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glossary

Definitions and terminology related to cryptoeconomics, blockchain and distributed ledger technology.
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KYC

KYC stands for 'Know Your Customer' and refers to the processes of verifying investor, customer, or client identity so to avoid facillitating money laundering, fraud, bribery, terrorism, or other corrupt or malicious acts. Goverments typically require financial institutions to be KYC compliant, and projects can benefit from performing KYC through avoided fines and better managed client risks.