What is KYC and why the global crypto community needs user identification?

Written by kick_ecosystem | Published 2020/05/18
Tech Story Tags: kyc | kyc-aml | what-is-kyc | kyc-and-cryptocurrency | kyc-top-story | why-do-i-need-kyc | significance-of-kyc | good-company

TLDR New KickAcademy survey shows that more and more people trust their digital assets to and trade on cryptocurrency exchanges with KYC procedures enabled. The technology sector, that began with anonymous peer-to-peer payments is now aiming towards the security of traditional finance, which means compliance with the KYC. The survey showed that the number of users who are positive or neutral about the procedure and are ready to go through it is 4 times larger than those who feel extremely negative about it. The majority of respondents are anticipating the clear regulation of cryptocurrency trading from their governments.via the TL;DR App

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Written by kick_ecosystem | a one-stop-shop for fintech transformation
Published by HackerNoon on 2020/05/18