Top 5 Solutions to the KYC Problem for Crypto or NFT Projects

Web3 Tech Brief By HackerNoon

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The future of KYC/AML in the crypto world is looking bright. With projects implementing KYC solutions, we see a move toward a regulated and compliant industry.
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KYC/AML is a set of guidelines and best practices that businesses can use to prevent illegal activities. KYC stands for "anti-money laundering" and "know your customer" without proper KYC procedures. Many countries have laws and regulations that require businesses to implement these measures. Even if a project isn't legally required, it's still in the project's best interest to take these steps. Here are five of the most popular KYC solutions for crypto and NFT projects: SolidProof, Chainanalysis, Identity.com, Elliptic.com.