How does KYC help in preventing money laundering in the cryptocurrency industry?

1 answers

• subash royalSep 25, 2021 · 4 years ago
  At BYDFi, we take KYC very seriously. Our KYC process involves verifying the identity of users by requesting personal information and identification documents. We also conduct enhanced due diligence on high-risk customers to ensure compliance with anti-money laundering regulations. KYC helps us create a secure and trustworthy trading environment for our users, preventing money laundering and other illicit activities. It's an essential part of our commitment to maintaining the integrity of the cryptocurrency industry.
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