Know Your Customer (KYC) for Cryptocurrency Exchanges
Know Your Customer (KYC) legislation requires businesses to verify the identity of individuals using their service, particularly where the transmission of money is involved. This includes virtual currencies. As a result, the majority of crypto exchanges now enforce KYC. However, it is not mandatory to use a KYC exchange (also referred to as “surveillance exchanges” by their detractors) to trade. A number of exchanges legally operate in jurisdictions that do not mandate KYC, or have no official headquarters, placing them in a grey area in terms of legal obligations.
- Nominex
- Bybit
- Binance
- Bitmax
- KuCoin
- Bitcoin.com
Continue reading here: https://news.bitcoin.com/6-cryptocurrency-exchanges-that-dont-require-kyc/
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