Blockchain KYC (Know Your Customer) streamlines identity verification through secure, decentralized, and tamper-proof systems. By storing verified credentials on a blockchain, users can share access with institutions without revealing unnecessary data, improving privacy and reducing onboarding time. It enhances compliance with anti-money laundering (AML) regulations while reducing duplication across platforms. Blockchain KYC enables institutions to maintain real-time, immutable audit trails and minimizes fraud risk. Banks, fintech startups, and exchanges increasingly adopt blockchain KYC solutions for more efficient, transparent, and user-friendly customer verification processes.
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