What are KYC and AML, and why do they exist?
Did you know?
KYC and Cryptocurrency
KYC and Web3
Stay on top of crypto news, get daily updates in your inbox.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- ChartPrime. Elevate your Trading Game with ChartPrime. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: https://decrypt.co/resources/what-is-kyc-how-crypto-exchanges-prevent-money-laundering
- :has
- :is
- :not
- :where
- $UP
- 08
- 10
- 11
- 2001
- 2015
- 2022
- a
- Absolute
- Account
- Act
- activities
- activity
- added
- Additional
- Additional Information
- address
- addresses
- advocates
- against
- agencies
- agency
- aims
- All
- also
- AML
- amount
- an
- and
- anti-money laundering
- any
- ARE
- around
- AS
- assess
- associated
- At
- AUGUST
- avoid
- away
- back
- Bank
- bank secrecy act
- Bankruptcy
- Bankruptcy Court
- bankruptcy protection
- Banks
- bar
- basic
- BE
- became
- become
- becoming
- being
- Biggest
- binance
- BINANCE.US
- birth
- blockchain
- border
- bought
- built
- businesses
- but
- buy
- by
- called
- CAN
- Cash
- Celsius
- celsius filed
- centralized
- Chapter
- Chapter 11
- Chapter 11 Bankruptcy
- check
- Checks
- chief
- chief product officer
- Civic
- clear
- coinbase
- COM
- combat
- company
- compliance
- compliant
- comply
- Concern
- Confirm
- consumer
- Consumers
- continue
- coupled
- Court
- creates
- creation
- Crimes
- Criminal
- Criminals
- crypto
- crypto company
- Crypto ecosystem
- Crypto Exchanges
- Crypto News
- crypto space
- crypto transactions
- cryptocurrency
- cryptocurrency businesses
- Cryptocurrency Exchanges
- customer
- Customers
- cybercrime
- cybercriminals
- daily
- Dark
- data
- Date
- Dating
- Decrypt
- Department
- designed
- detect
- developers
- do
- documents
- each
- ecosystem
- emphasize
- enable
- enabled
- enforcement
- Enter
- Enterprise
- entities
- especially
- Ether (ETH)
- Even
- EVER
- Every
- example
- exception
- exchange
- Exchanges
- exist
- extension
- external
- Face
- Face scan
- fight
- File
- filed
- Files
- finalized
- financial
- financial services
- financial services company
- financial system
- financing
- First
- Focus
- For
- founding
- fraud
- fraudulent
- from
- full
- fully
- funds
- Gemini
- genuine
- get
- given
- Global
- global financial
- global financial system
- Goes
- going
- Governments
- had
- Have
- having
- here
- How
- However
- HTTPS
- human
- idea
- Identification
- identify
- identities
- Identity
- identity theft
- Identity Verification
- in
- include
- Including
- increasingly
- industry
- information
- Infrastructure
- integrated
- interest
- into
- introduced
- invasion
- issue
- IT
- ITS
- jp
- July
- Keep
- Key
- Know
- KYC
- KYC requirements
- KYC services
- Laundering
- Law
- law enforcement
- least
- Legacy
- legitimate
- Lets
- like
- likely
- Limited
- LINK
- List
- location
- looking
- Losers
- made
- make
- Making
- manage
- mandatory
- many
- May..
- me
- money
- Money Laundering
- more
- much
- must
- name
- names
- Nature
- Need
- newer
- news
- NFTs
- no
- october
- of
- offering
- Officer
- officials
- older
- on
- On-Chain
- on-chain activity
- ONE
- online
- or
- organizations
- our
- Oversight
- part
- pass
- paying
- People
- per
- perform
- permissionless
- person
- photo
- Place
- platform
- plato
- Plato Data Intelligence
- PlatoData
- policies
- Polygon
- possible
- prevent
- preventing
- principles
- privacy
- procedures
- process
- Product
- Products
- projects
- proposed
- prosecute
- protect
- protection
- provide
- public
- publicly
- qualify
- range
- ranked
- records
- regulated
- regulations
- Regulators
- relative
- released
- remain
- remains
- Reports
- reputation
- require
- required
- Requirements
- requires
- revealing
- risks
- s
- San
- Sanctions
- say
- says
- scan
- scene
- seamless
- Search
- secretary
- see
- sell
- service
- Services
- services company
- significant
- signing
- Solutions
- some
- Soon
- Source
- Space
- started
- States
- stay
- stock
- Stock Exchange
- subject
- such
- suite
- system
- taking
- Taxes
- terms
- terrorist
- terrorist financing
- than
- that
- The
- The Coinbase
- theft
- their
- Them
- they
- this
- though?
- threat
- TIE
- time
- to
- token
- told
- tool
- top
- tornado
- Tornado Cash
- trade
- trafficking
- transaction
- Transactions
- treasury
- Treasury Department
- typically
- u.s.
- U.S. Treasury
- u.s. treasury department
- under
- understand
- uniqueness
- United
- United States
- Updates
- us
- USA
- use
- used
- User
- users
- using
- Verification
- verify
- version
- visitors
- vital
- Wallet
- was
- we
- Web3
- Website
- were
- What
- What is
- when
- which
- WHO
- why
- will
- with
- yet
- you
- Your
- zephyrnet
More from Decrypt
Human Rights Foundation Backs Bug Bounty With Bitcoin – Decrypt
Source Node: 2189885
Time Stamp: Jul 29, 2023
Axie Infinity Has Sold $2 Billion Worth of Ethereum NFTs. Here’s What’s Next
Source Node: 1093389
Time Stamp: Sep 24, 2021
Build Your Own ChatGPT with New Fine-Tuning Feature From OpenAI – Decrypt
Source Node: 2228779
Time Stamp: Aug 22, 2023
Galaxy Digital Reports $517M in Q3 Net Income, Up 91% From 2020
Source Node: 1112841
Time Stamp: Nov 15, 2021
ASICS Taps STEPN to Launch Running Shoe, Solana NFT Collections
Source Node: 1743170
Time Stamp: Nov 4, 2022
Solana Traders Send WEN on Wild Ride After $35 Million in Tokens Burned – Decrypt
Source Node: 2460751
Time Stamp: Jan 29, 2024
Final Bitcoin Options Expiry Before Halving Is Here—What You Need to Know – Decrypt
Source Node: 2528734
Time Stamp: Mar 28, 2024
Ethereum Classic, Dfinity’s ICP Lead Rising Crypto Market
Source Node: 950813
Time Stamp: Jun 29, 2021
Square Teams With Blockstream For Solar-Powered Bitcoin Mining Farm
Source Node: 907327
Time Stamp: Jun 7, 2021
Terra Co-Founder Do Kwon’s Extradition Approved by Montenegro Court – Decrypt
Source Node: 2396951
Time Stamp: Nov 24, 2023
Animoca Brands Raises $20M to Pursue ‘Single Native Web3 Project’ Mocaverse – Decrypt
Source Node: 2264971
Time Stamp: Sep 11, 2023