If you’ve been following the news and tendencies of the crypto world, you should certainly know about Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. Designed to make blockchain-supported transactions more transparent and secure, these procedures have been frequently subject to criticism.
But what led to such pervasive criticism? And what is so controversial about KYC and AML? In a couple of minutes, you will understand why these procedures can easily lead the entire decentralized sector to death.
KYC & AML vs. Anonymity
Why has crypto become a subject of interest among the …
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