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DeFi Compliant KYC

This page describes how users can register their identifying information to verify their identity and legally operate in a DeFi environment.

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Know-Your-Customer (KYC) protocols are among the most basic legal requirements that regulated financial institutions must follow. This is done for two reasons:

Know-Your-Customer (KYC) protocols are among the most basic legal requirements that regulated financial institutions must follow. This is done for two reasons:

Know-Your-Customer (KYC) protocols are among the most basic legal requirements that regulated financial institutions must follow. This is done for two reasons:

The CRD Network is building a KYC system that will allow you to sidestep third-party KYC checks once we add more partners to the network. The idea is that you register once and you’re never bothered with KYC again on the CRD Network, or any of its future partners.

Unlike many crypto-projects out there, we care for your safety and doing things legally. At the moment, the sector is somewhat unregulated. But when the long arm of the law crashes in, any unprepared entity and its users will be in danger.

We want to avoid that, get ahead of the curb, and meet the difficulties head-on before they become a problem. As such, after safely logging your details we will add a KYC hash into your crypto wallet address; and through our identification system and Hyperledger hash validation nodes, we will write into the Ethereum mainnet that you are a trustworthy account.

This will allow you to be able to file taxes easier or be able to issue proof of funds for legacy banks that might be a bit hesitant to accept money from DeFi.

KYC Use Case

KYC as a service

Know-Your-Customer (KYC) protocols are among the most basic requirements for financial institutions around the world. It involves understanding the user’s identity...

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