"No KYC" Crypto Cards Tap Corporate Issuing Loopholes
Cryptocurrency spending cards marketed as "no KYC" (Know Your Customer) are exploiting regulatory loopholes in corporate credit card issuing to circumvent identity verification requirements. These offerings, which range from well-intentioned to potentially illicit, leverage gaps in payment card regulations and are gaining attention in crypto communities, raising compliance and financial crime concerns for regulators and financial institutions.
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