Cryptocom register

The card type verification error, also called the CV error, means the type of card being used is not supported. It may mean your account does not allow you to accept payments of this type. These errors are most common with American Express and Discover cards. If not, this error could also indicate an issue with your merchant account. Measures regulated by the new cryptocurrency legislation Tried to verify too:

While KYC’s main purpose is to help ensure compliance with Bank Secrecy Act regulations, its processes are commonly combined with anti-fraud tools that can help crypto companies stop bad actors from using their platforms. That’s because platforms with robust KYC can link a fraudulent or manipulative transaction back to the scammer’s identity, making the chances of getting caught much higher. Take the next step Both KYC and AML describe a set of regulations from both federal bodies like the Securities and Exchange Commission (SEC), the Department of the Treasury, the Federal Trade Commission (FTC), and of course governments across the world that collectively combat the movement of corrupt or stolen money. Not to mention, proponents of KYC/AML measures believe that taking every crypto user’s name, photo ID, etc. can counteract financial fraud and terrorist financing.