Resources

Guides

Know Your Customer (KYC) is the process of verifying customer identities and background to meet Anti-Money Laundering (AML) requirements. In the crypto industry, KYC has become essential for exchanges and wallet providers to operate legally and safely. KYC for crypto typically involves a set of steps during user onboarding to confirm who the customer is and assess their risk – steps which are legally required under financial regulations​. By implementing robust KYC procedures, crypto platforms can deter illicit activity; vigorous identity checks make it much harder for criminals to launder money or commit fraud through an exchange, effectively dissuading bad actors from using that service​. This not only protects the business and its users from fraud and theft, but also builds trust, allowing crypto exchanges and wallets to integrate with the broader financial system. In short, strong KYC compliance helps legitimize the crypto industry, making it safer and more credible for everyday users and regulators alike.

Whitepaper

Online gaming and gambling operators face stringent legal obligations to prevent underage participation. Around the world, regulators have enacted laws to ensure that only individuals above a minimum legal age (usually 18 or 21) can gamble online. Compliance with these age verification laws is not only a legal mandate but a core component of responsible gaming practices. Failure to keep minors out can lead to hefty fines, license revocations, and reputational damage for operators. For example, in the UK, even a single instance of a 16-year-old placing a small bet led regulators to impose penalties amounting to 2.5% of annual revenues on the bookmakers involved​, illustrating how serious the enforcement can be.

Report

Digital identity verification has become a cornerstone of the modern digital economy, underpinning everything from banking to government services. As we enter 2025, the landscape of remote identity verification is undergoing a major transformation, driven by rapid technological advancements, increasing fraud threats, and tightening regulations. This evolution aims to meet growing security and compliance needs while maintaining a seamless user experience. The following report explores key trends shaping digital identity verification, the challenges that lie ahead, industry-specific applications, and a forward-looking outlook with recommendations for businesses and regulators.

Crypto

Cryptocurrencies have revolutionized finance with promises of decentralization and anonymity. However, as the industry matures, it faces growing scrutiny and regulation. Know Your Customer (KYC) procedures have become a cornerstone of compliant and trustworthy crypto services. In simple terms, KYC means verifying the identity of users. This article breaks down what KYC is and why it’s essential for crypto, how KYC works on exchanges and other blockchain platforms, the regulatory requirements behind it, benefits for both individuals and businesses, common challenges, and why having a reliable identity verification solution (like bynn.com) is so important for businesses in the crypto space.

Articles

Identity verification is a critical checkpoint in user onboarding – but it's also a common point where users abandon the process. Losing users at this stage (“drop-off”) can be costly, wasting the marketing and acquisition efforts that brought them to sign up in the first place. This article examines why users drop off during KYC (Know Your Customer) or KYB (Know Your Business) checks and outlines best practices to keep them engaged. We’ll also look at how Bynn.com’s identity verification services apply these best practices to improve completion rates, and review some data on how streamlining verification boosts user retention.

Guides

Understanding KYB (Know Your Business) – A Guide to Business VerificationIntroductionIn today’s global business environment, compliance and trust are more crucial than ever. Financial crimes like money laundering and fraud are on the rise – an estimated $800 billion to $2 trillion is laundered globally each year​ – pushing regulators to tighten oversight. This is where Know Your Business (