status-im / status

0 stars 1 forks source link

[Crypto Onramp] Legal Checks of KYC responsibility #51

Open j-zerah opened 3 years ago

j-zerah commented 3 years ago

Some questions have arisen as to where the responsibility and liability of KYC lies for crypto onramps.

If Status is to integrate a third party onramp provider (such as Wyre, Moonpay, Transak, etc), does the responsibility / liability lie with Status or the provider? What regulatory risk is taken on by introducing onramp providers?

To consider:

@ Carly to investigate