What is Global KYC and why do I have to submit identification documents to verify my wallet?
KYC stands for “Know Your Customer” and it is a standard practice for any company offering financial services. KYC is an important part of protecting our community against money laundering and any bad actors from using our platform.
The KYC process discourages the attempt to commit financial crimes or other illegal activities. Financial platforms are required by law to collect this data from their customers and avoid the attempt of these types of financial crimes.
How will this affect me?