非传统资产类别的KYC/KYB - 具体挑战？

It's like trying to fit a square peg into a round hole, except the hole keeps changing shape and the peg occasionally morphs into a jpeg of a cat. Regulators seem to be playing whack-a-mole with new asset classes, which makes compliance feel less like a strategy and more like a guessing game.

It often feels like regulators are still playing catch-up, trying to fit square pegs into round holes with existing frameworks. The 'emergent regulatory demands' seem to be more about applying old rules to new assets rather than creating tailored classifications, which causes a lot of friction.

We've definitely felt this. The lack of clear guidance makes compliance a moving target, especially when dealing with assets that blur the lines between collectibles and investment vehicles. Are you finding different regional approaches, or is it a global uncertainty?