The dangers of KYC
- Description:
This document explains the dangers of Know Your Customer.
- Reviewed:
This document was last reviewed on 8/16/2025.
- Copyright:
- This document has been placed in the public domain.
What is KYC?
Know Your Customer (KYC) is a control mechanism most commonly used by cryptocurrency exchanges to identify their customers and allow for tracing and/or the potential seizure of their assets.