@mansefojut17
In a decentralized world, KYB (Know Your Business) and KYC (Know Your Customer) serve as protocols to establish trust and security. KYC is crucial for identifying customers, verifying their identities, and preventing fraud or illegal activities. Meanwhile, KYB delves deeper into understanding the business itself, assessing its reputation, financial stability, and potential risks. Both are essential, but in a world valuing privacy and autonomy, the balance between KYC and KYB must respect these values while maintaining necessary safeguards against illicit activities.
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