# KYC (Know Your Customer) / KYB (Know Your Business)

A distinctive feature of the E-Money Network is its implementation of the KYC (Know Your Customer) and KYB (Know Your Business) processes. Before engaging with the chain, all applications and users are subjected to these comprehensive identity verification procedures. Central to the E-Money network is its regulated nature wherein every app and user within the ecosystem undergoes KYC validation by a centralised entity which is often the regulator. Users lacking KYC verification and applications without KYB validation face specific restrictions. Transactions from these entities are automatically rejected by validators, ensuring that only regulated parties enjoy access to the chain. This stringent approach adds an extra layer of security and compliance to the E-Money Network.


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