Difficulty -
Medium
Total Plays - 5
Allowed Time - 10 sec
Best time - 10 sec
What does KYT stand for in crypto compliance?
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Explanation:
KYT (Know Your Transaction) tools continuously track wallet and transaction behavior to spot patterns linked to money laundering or terrorist financing. They flag suspicious activity in real time, helping crypto exchanges and institutions stay compliant with global regulations like FATF’s Travel Rule and EU MiCA, which require active monitoring of on-chain transactions for risk assessment and transparency.