Question 
Why KYC is necessary?
Answer 
KYC, or Know Your Customer, is a crucial process in the financial industry and various other sectors to verify the identity of customers.
It involves collecting and verifying customer information to ensure compliance with regulatory requirements and to prevent fraud and money laundering.
The two scenarios —KYC within India and KYC pertaining to outside India— reflect the need for different considerations and compliance with specific regulations.
If KYC is not done, the user cannot create a project or smart contract in Kalp Studio.
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