Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,48 trillion. Bitcoin increased by nearly 5% to reach around $40,000. Ethereum is up by almost 4% to cement its price above $2,100. XRP lost almost 1% in value this week. Almost all altcoins are trading in the green, with some exceptions. The DeFi sector increased the total value of protocols (TVL) to around…
Know Your Customer
What Is Know Your Customer (KYC) and How Does It Work?
Crypto exchanges and other cryptocurrency industry businesses use KYC or Know Your Customer, to verify their customers' identities. KYC aims to prevent money laundering, terrorist financing, and other illegal activities. The process typically involves collecting personal information such as a customer's name, address, and government-issued ID. Some exchanges also require proof of address and other documentation. The role of KYC in the crypto industry is to comply with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. In addition, KYC is…
Block Education 
@BlockEducation
@BlockEducation
10 months ago 
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