Can Crypto and KYC Coexist?

KYC or Know Your Customer is a process that has been adopted by many businesses, especially financial institutions, that verifies the identity and suitability of the customer to that business. Since one of the main aims of KYC is to limit risk for the business and prevent intentional or unintentional criminal behavior by the customer, it must be great and applied across the board to all businesses, right? Cryptocurrency and blockchain are relatively new concepts, it is difficult to gauge the implications of KYC policies on the industry. Governments around the world are trying furiously to force crypto companies such