Hey friends!
Let’s continue our series on Crypto Regulation — a topic that’s currently on the radar of anyone even slightly connected to digital assets.
In our previous posts, we’ve already touched on the general aspects of regulation, and today let’s talk about KYC and AML — the very procedures that either protect us or spoil the fun of decentralization (depending on your perspective).
KYC (Know Your Customer) is a requirement for exchanges and platforms to know who their users are. This includes document verification, address checks, and sometimes even source-of-funds inquiries.
AML (Anti-Money Laundering) is a set of measures designed to prevent money laundering through crypto.
What do you think — is this tightening of rules a necessary step forward, or a threat to crypto freedom? Let’s discuss in the comments!