Is it necessary to implement KYC verification in my Binance clone exchange? | Forum

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serenawilliams
serenawilliams Jul 11 '23

Implementing KYC (Know Your Customer) verification in your Binance clone exchange is crucial for regulatory compliance and enhancing security. KYC helps prevent fraud, money laundering, and illegal activities on your platform. It also builds trust among users and establishes a transparent trading environment. By verifying user identities, you can create a safer and more compliant cryptocurrency exchange.


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