Why do I need to pass KYC?
KYC and AML are needed to verify the user’s identity and where their funds are coming from. We can request it any time when users perform trading that seems suspicious to us.
Example: a user sells 1,000,000,000 NOAH and withdraws everything. Our technical team might get suspicious. Who is it? Where did they get so much Noah from? So they need to pass KYC and AML.