Do you know how high-level security area, have retina and fingerprint scanners to let people in? Consider KYC a similar kind of key! It is your identity but for the businesses, you collaborate with When you add the details, it gives regulators of businesses, Room to understand the level of risk of their customers. Your KYC or identity in this compliance includes, Your official verification in terms of – Passport Driver’s Licence Aadhar Card PAN Card These verifications are issued by the government. These are primarily needed by your financial firms like – Your Banks Investment firms Crypto exchanges Because it helps them in verifying their clients, be it a person or organisation, legitimacy.
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