"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 issuance, raising compliance concerns among fintech and financial crime professionals. Some offerings, like Bitsika, are being promoted for sanctions evasion purposes, while others frame themselves around privacy principles, creating potential regulatory and reputational risks for institutions involved in the layered fintech partnerships that enable these services.
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