Anti-Money Laundering, or AML, refers to a broad range of regulatory systems aimed at preventing money laundering. One of the processes of AML is the Know Your Customer (KYC) process, which entails verification process and increased due diligence.
The term "know your customer" (abbreviated as "KYC") refers to the process through which a financial institution confirms the identification of a customer. A valid ID card, utility bills indicating your home address, and a passport are all examples of acceptable forms of identification for identity verification. Each institution and region has its own set of requirements for a form of identification.
There will be no KYC requirements to join our ecosystem considering we put a high value on the decentralised nature.