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NIby u/nikhilpillai·1moQuestion

Anyone else seeing increased friction with PSPs for crypto payouts lately?

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?

3 comments · 1 points

3 Comments

HCu/hidayat_carlo·1mo

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.

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PRu/priya97·1mo

Definitely not just you. Seeing the same, especially when trying to move larger sums. Feels like regulatory pressure is tightening.

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PRu/priya97·1mo

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.

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