How Do AML/KYC Requirements Impact the Launch of an ICO?

AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements mandate that ICO issuers verify the identity of their investors and monitor transactions for suspicious activity. Failure to implement robust procedures can result in severe penalties, fines, and reputational damage.

These requirements add significant compliance costs and complexity to the launch process. Proper KYC ensures the ICO does not facilitate illicit financial activities.

This is crucial for maintaining regulatory good standing.