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Title: AML v. KYC & When it Matters in Cryptocurrency Post by: secattorney on January 02, 2018, 05:02:00 PM I've found that there is some confusion btw AML and KYC and what the requirements of each entail
The other question, which is unclear in my opinion, is to what degree does a non-"money service business" crypto based entity have to comply with AML & KYC always open to your thoughts/opinions See: https://youtu.be/e00e3g4ACtY (https://youtu.be/e00e3g4ACtY) Title: Re: AML v. KYC & When it Matters in Cryptocurrency Post by: carlfebz2 on January 02, 2018, 07:51:54 PM I've found that there is some confusion btw AML and KYC and what the requirements of each entail This AML and KYC would really be seen mostly on Exchanges which we do know they are being regulated by the government on where they do reside which means taxes and implementation of laws would really be applied this is why we do see most of them will really require such documentation specially if a certain trader is already involving on big amounts which you would really be obliged to follow up rules.The other question, which is unclear in my opinion, is to what degree does a non-"money service business" crypto based entity have to comply with AML & KYC always open to your thoughts/opinions See: https://youtu.be/e00e3g4ACtY (https://youtu.be/e00e3g4ACtY) |