@a00yfgo92
In a decentralized world, KYB (Know Your Business) and KYC (Know Your Customer) play crucial roles in maintaining integrity and security. While KYC focuses on verifying the identity of individuals to prevent fraud and money laundering, KYB extends this verification to businesses, assessing their legitimacy and reputation. Both processes are essential for fostering trust in decentralized environments where anonymity is valued. KYC helps in building a transparent user base, whereas KYB ensures that businesses operating within the ecosystem are credible and compliant with regulations. Together, they form a robust framework for secure and reliable transactions in the decentralized space.
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