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> AML, BSA, KYC, Anti-Fraud. These are a few of the things that slow down the transfers and add to the cost. A lot of people think they're a feature, not a bug.
by KptMarchewa 3y ago
> AML, BSA, KYC, Anti-Fraud. These are a few of the things that slow down the transfers and add to the cost. A lot of people think they're a feature, not a bug.
This is why you have to harden system at the fringes, not in the middle as old clearing systems did.
- eropple 3y agoIdeally, but now you're trusting the edge. It can be done. It's also a lot harder, and requires a lot more investment in places that were not considered things to care about when those old systems were created. Some things have improved over time, turns out.