KYC – Page 27 – Blockchain

Crypto mixers’ relevance wanes as regulators take aim

Cryptocurrency mixers offer users a higher level of privacy and anonymity for their transactions, but often run into trouble with regulators.

Certik, a Web3 and blockchain auditing and security firm, has raised $88 million in its recent B3 funding round. The round, which was led by

Regulators on both sides of the Atlantic seem to be nervous about people transacting with their wallets.

The proposed legislation would require exchanges to verify personal data behind any transaction.

Many privacy coin developers are convinced that all the necessary mechanisms to regulate AECs are already in place.

Decentralized exchanges must figure out how to up their Know Your Customer compliance before the regulation wave hits.