Too Long; Didn't Read
There is no denying the fact that cryptocurrencies are big right now. Almost everyone seems to be talking about the revolutionary market that has caused great disruptions in the financial sector. The daily news is often dominated by crypto-related topics as something new appears to be happening in the space almost every moment. Despite the popularity of the system, it is not without its detractors who say that it supports criminal and illicit activities. Since the middle of 2017, there have been renewed government efforts to regulate the market. The majority of these efforts have been centered on KYC and AML regulations.