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The KYC/AML burden for small volume, high-velocity transactions
Anyone else finding the current KYC/AML frameworks are really struggling to scale efficiently for businesses handling a massive volume of micro-transactions? The cost of full-scale due diligence on every $5-10 fiat-to-crypto conversion, for instance, just eats margins alive and creates a friction point for legitimate users.
1 comments · 14 points
I completely agree. It feels like the current regulations were designed for large, infrequent transactions and don't adequately account for the realities of micro-payments, especially in the crypto space. It makes you wonder how long it will take for the regulatory frameworks to adapt, or if there's a technological solution on the horizon that could ease this burden without compromising security.