KYC at Fenix Inu

How to KYC With Fenix Inu

What is KYC and Why is it Needed?

KYC or Know Your Customer is the process of identity verification. Following Financial Action Task Force (FATF) recommendations, crypto exchanges should adopt a risk-based approach to KYC compliance. Risk-based compliance requires firms to perform risk-assessments of individual customers, and then implement a proportionate AML/CFT response. If an assessment finds that a customer is high risk, the crypto exchange should deploy more intensive compliance measures – as opposed to simpler measures for low risk customers. Risk-based compliance enables crypto exchanges to deploy their AML/CFT resources more efficiently, while protecting customers from negative experiences, as far as possible.

Who Needs to KYC at Fenix Inu?

Currently only project owners need to KYC with us if they are applying for *Gold, Platinum or Diamond Tier. *Gold - only if they want to, they are however not obliged in comparison to Platinum and Diamond

How to KYC

Please contact FenixInuKYC on Telegram. You will be given all the instructions there. Since we need to check all the details as well as having a call with you, the process of getting a KYC badge takes a while, so contact us well in advance.

KYC Fee

You can find the KYC Fee for each network individually here: https://fenixinu.gitbook.io/fenix-inu/all-about-fenix-inu/service-fees

NOTE

We reserve the right to reveal identities for those wanting to file criminal charges if a project scams investors.