币圈kyc是什么意思(币圈KYC解析)?

2. Cryptocurrencies are decentralized and anonymous, which contradicts the KYC rule. In the past, exchanges did not require stringent KYC procedures given that cryptocurrencies are not under government regulation. However, with the increasing occurrence of fraud, theft, and illegal activities such as money laundering and drug trafficking through cryptocurrencies, governments and financial regulatory bodies have mandated the enforcement of KYC procedures in exchanges. Hence, when registering for a cryptocurrency exchange, you will need to undergo KYC verification, which is now an indispensable part of all financial activities in the international community. The three essential elements of KYC are name, ID, and mobile phone verification.

3. KYC is ubiquitous in our lives. When opening a bank account, we need to provide detailed personal information, which is considered KYC. Similarly, when signing up for Alipay or WeChat Pay, even if you register with your social media account, you still need to undergo real-name authentication by providing your name, phone number, and ID number, which falls under KYC. KYC is necessary for companies to manage and protect both their own and their customers' assets and meet government regulations. The reason why KYC is seldom mentioned in other fields but frequently mentioned in the cryptocurrency industry is that cryptocurrencies initially upheld decentralization and freedom but also entailed anonymity, which contradicted KYC. Additionally, cryptocurrencies are not under government regulation or legal restrictions, leading to less strict KYC requirements in exchanges. However, with numerous cases of fraud and illegal activities in the crypto industry, governments and financial regulatory bodies have pushed for the enforcement of KYC procedures.