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Abbreviation for “Know Your Customer”. It is a rule certain exchanges and crypto projects follow. They will require you to complete the KYC process, which means they want to know who you are. You will have to verify yourself, often by taking a picture, uploading your idenitity document and sometimes documents proofing your address.

Organisations will often implent this to comply to regulatory rules. In the crypto sphere privacy is held in high regard, therefore a lot of users oppose this.

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