What is KYC and why is it important for crypto exchanges?

The point of KYC is to confirm that a customer is who they claim to be and to prevent illegal activities, such as money laundering, funding terrorism, and tax evasion. If a crypto exchange doesn't perform KYC, then it could be liable for those kinds of illegal activities.

What is Know-Your-Customer (KYC) and why is it important?

While there is an on-going debate about the balance between privacy and security, proper know-your-customer (KYC) measures help to prevent the illegal use of cryptocurrencies. What is KYC? KYC means "know your customer."

What is KYC verification?

What Is KYC Verification? The Know Your Client or Know Your Customer (KYC) verification are a set of standards and requirements used in the investment and financial services industries to ensure they have sufficient information about their clients, their risk profiles, and financial position.

What is IK coin?

iK Coin is a BEP 20 standard token built on the Binance blockchain. It is part of iK Finance, and belongs to the ecosystem of the iK Tech Solutions group. iK's mission is to transform wasted time into quality time, connecting and using technology in order to create a better, sustainable and quality world.