allvahao07
@allvahao07
The 21st century brought a tighter clampdown. After 9/11, the USA PATRIOT Act (2001) demanded comprehensive Customer Identification Programs. Europe followed with successive AML Directives, gradually getting more sectors, including crypto exchanges, under KYC requirements. Over time, “KYC” became a universal norm — a checklist for any institution deemed part of the regulated financial system.
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