What is KYC (Know Your Customer)?

The KYC procedure is an identity verification procedure. It is conducted by Tokenomica’s compliance team and partners (Sum&Substance and Blockpass). The main purpose of this procedure is to facilitate our system's compliance with Anti-Money Laundering laws (AML) and to protect our system from accidentally facilitating criminal activities.

How to pass KYC?

KYC Procedure takes a few minutes to upload necessary documents and provide basic information and up to 1 business day for Sum&Substance and our compliance team to approve that information.

You will be asked to share the following information: 

  • Your name and surname

  • Your contact details

  • You citizenship + your passport and proof of address

As for now, citizens from the following countries will not pass the KYC procedure: Afghanistan, Congo, Cuba, Democratic People’s Republic of Korea, Iran, Iraq, Lybia, Malta, Somalia, South Sudan, Sudan, Syrian Arab Republic, USA, and Yemen.