1.0KYC Chainhttps://kyc-chain.comDanielhttps://kyc-chain.com/author/daniel/rich600338<blockquote class="wp-embedded-content" data-secret="9296qkRP4h"><a href="https://kyc-chain.com/the-importance-of-kyc-for-crypto-exchanges/">The Importance of KYC for Crypto Exchanges</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://kyc-chain.com/the-importance-of-kyc-for-crypto-exchanges/embed/#?secret=9296qkRP4h" width="600" height="338" title="“The Importance of KYC for Crypto Exchanges” — KYC Chain" data-secret="9296qkRP4h" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); </script> https://kyc-chain.com/wp-content/uploads/2023/05/sergey-raikin-ZOOt4tQXe9g-unsplash-scaled-1.jpg25601508Crypto platforms need to have KYC processes in place in order to comply with strict and evolving global AML regulations. Implementing effective KYC has been challenging for many crypto companies due to perceptions that crypto users are averse to sharing their ID data and that implementing KYC checks is expensive. This article explores how automated KYC overcomes these challenges and help crypto exchanges scale.