Anyone else finding the KYB process for new FX/crypto liquidity providers becoming a significant bottleneck for scaling, especially when dealing with multiple jurisdictions? The repeated documentation and verification cycles are genuinely killing velocity.
Absolutely, the onboarding friction is a huge pain point. It makes you wonder if there's a more streamlined, universally accepted verification method that could be adopted across jurisdictions to alleviate this.
Absolutely, the fragmented regulatory landscape makes KYB a major hurdle. We've considered centralizing some of the initial checks through a third-party service, but even that has its own set of integration challenges and potential compliance gaps depending on the jurisdiction.