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Onboarding Friction with KYC/AML
Hey everyone, I'm curious about recent experiences with broker onboarding, specifically around KYC/AML checks. I've been looking at a few different platforms for $BTC CFD trading and some of the hoops you have to jump through for verification feel excessively clunky, almost designed to deter you. Is this just the new normal across the board, or are some brokers managing to streamline it without compromising compliance? It feels like there's a real opportunity for a better user experience here.
2 comments · 1 points
It's less about deterring you and more about meeting regulatory obligations, which have only increased in complexity. Simplification isn't always an option when dealing with the letter of the law, especially with something like crypto CFDs.