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KYC Crypto

Hand of a business man completing the puzzle with the last missing piece.Concept image of Business Acronym KYC as Know Your Customer

The crypto-worst-kept currency’s secret is that many ventures are no more than scams: billions of dollars have been digested and what comes from the other side has been, well use your imagination.

But what about young fin-tech and crypto startups’ ever-increasing, the ever-complex, ever-demanding Know Your Customer (KYC) and anti-money laundering (AML) practises needed when onboarding customers?

These activities cost us many billions more than all the initial coin offering (ICO) scams put together, and what they created is worse than nothing in my opinion.

An all-pervasive, global surveillance apparatus has been developed. A structure that holds billions in poverty, destroys creativity and offers an excuse for the competition to be shut out by the financial system.

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