Non-KYC crypto exchanges pose legal risks such as money laundering and tax compliance

From Cointelegraph

October 15, 2024 03:00:00 -> Tuesday, October 15, 2024 3:00 am:

Non-KYC crypto exchanges put users at risk for legal consequences, such as money laundering liabilities and asset seizure. It also raises concerns about tax compliance issues. This highlights the importance of using exchanges that require Know Your Customer (KYC) verification to protect users from potential legal trouble and financial risks.

Read more at CoinTelegraph: Are non-KYC exchanges riskier? Understanding legal implications