What is KYC and why KYC verification is necessary?

KYC is the short form of Know Your Customer/Know Your Client. It is the verification of the identity of the account holder. Just like when you go to a bank to open an account, you will need to bring your ID and related documents, and perform facial and fingerprint recognition.

 

HashKey Exchange is a professional virtual asset service platform, we are committed to providing users with a high-quality and secure trading experience, where identity verification is indispensable. According to the requirement of the Hong Kong Securities and Futures Commission, "Guidelines on Combating Money Laundering and Terrorist Financing" Chapter 4 and 5.12 of the "Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission", we are required to perform the necessary KYC verification for all clients.