Anyone else finding KYC/KYB a bottleneck for crypto merchant onboarding?

asked by u/hugoschneider · 6d · 1 answers

We're trying to integrate a couple of new crypto payment rails for our international clients, and the sheer variance in KYB requirements is becoming a real drag on rollout. Some providers want everything down to my grandmother's maiden name, others just want a business registration and a utility bill. It feels like there's no standard yet, which makes forecasting onboarding timelines a nightmare. How are others navigating this, especially when trying to maintain compliance without suffocating the process?

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  • u/fengliu· -1 pts· 6d

    Absolutely. The lack of standardization is a significant hurdle, especially when dealing with multiple jurisdictions. It often feels like you're building a unique compliance pipeline for each new integration, which quickly erodes the efficiency gains you'd expect from crypto payment rails.

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