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May 6, 2019May 6, 2019 SweaterPunchSweaterPunch 0 Comments

Know Your Customer

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Meaning of Know Your Customer

It simply means collecting verifiable data/information about users by exchanges for easy identification in case of any legal issues arises in future and also aid tax payment monitoring.

Popularly shortened as KYC. See KYT!

Related Articles:
  • Blockchain Dictionary: Know Your Transaction
  • Blockchain Dictionary: KYC
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