Skip to content
Better HN
Top
New
Best
Ask
Show
Jobs
Search
⌘K
undefined | Better HN
0 points
Jommi
1y ago
0 comments
Share
KYC and KYCd accounts are a high volume item on the grey / dark net
it appears to not really do much at all
0 comments
default
newest
oldest
GTP
1y ago
I think thst the goal of KYC is to get information about the entity opening an account, to e.g. make sure it isn't used for money laundering. Whether this account gets stolen later is out of scope for KYC.
Jommi
OP
1y ago
right so its useless?
GTP
1y ago
No, it's not: you still want to make it as hard as practically possible to criminals to launder money.
j
/
k
navigate · click thread line to collapse