KYC (Know Your Customer) verification in crypto | KYC and decentralization | KYC benefits | DeFeed

KYC (Know Your Customer) verification in crypto | KYC and decentralization | KYC benefits. The Know Your Customer (KYC) procedure helps to identify and verify a customer. KYC is a general regulatory requirement for financial service providers. This practice is primarily aimed at combating the financing of crimes and the laundering of money obtained by illegal means. This is why KYC is becoming an important security measure, especially for cryptocurrencies.

But isn’t it against the concept of anonymity and decentralization?

Watch the full video to learn more about KYC.

Covering:

👉 Know Your Customer (KYC) practice explained
👉 Who regulates KYC?
👉 Why is the KYC procedure needed in cryptocurrency?
👉 Key benefits of KYC
👉 KYC and decentralization
👉 Arguments against KYC

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3. QDAO – an ecosystem of blockchain-based financial products: https://qdefi.io/en?utm_source=youtube&utm_medium=cpc
4. DeFi Rating – Onchain Trading and Farming analytics + biggest aggregator For DeFi apps: https://defirating.finance?utm_source=youtube&utm_medium=cpc

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#KYC #defeed #verification

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