What is KYB and why it is required
What is KYB?
KYB stands for Know Your Business. It is a verification process used to confirm the identity, ownership, and legitimacy of a business before it can access financial services.
KYB helps ensure that a business is real, properly registered, and operating within regulatory requirements.
Why does Bitnob require KYB?
As a financial platform, Bitnob complies with global anti-money laundering (AML) and counter-terrorism financing (CTF) regulations to help protect our customers and the broader financial ecosystem.
KYB helps Bitnob:
- Verify that businesses using our platform are legitimate
- Prevent fraud, money laundering, and financial crime
- Meet regulatory and compliance obligations
Is KYB mandatory for all business accounts?
Yes. KYB is mandatory for all Bitnob Business accounts before full access to our services is granted. This ensures a secure and compliant environment for all users.
How long does the KYB process take?
KYB reviews are typically completed within 24–48 hours once all required documents are submitted correctly. Delays may occur if additional verification is needed.
Why is KYB important for businesses?
KYB protects businesses by ensuring they operate within a trusted financial ecosystem. It also enables access to compliant financial services, partnerships, and global payment infrastructure.