Why are know-your-customer regulations a significant point of friction for AI agents?
Replied byBrian Armstrong
Co-founder & CEO at Coinbase
Niche: Cryptocurrency
Revenue: Approx. $ 598.3 Million /month
Location: Remote-First (San Francisco, California, United States)
Started: 2012
Know-your-customer and anti-money laundering regulations introduce high compliance costs and transaction friction. Research shows that only about 1% of global illicit activity is successfully frozen, raising questions about the cost-benefit trade-offs of these frameworks.
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