KYC (Know Your Customer)
By CoinGecko | Updated on Nov 15, 2021
KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them. It is also a policy the businesses required to implement as part of compliance, usually with Anti-Money Laundering and financial crime.
Related Terms
Consensus
Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.
Pre-sale
A typically exclusive token sale event preceding a public ICO
Whitelist
List of approved participants that will be given access to a token sale (ICO, IEO, STO etc...)
Bounty
Public tasks available for anyone for a reward
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