Cunoaşterea clientelei pe piaţa criptoactivelor – între teorie şi practică
Know Your Customer on the Crypto Assets Market – Between Theory and Practice

Summary/Abstract: Knowing Your Customers is a way to avoid fraud or involvement in criminal activities, such as money laundering or terrorist financing. KYC measures are important for both business and customers, and although the best known to the public KYC measures are those applied by the banking environment, the legislation has extended the obligation to apply these measures to other financial, non-financial institutions and service providers. A novelty regarding KYC is the obligation of exchange service providers between crypto assets and fiat currency to apply measures to know the customers, on the background of the specificity of these assets and taking into account the fact that these providers operate in an unregulated market.

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