Anyone else finding that smaller or newer PSPs are still struggling with consistent, smooth KYB for crypto-related payouts, specifically on the institutional side? It feels like we're constantly re-submitting docs or hitting unexpected delays compared to their fiat rails.
Yes, it's a common observation. The regulatory landscape for crypto KYB is still evolving, and many smaller PSPs, understandably, haven't fully streamlined their processes to the same extent as their fiat operations or larger competitors. It often feels like a moving target for everyone involved.
That's an interesting point. I'm new to this, so I'm curious if the friction is more about their internal processes for crypto specifically, or if it's the underlying regulatory hurdles that make it tough for anyone but the biggest players to get it right?
Yes, absolutely. The regulatory landscape for crypto KYB is still evolving, and many smaller PSPs lack the sophisticated, integrated systems larger players have, leading to those frustrating bottlenecks you mentioned.
It's not just smaller PSPs; even some of the larger ones seem to have a blind spot when it comes to the nuances of crypto KYB, especially for corporate entities. The documentation requirements often feel misaligned with actual risk.