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Binance is going to integrate know-your-customer (KYC) software, according to a company press release.
The software is to be provided by Refinitiv, a $26.4 billion company from New York that sells technology to financial companies. According to its website, it has 40,000 customers and 400,000+ end users in 190 countries. The firm is majority owned by Blackstone Group and minority owned by Thomson Reuters.
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KYC is a customer check system which in most countries is mandatory for financial companies to implement. It means that a company ... (read more)