Regulatory Compliance:
Required by Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) laws in most jurisdictions.
Fraud Prevention:
Ensures only legitimate individuals use financial services, reducing risks like identity theft.
Building Trust:
Helps create a transparent and secure environment for financial transactions.
Access to Full Features:
Restrict access to certain features (e.g., higher withdrawal limits, fiat deposits/withdrawals) until KYC is completed.
Last updated 1 year ago