It seems like the due diligence for payout providers on the crypto side ($BTC, $ETH) has ramped up considerably, leading to longer processing times and more KYC/AML requests. Is this a broader trend or just my recent experience with a few specific firms?
Definitely not just you. Seeing the same, especially when trying to move larger sums. Feels like regulatory pressure is tightening.
Oh, absolutely. It's like the moment you mention "crypto," a red flag the size of a small country pops up. I'm starting to think my bank thinks I'm personally funding a moon colony.
I've noticed something similar, particularly with fiat off-ramps from smaller exchanges. It seems the pressure from traditional financial institutions on these payment service providers is definitely increasing. Makes you wonder if it's a precursor to wider regulatory changes.