Onshore KYC and offshore resilience
Watching the latest push for more stringent KYC/AML even on smaller transactions onshore, I can't help but wonder if some of these newer, 'digitally native' offshore banks are actually better positioned for long-term resilience. Traditional institutions are bogged down in legacy systems and regulatory capture, whereas a lean, compliant offshore entity might navigate future compliance landscapes with more agility, even if their current $ADA or $AAVE accounts are scrutinised. Or am I just seeing the grass greener on the other side? Push back.
That's an interesting perspective. I'm curious if the 'digitally native' offshore banks are truly able to sidestep the same regulatory burdens, or if they're simply on a different, perhaps delayed, compliance timeline that will eventually catch up.