Glossary-K: Difference between revisions
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=== KYC === | === KYC === | ||
: ''Acronym - | : ''Acronym - '''K'''now '''Y'''our '''C'''ustomer'' | ||
: The practices required by law and regulatory agencies of centralized exchanges and other financial institutions to verify the identities and background information of their customers. | : The practices required by law and regulatory agencies of centralized exchanges and other financial institutions to verify the identities and background information of their customers. | ||
Latest revision as of 20:46, 16 September 2024
K
Key
- In the context of web3, a key typically refers to a cryptographic key used for authentication and access control of digital assets in a blockchain network.
- See also: #Private Key, #Public Key, #Public Key Encryption
KYC
- Acronym - Know Your Customer
- The practices required by law and regulatory agencies of centralized exchanges and other financial institutions to verify the identities and background information of their customers.
- See also: #AML