Summary: Issuers of today’s fiat-backed stablecoins (such as PAX, USDC and TUSD) need to identify (or KYC) only those users who convert between bank account money and stablecoin, not all holders. Some people might be surprised that intermediate users of stablecoin may transact without needing to being identified by the issuers. Yet few people know that there … Continue reading KYC in Stablecoins
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Original source: https://bitsonblocks.net/2019/10/30/kyc-in-stablecoins/