On the other hand, blockchain and KYC can collaborate for more efficiency in validating information and identifying complex financial irregularities. To match the complexities of blockchain transactions, KYC will need to create more technologically advanced solutions. Combining these objectives necessitates using KYC and AML compliance solutions to automate KYC during onboarding and offer authentication for existing users.

It is estimated that only about 40% of Africa's total population have access to and use a bank, making Africa a goldmine for...

The fiat currency is under the control of the government, which misses the youth population due to their underrepresentation in the government Bitcoin...