KYC (Know Your Customer) is a standard Account Verification process that requires users to provide valid documentation to prove who they are.
Completing KYC is mandatory for all users for two main reasons:
- To ensure legal compliance: It is a strict requirement to comply with Vietnamese laws, specifically regulations regarding AML/CFT (Anti-Money Laundering and Counter-Terrorist Financing), as well as global regulatory standards.
- To protect your assets: Verifying the account of every user helps CAEX prevent identity theft, block fraudulent activities, and maintain a highly secure environment for your account.