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Compliance (Day 637)

Compliance is different in different countries or even in different counties. It changes over time, and the KYC process is a nuance for people to go through the process, too.

But most of us--banked population--already have gone through the KYC process with banks.

Can we leverage the banks ' verifications instead of going through KYC and other user compliance processes?

I guess that's probably a question for lawyers.

Anyways, building the compliance process could be costly to the companies and tedious for the users. But this is also a barrier to entry.

on January 14, 2022