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Reason Exchange Use KYC

#1
the reason why more exchange is use KYC i think this is for make the reduce of the money laundry and then make identifiy the user and controling all the transaction on exchange
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#2
KYC simply means know your customer. And the reason for the is to be able check all those that feel that can use cryptocurrency to carry out their evil deeds especially in the form of money laundering.
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#3
KYC is used to identify the person using their exchange for trading and to be assured that the person who registered with them is trading with is account especially when trading large amount of coin.
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#4
It's because of the Anti-Money Laundering law and this investment company requires KYC process to ensure the safety.
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