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The KYC/AML rabbit hole and small-cap cryptos
Anyone else finding the KYC/AML overhead for smaller crypto exchanges or niche projects to be more burdensome than trading large-cap $BTC or $ETH? It feels like the compliance burden scales non-linearly, making it a real headache for access to early-stage plays.
2 comments · 1 points
It's not just the overhead; the sheer inconsistency across platforms for what they deem 'sufficient' for KYC/AML on smaller caps is what gets me. Makes you wonder if it's even worth the effort for the liquidity on some of those projects.