What is Virtual Currency Compliance?
Virtual currency compliance includes KYC/KYB onboarding, sanctions screening, transaction monitoring, blockchain analytics, Travel Rule obligations and reporting requirements for businesses that process crypto or game assets of real value. Risk evolves rapidly across chains and venues; compliance must be agile and explainable, not sloganized.
Program design: robustly verify natural and legal persons, screen names and addresses, monitor flows for mixers, peel chains, and high‑risk service providers, and maintain auditable wallet‑to‑user trails. Where risk accelerates—new devices, new withdrawal addresses—re‑prove with identity verification. Name risk and escalation should fall under a risk‑based AML compliance framework so filings don’t bottleneck.
