Cryptocurrency and Blockchain Dictionary
A complete list of crypto definitions
Cryptocurrency and blockchain glossary
Commonly used terms in the world of blockchain and cryptocurrency
Terms commonly used in the world of blockchain and cryptocurrency
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Anti-Money Laundering
AML is the abbreviation for ‘anti-money laundering. AML stands for policy and legislation on money laundering. This prevents illegally acquired funds from being converted into a legal variant. Within the crypto world, it is no longer unusual for AML techniques to be used by exchanges and wallets.
This term is often used as AML/KYC, where KYC stands for ‘ Know your customer’ Hence cryptocurrency exchanges and related firms are looking forward to preventing money laundering cases within the crypto industry. As you already know there are many people who are misusing the anonyms trading feature of crypto exchanges. Anti-money laundering or AML is closely related to KYC on different crypto trading platforms. So the different exchange platforms can fight against money laundering with Know Your Customer service.
AML is the abbreviation for ‘anti-money laundering. AML stands for policy and legislation on money laundering. This prevents illegally acquired...Other Important Terms
Decentralized Autonomous Organizations
DAO is an abbreviation of ‘Decentralised Autonomous Organization’. This is basically an...Cold Storage
Cold storage refers to storing cryptocurrency in a place where the private key cannot be accessed vi...Block Reward
The block reward is the payment that is offered to the node that is securing the blockchain. In the...2 Factor Authentication (2FA)
2 Factor Authentication is a double-layer security measure. Most crypto exchanges use it. In order t...Block explorer
A block explorer is an online service to track blockchain transactions. It usually is a website wher...Cryptocurrency News