Is KYC for Carbon Tokens Killing Innovation? | Web3Carbon Week#38
carbonflippening.substack.com
Friends, + Will KYC Kill Innovation? + News from 9 projects + 2 new projects in the directory + Some weekend reads Will KYC Kill Innovation? In May 2022, when ☑️ Verra (Registry) grinded carbon credit tokenization to a halt, it demanded KYC (Know-your-Customer) measures from web3 protocols. That course of action is well understandable from Verra’s point of view, as intermediaries need to make sure to comply with financial regulations (i.e. anti-money laundering AML) for which some sort of KYC is a requirement in most jurisdictions.
Is KYC for Carbon Tokens Killing Innovation? | Web3Carbon Week#38
Is KYC for Carbon Tokens Killing Innovation…
Is KYC for Carbon Tokens Killing Innovation? | Web3Carbon Week#38
Friends, + Will KYC Kill Innovation? + News from 9 projects + 2 new projects in the directory + Some weekend reads Will KYC Kill Innovation? In May 2022, when ☑️ Verra (Registry) grinded carbon credit tokenization to a halt, it demanded KYC (Know-your-Customer) measures from web3 protocols. That course of action is well understandable from Verra’s point of view, as intermediaries need to make sure to comply with financial regulations (i.e. anti-money laundering AML) for which some sort of KYC is a requirement in most jurisdictions.