kyc

Ātri mainīgajā blokārkitektūras tehnoloģiju ainā vienmēr ir pastāvējusi pamata pretruna: pilnīga pārredzamība un institucionālā privātuma konflikts. Gadiem ilgi tradicionālie finanšu miljonāri palika malā, uzmanīgi vērojot publiskos žurnālus, kas atklāja jutīgus tirdzniecības datus, taču nevarēja ignorēt decentralizēto sistēmu efektivitāti.
Ievadiet @Dusk Foundation. Izveidota 2018. gadā, Dusk nav tikai vēl viens slānis 1 blokārkitektūra; tā ir noteicošā tilts starp nekārtīgo inovāciju DeFi un globālās finanšu prasībām.

#ZTCBinanceTGE

Know Your Customer, commonly shortened to KYC, is a regulatory process that requires financial service providers to identify and verify the people who use their services. While it may feel like a routine formality when opening an account, KYC plays a central role in preventing financial crime and protecting both platforms and users.
In the cryptocurrency space, KYC has become increasingly important. As digital assets grow in popularity and adoption, regulators expect exchanges and service providers to apply the same standards of accountability found in traditional finance.
Understanding KYC in Practice
KYC is best understood as a proactive safeguard. Before users can access certain financial services, providers collect information that confirms identity and location. This typically happens during onboarding, before meaningful transactions take place.
If you’ve ever registered on a crypto exchange, you’ve likely encountered KYC already. Users are commonly asked to submit official documents such as a passport, national ID, or driving license. In many cases, proof of address is also required to establish residency and tax jurisdiction. These steps help service providers confirm that users are who they claim to be and reduce the risk of fraud or misuse.
Some platforms allow limited access without completing KYC, but functionality is usually restricted. For example, Binance allows account creation with limited features until identity verification is completed. This tiered access reflects how central KYC has become to compliance efforts across the industry.
How KYC Fits Into AML
KYC does not exist in isolation. It is a core component of Anti-Money Laundering and Countering the Financing of Terrorism frameworks. While AML covers a broad range of monitoring and investigative measures, KYC focuses on customer due diligence.
By tying accounts and transactions to verified identities, financial institutions create accountability. This makes it significantly harder for criminals to move illicit funds undetected. In contrast to transaction monitoring, which reacts to suspicious behavior, KYC works at the front line, reducing risk before activity even begins.
Who Sets KYC Rules?
KYC requirements differ from country to country, but they are far from random. Many jurisdictions align their standards through international cooperation. At a global level, the Financial Action Task Force plays a central role by issuing guidelines that governments and regulators are encouraged to follow.
In the United States, KYC obligations stem largely from anti-money laundering laws developed over the past few decades. In the European Union and Asia-Pacific regions, similar frameworks exist with overlapping requirements. Despite regional differences, most KYC processes collect comparable information and follow the same core principles.
Why KYC Is Important for Crypto
Cryptocurrency is often described as anonymous, but in reality it is pseudonymous. Wallet addresses do not automatically reveal personal identities, which makes crypto attractive for innovation but also for abuse. This has led to its use in money laundering, tax evasion, and other financial crimes.
KYC helps address these risks. Blockchain transactions are irreversible, meaning stolen or misdirected funds cannot be recovered by an administrator. Wallets can be created without providing personal information, and global regulations around crypto taxation and legality are still evolving. Together, these factors make oversight challenging without identity checks at key entry points, such as exchanges that connect crypto to fiat currencies.
Although KYC adds friction to the onboarding process, it strengthens the ecosystem by discouraging criminal activity and improving trust in legitimate platforms.
The Broader Benefits of KYC
The advantages of KYC go beyond crime prevention. By establishing verified identities, lenders and financial institutions can assess risk more accurately, leading to healthier lending practices. KYC also reduces identity theft and impersonation, protects customers from fraudulent actors, and increases transparency across financial systems.
Over time, these effects improve confidence in service providers. That confidence extends to the wider industry, encouraging investment and adoption by users who might otherwise be hesitant.
KYC and the Question of Decentralization
From its earliest days, cryptocurrency emphasized decentralization and freedom from intermediaries. Anyone can create a wallet and hold digital assets without asking permission or sharing personal details. For many enthusiasts, this openness is core to crypto’s appeal.
Mandatory KYC introduces tension with those ideals. Critics argue that identity checks undermine privacy and contradict the spirit of decentralization. Supporters counter that KYC is primarily applied at centralized access points, such as exchanges, rather than at the protocol level. Decentralized wallets remain permissionless, while fiat-to-crypto gateways bear the responsibility of regulatory compliance.
Common Criticisms of KYC
KYC is not without controversy. Some users point to higher costs, as compliance expenses are often passed on through fees. Others highlight accessibility issues, noting that people without formal identification or a fixed address may be excluded from financial services. Data security is another concern, as breaches can expose sensitive personal information. Finally, there is the philosophical argument that KYC conflicts with crypto’s decentralized roots.
These concerns are real, but they exist alongside the benefits that KYC provides in reducing systemic risk and criminal exploitation.
Final Thoughts
KYC has become a standard feature of modern finance and a cornerstone of crypto compliance. While it can feel inconvenient, it plays a crucial role in protecting users, exchanges, and the broader financial system. As part of wider AML efforts, KYC helps make cryptocurrency safer, more trusted, and more sustainable over the long term.
For most users, the tradeoff is simple: a short verification process in exchange for greater security and confidence when trading digital assets.
#Binance #KYC $BTC $ETH $BNB

