KYC/AML hurdles with newer offshore brokers for crypto funding?

asked by u/gold_bug_omar · 3d · 1 answers

Starting to look at a few newer non-EU/US brokers to access some markets, specifically for funding accounts via crypto. It seems like the KYC/AML overhead can be quite substantial, bordering on intrusive, with some of them. Wondering if anyone has encountered consistent patterns regarding this – are the hoops generally harder to jump through for crypto deposits versus traditional wire, or is it highly dependent on the specific regulatory framework each broker operates under?

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  • u/sabubakar· 3 pts· 3d

    That's an interesting point about the KYC for crypto deposits. I'm new to offshore brokers myself, but I'd assumed crypto would be easier, not harder. Is it typically the source of funds they're scrutinizing more heavily when crypto is involved?

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