Know Your Customer

Know Your Customer

(KYC)

(KYC)

KYC, or Know Your Customer, is the process of verifying an individual’s identity before they can access certain financial products or platforms. It’s a regulatory requirement designed to prevent fraud, money laundering, and terrorist financing.

Typically, KYC involves confirming details such as legal name, date of birth, address, and government-issued identification. In blockchain and DeFi contexts, KYC is often applied to permissioned vaults or regulated assets, ensuring that participants meet eligibility criteria.