYC) during customer onboarding.
KatanaSharp
Wed Jul 03 2024
This KYC process involves a series of steps to verify the identity of customers and conduct due diligence.
HanjiArtist
Wed Jul 03 2024
The objective of KYC is to ensure that the exchange understands the financial activities and risks associated with each customer.
KDramaLegendaryStar
Wed Jul 03 2024
These steps are legally mandated, and their correct execution is crucial for maintaining the security and integrity of the exchange.