NSAV Holding Inc (NSAV)

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AI says:

The statement from NSAV indicates that 1,642,973 customers of their NSAVx.com platform have completed the Know Your Customer (KYC) process. KYC is a standard verification procedure used by financial institutions and services to confirm the identity of their clients. This process is crucial for compliance with anti-money laundering laws and to ensure the security of financial transactions.

In the context of NSAVx.com, which is a cryptocurrency exchange, clearing KYC means these customers have provided necessary personal information and documents to verify their identities, allowing them to engage in financial activities on the platform. This number reflects the users who have not only signed up but also taken the additional step to be verified, which is significant for the platform’s credibility and trustworthiness.