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.