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How KYC Can Ruin Your Life (Bitcoin)KYC means "know your customer." It refers to a financial institution's obligation to carry out certain identity and background checks on its. KYC in crypto refers to the actions VASPs take to verify client identities as part of the due diligence process and compliance with. In the crypto industry, KYC is often considered synonymous with user identification. Crypto KYC requirements are mostly centered around making sure that users.
