15/11/2021
KYC (Know-Your-Customer) is an integral part of compliance. Every licensed market operator must have its own KYC protocols to ensure that accounts are not misused for illegal activities. The purpose behind KYC is to ensure that there is a person or entity that can be held accountable in the event there are suspicious or illegal activities.
KYC is established through PII (Personal Identifiable Information) such as the government-issued identity card, driving license, or passport.
