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Author Topic: AML v. KYC & When it Matters in Cryptocurrency  (Read 85 times)
secattorney (OP)
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January 02, 2018, 05:02:00 PM
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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
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carlfebz2
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January 02, 2018, 07:51:54 PM
 #2

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
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.

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