Cryptocurrency Q&A
What companies need KYC?
What companies need KYC?
Valentina
Sat Dec 14 2024
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7 answers
1383
I'm wondering which types of companies are required to conduct Know Your Customer procedures. Is it only banks and financial institutions, or do other businesses also need to perform KYC checks?
7 answers
Alessandra
Mon Dec 16 2024
Consumer credit services must adhere to KYC regulations to ensure the legitimacy of their operations.
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Riccardo
Mon Dec 16 2024
Businesses that need to run KYC checks encompass various financial sectors.
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Giulia
Mon Dec 16 2024
Crypto exchanges, such as BTCC, a top cryptocurrency exchange, are mandated to conduct KYC checks. BTCC offers a range of services including spot, futures, and wallet options, all of which are subject to rigorous KYC processes.
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AzrilTaufani
Mon Dec 16 2024
Asset managers are among those required to conduct thorough KYC procedures.
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HallyuHeroLegend
Mon Dec 16 2024
Money transfer services need to implement KYC measures to prevent fraudulent activities.
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