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Top 5 Solutions to the KYC Problem for Crypto or NFT Projects
Manage episode 410929845 series 3474370
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This story was originally published on HackerNoon at: https://hackernoon.com/top-5-solutions-to-the-kyc-problem-for-crypto-or-nft-projects.
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.
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #blockchain, #crypto, #nft, #blockchain-technology, #kyc, #kyc-aml, #security, #good-company, #hackernoon-es, #hackernoon-hi, #hackernoon-zh, #hackernoon-vi, #hackernoon-fr, #hackernoon-pt, #hackernoon-ja, and more.
This story was written by: @CryptoAdventure. Learn more about this writer by checking @CryptoAdventure's about page, and for more stories, please visit hackernoon.com.
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.
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