Australia Post’s Digital ID Allows Cryptocurrency Exchanges to Fast-Track KYC Verification-9.82

Know-Your-Customer (KYC) and Anti-Money Laundering (AML) obligations within the cryptocurrency and blockchain technology industry is something that exchanges can no longer ignore, especially if the platform in question has a gateway that facilitates fiat currency. With a lack of infrastructure in place to stream-line the process, verifying a user’s identity can be a somewhat slow and inefficient procedure.

Recognizing the need to fast-track this process, Australia Post, the country’s national postage company, have recently launched a new product that will allow cryptocurrency exchanges to complete KYC validation within just a few minutes.

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