This ‘issue’ is also the case for converting loyaltee points into sats. Small amounts and should also have a minimum treshhold requirey to sign up without KYC. I see this while onboarding bitwala....
Spot on, @DJane! 🎯
Loyalty points to sats should be the ultimate low-risk entry point for users. It’s the perfect example of where a tiered, Risk-Based Approach (RBA) is missing. Instead, we see 'compliance-first' hurdles that kill the onboarding experience for Bitwala and others.
Small amounts shouldn't trigger these full KYC gauntlets. There is no valid legal basis for that.
Loyalty points to sats should be the ultimate low-risk entry point for users. It’s the perfect example of where a tiered, Risk-Based Approach (RBA) is missing. Instead, we see 'compliance-first' hurdles that kill the onboarding experience for Bitwala and others.
Small amounts shouldn't trigger these full KYC gauntlets. There is no valid legal basis for that.
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