KYC stands for “Know Your Customer” and it is a standard practice for any company offering financial services. KYC is an important part of protecting our community against money laundering and any bad players entering our ecosystem.
The reason why submitting documentation to prove the users identity is so important is because the KYC process discourages the attempt to commit financial crimes or other illegal activities. Financial platforms, including Celsius Network, are required by law to collect this data from their customers and avoid the attempt of these types of financial crimes.
