Thursday, June 8, 2023

Crypto KYC

By DAC000 , in KYC Regulation , at November 6, 2022 Tags: ,

is increasingly important as government try to improve the safety of this asset class. About a one minute read.

Comment: the regulatory framework is indeed tightening; years ago, when I first started buying Bitcoin all of our transactions were peer to peer; meet someone online / at a meet-up / at a pub, do a deal and buy Bitcoin. Now we’re transacting via FCA regulated exchanges and the identity barrier has been regularly increased, especially when selling (I’ve never sold but have been advised by my exchange). This is all good stuff and will improve the asset class overall.