GwanghwamunGuardian
Fri Aug 30 2024
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6 answers
964
How do crypto exchanges avoid KYC requirements?
Could you elaborate on the mechanisms that cryptocurrency exchanges employ to circumvent Know Your Customer (KYC) regulations? Are there any legal loopholes or technical workarounds they utilize? How do these exchanges ensure compliance without implementing KYC measures, and what potential risks do they face by doing so? Additionally, what steps have regulatory bodies taken to address this issue and ensure transparency in the crypto space?
