KYC is shorthand for “know your customer.” Know Your Customer standards are included in federal Anti-Money Laundering (AML) regulations. Key goals of decentralized services like cryptocurrency are to allow users to remain anonymous and keep their personal information private, which sometimes puts crypto in conflict with KYC.
One of the challenges for Dash is balancing privacy with regulatory compliance. It's an issue that roils the general crypto market whenever regulators flex their muscles. We explain how Dash and privacy go hand-in-hand to help you get a better understanding of these discussions.