Verified users are individuals or entities whose identities have been confirmed and authenticated by a platform or service. This verification process typically involves submitting personal documentation, such as government-issued IDs, and often includes biometric checks. The purpose is to comply with regulatory requirements like Know Your Customer (KYC) and Anti-Money Laundering (AML) laws. Verification enhances security and accountability.
Context
In crypto news, verified users are frequently mentioned in discussions about regulatory compliance for cryptocurrency exchanges and digital asset service providers. Reports often highlight the increasing mandates for platforms to verify user identities to prevent fraud and illicit activities. The process of becoming a verified user is a standard procedure for accessing many regulated digital asset services.
KGeN's latest funding round propels its VeriFi Protocol, strategically enhancing authentic user acquisition and engagement across the Web3 application layer.
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