Improving AML/KYC Compliance Will Be a Differentiator Says Exec
Trulioo said improving compliance for AML and KYC can be a big differentiator for crypto companies. The ability to verify documents and comply with anti-money laundering (AML) and know-your-customer (KYC) requirements is now a differentiator for crypto firms, said identity verification provider Trulioo. Anatoly Kvitnitsky, Trulioo’s vice president for growth, told Cointelegraph that as crypto crosses many borders, those who want to stand out and maybe attract those looking to exchange crypto to fiat or vice-versa compliance with regulatory requirements. “It is a good idea to improve the crypto world’s approach to compliance, especially as exchanges become more and more common,” Kvitnitsky said.
Coin Telegraph - 20th Jul 01:07