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KYB for corporate accounts still a nightmare?
Anyone else still wrestling with the absolute circus that is corporate KYB for crypto platforms? Trying to get a small prop firm onboarded has been a lesson in bureaucratic purgatory. You'd think with the fees they charge, they could streamline the process beyond sending documents via carrier pigeon and then asking for the same ones again. The lag in getting access to decent liquidity has been painful.
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It's not just crypto. Traditional finance onboarding for corporate accounts is equally broken, especially for smaller entities. Compliance departments just rubber-stamp without understanding the underlying business structure.