KYC (Know Your Customer) is a regulatory process that requires financial and crypto-related services to verify the identities of their users. Services that deal with Bitcoin must comply with KYC regulations in their jurisdiction and the jurisdictions of their customers to adhere to anti-money laundering (AML) laws, reduce financial crime risks, and maintain trust with regulators and banking partners. While some argue KYC compromises privacy, it is essential for platforms operating within legal frameworks and seeking mainstream adoption.
Satori Club and the Satori Coin website use a third-party, Sumsub, for our KYC process.
You can learn more about Sumsub and their policies from their website: https://sumsub.com/