Why is KYC Important?

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Posted on 2024-06-10

KYC is important because it helps us maintain a safe and secure environment for all our users. By verifying the identity of our users, we can ensure that only legitimate individuals are using our platform and help prevent fraud, money laundering, and other illegal activities. KYC also helps build trust and transparency, both within our communi...

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What is KYC?

2 Out of 2 Found Helpful
Posted on 2024-06-10

KYC is a regulatory requirement designed to prevent fraud, money laundering, and other illegal activities. It involves verifying the identity of our users by collecting certain information and documentation, such as government-issued ID, proof of address, and sometimes even a selfie to confirm identity.When you sign up for a BitStake account, ...

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