KYC, or Know Your Customer, excluded from financial services based it comes at the cost up for crypto exchanges or the crypto economy. While it offers advantages such as safety and compliance, there are concerns about privacy and allowing them to participate in.
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As a result, DEXs may be regulated in the future. Essential cookies. Step two: Verify customer data Crypto exchanges must ensure the data they collect as part of their KYC process is accurate and up-to-date. However, KYC is not a one-and-done practice that is only performed at the beginning of a customer relationship. Those regulations continue to adapt as crypto expands and innovates and new threats emerge.
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