Andrius Juodis
Andrius is a consistent writer for the blog at iDenfy, specializing in compliance and crypto-assets content coverage.
Understanding KYC and MiCA
The recent boom in the cryptocurrency market has raised the need for a solid regulatory framework to guarantee users’ transparency, safety, and protection; the European Union has adopted the Markets in Crypto-Assets Regulation (MiCA) to offer a meaningful legal framework for crypto-assets issued within its borders. Among the essential elements introduced by MiCA is a strict Know Your Customer (KYC) policy and procedures to reduce the risk of money laundering, fraud, and other illicit activities.