Ziniet savus klientus, kas parasti saīsināts kā KYC, ir regulatīvs process, kas prasa finanšu pakalpojumu sniedzējiem identificēt un pārbaudīt to cilvēkus, kuri izmanto to pakalpojumus. Lai arī tas var šķist par parasto formālumu, atverot kontu, KYC spēlē centrālu lomu, novēršot finanšu noziedzību un aizsargājot gan platformas, gan lietotājus.
Kriptovalūtu nozarē KYC kļuvusi arvien svarīgāka. Ar digitālām aktīvām pieaugošo populāritāti un pieņemšanu regulētāji gaida, ka apmaiņas un pakalpojumu sniedzēji pielieto tādas pašas atbildības standartus, kādas ir tradicionālajā finansēs.

#dusk is the privacy blockchain for regulated finance.

It lets you launch and use markets where:

Institutions can meet real regulatory requirements on‑chainUsers get confidential balances and transfers instead of full public exposureDevelopers build with familiar EVM tools plus native privacy and compliance primitives

Dusk combines:

Zero‑knowledge technology for confidentialityOn‑chain compliance for MiCA / MiFID II / DLT Pilot Regime / GDPR‑style regimesSuccinct Attestation, a PoS consensus protocol for fast, final settlementA modular architecture with DuskDS (data & settlement) and #DuskEVM (EVM execution)What is Dusk?

Most financial markets still run on opaque, centralized systems.
Dusk is built to move those workflows on‑chain without sacrificing:

Regulatory complianceCounterparty privacyExecution speed and finality

On Dusk, institutions can issue and manage financial instruments while enforcing disclosure, #kyc /AML, and reporting rules directly in the protocol.

In short: Dusk is a privacy-enabled, regulation-aware blockchain for institutional-grade finance.

Why Dusk?Built for regulated markets

Dusk is designed around the needs of regulated financial institutions:

Native support for compliant issuance of securities and RWAsIdentity and permissioning primitives that let you differentiate between public and restricted flowsOn‑chain logic that can reflect real‑world obligations (eligibility, limits, reporting, etc.)

See: Core Values and Tokenization & Native Issuance.

Privacy by design, transparent when needed

Dusk uses zero‑knowledge proofs and dual transaction models (Phoenix and Moonlight) to let users choose between:

Public transactions for transparent flows, andShielded transactions for confidential balances and transfers,
with the ability to reveal information to authorized parties when required.

See: Cryptography and Transaction Models on Dusk.

Fast, final settlement

The Succinct Attestation consensus protocol is a proof‑of‑stake, committee‑based design:

Deterministic finality once a block is ratifiedNo user‑facing reorgs in normal operationDesigned for high throughput and low‑latency settlement suitable for markets

For the full consensus specification, see Section 3 “Consensus mechanism” of the Dusk Whitepaper (2024).

Modular & EVM-friendly

Dusk separates settlement from execution, making it easier to match the right environment to each use case:

DuskDS – consensus, data availability, settlement, and the privacy‑enabled transaction modelDuskEVM – an Ethereum‑compatible execution layer where DUSK is the native gas tokenNative bridging between layers so assets can move where they’re most useful

See: Core Components and DuskEVM Developer Docs.

What can you build on Dusk?

Some example use cases Dusk was designed for:

Regulated digital securities

Tokenized equity, debt, or funds with embedded compliance rulesOn‑chain corporate actions and transparent yet privacy‑respecting cap tables

Institutional DeFi

Lending, AMMs, and structured products that must enforce KYC/AMLSeparation of public market signals from private position details

Payment & settlement rails

Confidential payments between institutionsDelivery‑versus‑payment (DvP) settlement of tokenized assets

Self‑sovereign identity & access control

Permissioned venues where access is controlled via verifiable credentialsCompliance checks enforced in smart contracts instead of manual back‑office processes

For more inspiration, see Dusk’s use cases and Additional Resources.

Architecture at a glance

Here’s how the main components fit together:

ComponentRole in the systemLearn moreDuskDSSettlement, consensus, data availability, and native transaction modelCore ComponentsDuskEVMEVM execution environment where DUSK is the gas tokenDeploy on DuskEVMRuskReference node implementation that runs Succinct AttestationRun a nodeCitadelIdentity & access primitives for compliant, permissioned flowsCore Components

If you want a deeper technical dive, start with Cryptography or the Dusk Whitepaper.

Start building on Dusk

Choose how you want to get involved:

Use DuskSet up the Dusk Web Wallet and start interacting with the network.

Stake DUSKSecure the network as a staker and earn protocol rewards.

Join the CommunityGet support, share ideas, and stay up to date with Dusk on#Discord.