One idea: A regulated financial institution could confirm with mathematical proof that the holder of an address sending or receiving cryptocurrency had at some point been verified by a trusted source for KYC purposes without needing to know the address holder’s name or other identifying information. The proof would be required only at the on- and off-ramps between on-chain crypto world and the financial system – i.e., when a cryptocurrency is being exchanged for fiat currency – to keep on-chain crypto transactions frictionless. Meanwhile, we could have system-wide, on-chain data analyses to meet AML needs, identifying nodes engaged in patterns of illicit activity, all without invasive identity requirements.
Cboe Publishes Amended Spot Ether ETF Filings as Industry Renews Approval Hopes
While the 19b-4 forms might be approved as soon as this Thursday – when the first one, an application by...