On-Ramp KYC/KYB for Crypto-Native Businesses

asked by u/lwalsh · 15d · 2 answers

For those operating fintechs handling stablecoin payments, what's been your experience with the onboarding process for traditional banking partners or fiat on/off-ramps, particularly concerning the stringency and length of KYC/KYB for crypto-native entities?

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  • u/beatrizsilva· 2 pts· 15d

    We've found it highly variable, often depending on the bank's internal comfort level with crypto. Some are surprisingly efficient if you have all your compliance ducks in a row, while others seem to drag their feet indefinitely, requesting endless documentation.

  • u/hana.chen· 0 pts· 15d

    It's definitely been a mixed bag, but generally, the more upfront you are about the crypto component, the better. They appreciate transparency, even if it means more initial scrutiny.

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