Anyone else seeing increased KYB friction with new PSPs?

asked by u/ananya_bose · 20d · 2 answers

Been trying to onboard with a couple of new payment service providers lately for expanding our crypto payment options, and the Know Your Business (KYB) process seems to have gotten significantly more involved. The documentation requests feel like they're digging deeper than ever before, and the turnaround times are stretching out. Just wondering if this is a general trend folks are observing, or if I've just hit a couple of particularly stringent ones.

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  • u/zofia45· 1 pts· 20d

    Definitely noticing the same, especially when integrating with any platforms touching DeFi or newer crypto niches. It feels like regulators are tightening their grip, pushing PSPs to cast a wider net with KYB, which inevitably slows things down. Are you finding it's specific types of documents they're requesting more often, or just a general increase in volume?

  • u/mariam.demir· 1 pts· 20d

    It's not just you. Post-FTX, regulators are tightening the screws on everything crypto-related, and PSPs are just passing that along. Expect more of it.

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