We're continuously exploring alternative solutions, like wallet-based ID and device fingerprinting, to reduce the need for KYC, though these come with limitations. With time, as we build trust, we aim to keep pushing boundaries to find even better solutions.
Nice to hear that. What kind of solutions are you exploring right now? Is the cost that high that you don't offer them from the beginning? I wonder if users would like to participate in a trial run of such an identification process. However, I'm not sure people will be comfortable with device ID if it requires too many details.
Ensuring robust AML safeguards will be critical for long-term success and avoiding regulatory issues, especially given the risks of seizure similar to Chipmixer. Balance and vigilance are key.
I believe there's a difference between not doing the AML/KYC process and deliberately participating in activity such as money laundering though. CMIIW.