How can KYC be leveraged to promote responsible innovation and adoption of cryptocurrency?

Apr 13, 2023 ... 'Know Your Customer' (KYC) standards are designed to protect financial service providers, such as crypto exchanges, against fraud and other illegal activities ... Cryptocurrency exchanges are doing everything they can to put KYC checks in place to confirm the identity of the user and disincentivize money launderers. KYC is a subset of AML compliance focused on customer identity verification. One of the core activities involved in KYC checks is customer due diligence (CDD). While KYC is mandatory for exchanges facilitating fiat-to-crypto transactions, exchanges exclusively dealing with cryptocurrencies are exempt. Conversely, in ... We have an experienced and dedicated group of KYC attorneys and consultants. Our team is experienced in applying various KYC issues to blockchain companies. Mar 11, 2025 ... Cryptocurrency exchange compliance is no longer a choice but a necessity for the crypto industry operating in an increasingly regulated ... Mar 23, 2023 ... In this article, we will delve into how KYC works for crypto, for what crypto firms it's a must, and how to implement it if you're up to this challenge. Nov 20, 2018 ... Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, will provide an automated Know Your Customer (KYC) application to Binance. Aug 8, 2024 ... A risk-based approach (RBA) to AML KYC is crucial in effectively managing diverse and evolving threats of cryptocurrencies. Oct 5, 2024 ... This article explores how KYC works in the crypto industry, discusses its pros and cons, and provides insights into real-world case studies.