What is KYC?
Know your customer (KYC) check is the mandatory process of identifying and verifying the client's identity when registering with Toyow periodically over time.
Why is KYC completion necessary?
Completing your KYC is essential for several reasons:
Legitimacy and identity verification: KYC procedures help verify the authenticity and legitimacy of customer identities. By providing the required documentation, you establish your identity as a genuine user.
Risk prevention: KYC procedures play a crucial role in preventing identity theft, money laundering, and financial fraud. These checks help identify and mitigate potential risks associated with maintaining a business relationship.
By completing your KYC, you contribute to maintaining a secure and trusted environment within the ecosystem.