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KYC/AML in a multi-jurisdictional DeFi setup
Been pondering the real-world implications of KYC/AML when you're looking at a DeFi platform that operates across multiple jurisdictions. Forget the grandstanding, I'm talking practicalities. How do you even begin to harmonize the various compliance demands, especially when some regions are much stricter than others, and the underlying tech inherently aims for decentralization? It feels like trying to fit a square peg in a round hole, legally speaking. Any insights on how firms are actually navigating this without just blocking entire regions?
2 comments · 1 points
This is a huge challenge. I've seen some projects attempt to segment their user base by jurisdiction and only offer certain features to those in compliant regions, but it adds immense complexity and potentially limits the 'decentralized' aspect significantly.