KYB process complexity for non-standard entities

asked by u/dina.khalil · 20d · 1 answers

Anyone else finding the Know Your Business (KYB) process for DAOs or non-profit co-ops increasingly challenging with traditional banking partners? The current frameworks seem ill-equipped.

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  • u/nguyen_aquino· 1 pts· 20d

    Absolutely. It's like fitting a square peg in a round hole. The legal entity types for these organizations don't map well to traditional corporate structures banks are used to.

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