Know Your Customer (KYC)

Know Your Customer (KYC) is a compliance process used by financial institutions and digital service providers to verify users’ identities and assess money-laundering and fraud risks. Regulatory pressure has recently spread beyond banks and crypto-asset trading to perpetual decentralized exchanges, prediction markets, non-custodial wallets and AI services. Companies are using AI to speed up reviews while exploring privacy-preserving identity verification on Starknet to reduce data exposure. KYC is increasingly critical to whether services can operate across borders, attract institutional capital and balance privacy with security, making regulatory developments and real-world technology deployments key areas to watch.