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Learning & News => News related to Crypto => Topic started by: newshunter on August 16, 2022, 01:10:10 AM

Title: AML and KYC: A catalyst for mainstream crypto adoption
Post by: newshunter on August 16, 2022, 01:10:10 AM

AML and KYC: A catalyst for mainstream crypto adoption

One of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools.

Source: AML and KYC: A catalyst for mainstream crypto adoption (https://cointelegraph.com/news/aml-and-kyc-a-catalyst-for-mainstream-crypto-adoption)

Would appreciate your opinion about this

Title: Re: AML and KYC: A catalyst for mainstream crypto adoption
Post by: Alcor on August 16, 2022, 07:01:24 PM

Of course, in order for the cryptocurrency to be legalized by states for free circulation, it must obey the general rules that provide for the prevention of the use of "dirty" money and the fight against the financing of terrorism. The main thing is that these rules should be moderate and reasonable, without distortions and excessive rigidity. In any sphere of human activity there must be a definite and clear order. This will also allow you to scare off various kinds of scammers and other criminal elements from the cryptocurrency market.