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
Shilling
One who poses as a enthsiastic customer to swindle others as a form of covert advestising.
Block Explorer
Application or websites which display information such as status of transactions or data contained in a block of a given public blockchain network.
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
Trustless
Entirely verifiable, without needing to trust or assume an action is done completely and in good faith.
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