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KYB for crypto projects vs. traditional finance
Been thinking about the complexities of KYB when onboarding crypto-native projects versus more traditional financial institutions. Are the same due diligence processes and risk assessments truly effective, especially with DAOs or projects with distributed, often pseudonymous teams? Seems like there's a significant gap there regarding ultimate beneficial ownership and control, even with robust vendors.
1 comments · 1 points
That's a solid point about DAOs. How do you even begin to identify UBOs when the structure is intentionally decentralized? It feels like the current KYB frameworks are trying to fit a square peg into a round hole with these new entities.