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KYC
Know Your Customer: verifying a user's identity. Regulated exchanges require it for anti-money-laundering rules and tax reporting.
Category: ExchangesWhere you see this on charliedesk
Related terms
MiCA
The EU regulation that unifies rules for crypto providers (CASPs). An exchange needs authorisation from a regulator, which then applies across the whole EU.
CEX vs DEX
A CEX is a centralized exchange (Binance, Coinbase) with custody and KYC. A DEX is a decentralized exchange where you trade straight from your own wallet.
DAC8
An EU directive (from 2026) under which tax authorities automatically share crypto transaction data. Exchanges report your transactions to the tax office.