It’s Time to Scrap AML/KYC Entirely
It’s Time to Scrap AML/KYC Entirely Source link
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It’s Time to Scrap AML/KYC Entirely Source link
“We’re mitigating risks linked to large sums of money with an EU-wide limit of 10,000 euros for cash payments. At the same time, we’re addressing risks posed by crypto and the anonymity is enables,” Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and Capital Markets Union said during a Thursday press conference on the […]
“Because we aggregate and standardize AML information, we can provide a comprehensive view of web3 wallets that meets the standards expected of compliance officers, as well as users seeking a holistic understanding of their digital asset portfolios.,” said Karim Chaib, CEO of Web3Intelligence. Source link
Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk. Source link