Terra Luna Classic Community Approves Proposal for KYC Procedures
LUNC community approves Proposal 12033 for mandatory KYC, enhancing Terra Luna Classic's security and fostering confidence.
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LUNC community approves Proposal 12033 for mandatory KYC, enhancing Terra Luna Classic's security and fostering confidence.
Backpack, a well-known NFT wallet app operating on the Solana blockchain, made a significant announcement regarding its forthcoming crypto exchange, the Backpack Exchange, earlier this week.
While most crypto exchanges have begun implementing KYC mandates, investors still have the choice to opt for crypto exchanges that promote greater anonymity by not imposing KYC.
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With the regulatory push for a tighter identification standards rises, the crypto industry definitely has some innovations to offer.
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The company said there will be a $1,000 daily spending limit, but no personal information is required.
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Decentralized exchanges must figure out how to improve their KYC compliance before the wave of regulation arrives.