Cryptocurrency Q&A
Is Exodus no KYC?
Is Exodus no KYC?
lucas_jackson_pilot
Mon Dec 23 2024
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7 answers
1512
I'm wondering if Exodus, the cryptocurrency platform, has a no-KYC policy. In other words, I want to know if they require customers to go through Know Your Customer verification processes or if they allow anonymous use of their services.
7 answers
Daniele
Wed Dec 25 2024
This verification process is necessary to comply with anti-money laundering regulations.
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TaekwondoMasterStrengthHonorGlory
Wed Dec 25 2024
KYC stands for Know Your Customer and is a crucial aspect of AML, which stands for Anti-Money Laundering.
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KpopStarletShineBrightness
Wed Dec 25 2024
The main objective of KYC is to ensure that companies verify the identities of their customers.
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CryptoBaroness
Tue Dec 24 2024
As a result, Exodus does not conduct KYC on its users.
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Elena
Tue Dec 24 2024
By conducting KYC, companies can prevent illegal activities such as money laundering and terrorist financing.
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