KYC in Crypto: Navigating Regulatory Requirements While Preserving Privacy
KYC in Crypto: Navigating Regulatory Requirements While Preserving Privacy
🕵️ KYC: Friend or Foe?
A new analysis examines the ongoing challenge of KYC (Know Your Customer) requirements in cryptocurrency:
- Why KYC continues to be mandatory despite decentralization goals
- How it impacts user privacy and protocol development
- Innovative approaches projects are taking to balance compliance and privacy
The article explores Know Your Peer alternatives and practical solutions for maintaining regulatory compliance while preserving crypto's core values.
KYC isn’t just a necessary evil or a relic of the past - it’s a reality we still have to navigate in crypto. In this article, @JosefJ_ pragmatically examines why it's still a thing and how projects tackle “Know Your Peer” challenges. Read more here👇 pwn.mirror.xyz/ixMXjnUJPZuiJ3…
Still navigating the KYC maze in crypto? And aren't we all? @JosefJ_ breaks it down: why it persists, where it hurts, and how projects innovate beyond it. Catch up with our newest article here: pwn.mirror.xyz/ixMXjnUJPZuiJ3…
PWN Launches Hedge Notes on Base Network
PWN has expanded its Hedge Notes offering to the Base network, following recent launches on Linea. The product offers: - Fixed-rate loans backed by BTC or ETH - Guaranteed terms without surprise liquidations - Instant stablecoin access for borrowers - Fixed returns for lenders Hedge Notes aims to provide stability and predictability in DeFi lending. Users can access the service through [PWN's app](https://app.pwn.xyz/featured-strategy/base) and learn more in their [detailed blog post](https://pwn.mirror.xyz/lq-Hn1q9rglb207eldW7G02lhZTAmyXdCbyA9dgCvXI). Try Hedge Notes today to make your Base assets work more efficiently.
PWN DAO Launches Ambassador Program
PWN DAO has announced the launch of its Ambassador Program, targeting individuals passionate about DeFi and money markets. The program offers a chance to join a community of advocates, educators, and innovators in the decentralized finance space. Key points: - Open to DeFi enthusiasts - Focuses on education and advocacy - Aims to build a dynamic community Interested parties can find program details and access the onboarding form via the PWN blog. This initiative aligns with the growing trend of DAOs engaging community members to drive adoption and innovation in the Web3 ecosystem.
PWN Introduces Multi-Stablecoin Lending Feature
PWN has launched a new feature allowing lenders to use multiple stablecoins (USDC, USDT, and DAI) in a single offer. This update brings: - Ability to commit various stablecoins in one transaction - Simplified lending process - Streamlined flexible lending Key points: - Funds only leave your wallet when a loan is established - Other proposals are automatically canceled upon loan setup This feature aims to make lending on PWN smarter and more efficient. Users can start using this new functionality at pwn.xyz.