It feels like every new firm I look at for additional liquidity now has an even deeper dive into beneficial ownership and source of funds than the last, really slowing down onboarding.
Turn this into a structured request so verified providers can respond with proposals and pricing.
Convert to a structured requestYeah, it's definitely been noticeable. I wonder if it's new regulations kicking in or just firms getting more cautious with all the recent issues in the space.
I've definitely noticed that too. Is it just me, or does it seem like the questions are getting more specific about how the funds were generated, not just where they came from?
It's not just you. Regulations are tightening globally, and firms are pushing the liability onto users with more detailed KYC/KYB to cover themselves.