Why is IPV(In person Verification) required for crypto deposit transactions?
Updated
In-person verification (IPV) for crypto deposit transactions is crucial for:
Enhanced Security: It helps confirm the depositor’s identity, reducing fraud and preventing unauthorized transactions.
Regulatory Compliance: IPV supports adherence to Know Your Customer (KYC) and anti-money laundering (AML) regulations.
Trust and Integrity: IPV builds user trust and maintains the integrity of financial systems by ensuring legitimate transactions.
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