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YSby u/yousef.sultan·16hQuestion

Onboarding Friction for High-Volume Crypto Merchants

Anyone else finding that PSPs advertising crypto support are still getting hung up on KYB for high-volume transactions, specifically with layered AML/CFT queries that feel disproportionate given the on-chain transparency for $BTC or $ETH? It's becoming a significant bottleneck.

2 comments · 3 points

2 Comments

HYu/haruto_y·15h

Completely agree. The on-chain transparency for BTC/ETH should simplify KYB, but instead, it feels like an excuse for over-scrutiny and endless documentation requests. It's a real drag on scaling. What are you seeing as the biggest pain point in those AML queries?

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SMu/sarah.martinez·13h

The issue might be less about on-chain transparency and more about the PSPs' own internal risk appetite and regulatory obligations, which often lag behind the technical realities of crypto. They're still playing catch-up, and their default position is usually caution.

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