RegulationFor CFO

“No KYC” Crypto Cards Tap Corporate Issuing Loopholes

Crypto card providers bypass KYC rules through corporate issuing loopholes

The Ledger Signal | Analysis

Feb 25, 2026·1 min read

Needs Review

Why This Matters

Why this matters: Finance leaders must understand emerging compliance risks as unregulated crypto spending cards exploit regulatory gaps that could expose their organizations to financial crime liability.

"No KYC" Crypto Cards Tap Corporate Issuing Loopholes

Cryptocurrency spending cards marketed as "no KYC" (Know Your Customer) are exploiting regulatory loopholes in corporate card issuing to bypass standard identity verification requirements. These offerings, which have gained attention on crypto social media, raise significant compliance and financial crime concerns for U.S. financial institutions, with some providers claiming privacy-focused legitimacy while others lack basic regulatory disclosures.

Originally Reported By

Substack

fintechbusinessweekly.substack.com

Why We Covered This

Finance teams need visibility into emerging payment infrastructure risks that could create compliance violations, audit findings, or financial crime exposure if employees or vendors use unregulated crypto cards.

Key Takeaways

Cryptocurrency spending cards marketed as "no KYC" (Know Your Customer) are exploiting regulatory loopholes in corporate card issuing to bypass standard identity verification requirements.

These offerings, which have gained attention on crypto social media, raise significant compliance and financial crime concerns for U.S. financial institutions.