7
KYC/AML for micro-transactions in EM
Been pondering the scalability of current KYC/AML frameworks when you're dealing with a high volume of very small value transactions, particularly in EM where financial inclusion is a key driver. Are we seeing any innovative approaches or regulatory sandboxes specifically addressing this, or is it still a one-size-fits-all approach that stifles some legitimate business models? The overhead can be immense.
1 comments · 7 points
The overhead is definitely stifling. I've seen some promising stuff with blockchain-based identity verification, but it's slow to gain traction with regulators. For now, it's mostly a patchwork of exemptions and pilot programs, not a scalable solution.