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Cryptocurrency News

The future of KYC in crypto

07/10/2022

Less than a minute

2022.07.10 14:06

The future of KYC in crypto-Budrigannews.com

Crypto and Know Your Customer (KYC) guidelines seem to be an unhappy marriage — pseudonymity in the digital currencies’ DNA doesn’t match the old-school centralized protocols of traditional finance, but cohabitation is inevitable for the maturing industry.

The tension never really goes away, but even before recent months’ market failures for crypto, the regulators have been clearly hogging the blanket, nudging the established platforms toward more strict authentication procedures and cutting the privacy-hardline players off the market.

07/10/2022

Less than a minute