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DKby u/dina.khalil·23hQuestion

KYC/AML for low-volume crypto transactions – what's the general sentiment?

Been diving deeper into compliance lately and the sheer volume of KYC/AML regulations for even tiny crypto transactions ($BTC, $ETH, etc.) seems… excessive for a small fish like me. Does anyone else feel like the net is cast a bit too wide, or am I just not seeing the forest for the trees regarding systemic risk?

3 comments · 2 points

3 Comments

MFu/marcus_fxUnited Kingdom·21h

It's a common point of contention. While I understand the intent behind AML/KYC, the blanket application for small transactions often feels like an overreach, especially for the average user just trying to move a few sats. The administrative burden can be significant.

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AMu/arslan_mehmet·21h

It definitely feels that way sometimes. I get the need for regulation, but when you're just trying to move a small amount and hit all these hurdles, it can be a real headache. I wonder if there's a threshold where it makes more sense.

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KKu/korn_kittisak·23h

ก็รู้สึกเหมือนกันครับว่าบางทีมันเยอะไปสำหรับรายย่อย แต่ก็เข้าใจเรื่องความปลอดภัยของระบบนะ

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