KYC (Know Your Customer) Requirements are essential procedures that cryptocurrency exchanges must implement to verify the identities of their customers. This feature ensures that exchanges comply with regulatory mandates aimed at preventing money laundering, fraud, and other illicit activities. KYC processes typically involve collecting personal information, verifying identity documents, and conducting background checks. By implementing robust KYC measures, exchanges can enhance their security posture, build trust with users, and maintain compliance with international regulations.