How Do KYC & AML Work in Crypto? (Explained)
What are AML and KYC in crypto?
While the topic of cryptocurrencies is one full of exciting prospects and innovative ideas, it also has a legal side to it, as well. When it comes to crypto legalities, you are bound to find concepts such as KYC & AML mentioned practically everywhere.
In this video, I am going to tell you about what is AML and KYC, in crypto. We’ll explore both of these concepts, and how they manifest in regards to cryptocurrencies. I will also tell you about why KYC is such a controversial topic among crypto enthusiasts, and what the future of crypto regulations might look like, too.
Have you ever used a cryptocurrency service that would require you to pass KYC & AML checks? Share your experiences in the comments below!
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Video Time Table:
0:00 Introduction to How Do KYC & AML Work in Crypto
1:11 What is KYC & AML?
5:01 KYC & AML Controversy in Crypto
6:56 The Future of KYC & AML
8:30 Wrap-up: How Do KYC & AML Work in Crypto
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