The meaning of kyc is to know the user rules. If financial institutions cannot clearly identify users' true identities, they will be even more unwilling to lend to users, hindering financial inclusion, which is indispensable for the international community's efforts to create financial integrity and financial inclusion. According to relevant regulations of European regulatory agencies, Amazon needs to conduct real identity verification (commonly known as KYC verification) for merchants opening stores in European countries including the United Kingdom, France, Germany, Spain, and Italy. The above is the relevant content about what kyc means. What are the KYC review materials?

1. Industrial and commercial registration information: The industrial and commercial registration information is a scanned copy of the company's business license. Merchants must provide a clear color scanned version, and mainland companies and Hong Kong companies Each one is different. For mainland companies, it is a business license, and for Hong Kong companies, it is a company registration certificate plus business registration regulations;

2. Main mobile phone contacts and beneficiary documents: Here you need to provide a scanned copy of the passport of the relevant person. If If you do not have a passport or visa, you can provide a scanned copy of your ID card (front and back) and the personal page of your household registration. A beneficiary refers to an individual or legal person whose equity in the company is equal to or exceeds 25%;

3. Daily expense bills of the main contact and beneficiary: The merchant needs to provide a bill of any of the following expenses . For example, water, electricity, gas bills, fixed mobile phone bills, telephone bills, Internet bills, personal credit card bills, tax, insurance and personal social security bills, etc. The bills must be issued by formal public institutions;

4. Company expense bill: The merchant can provide a bill for any of the following expenses. Note: Under normal circumstances, mainland companies do not need to provide it, but Hong Kong and Taiwan companies need to provide it when applying to register a company;

5. Public account bank account statement: Merchants need to provide a company public account bank account statement , it can be set up by any bank;

6. The overseas bank account of the payee: The merchant can use the company's public account or the personal account of the company's beneficiary as the receiving account. Why does the cryptocurrency field also need kyc?

In the early stages of cryptocurrency, it was indeed anonymous. However, with the development of cryptocurrency, more and more people have become anonymous in recent years. Users with ulterior motives use cryptocurrency for illegal fundraising, money laundering, and selling prohibited items, which has attracted widespread attention. Therefore, with the joint cooperation of government departments and financial institutions around the world, the cryptocurrency industry must also implement KYC standards. The three elements required for general authentication are name, ID card and mobile phone verification. This article mainly writes about the knowledge points about what kyc means, and the content is for reference only.