☎️ Like calling all your new babysitter's references…
Crypto loves anonymity. Bitcoin's creator, Satoshi Nakamoto, used a pseudonym, and many advocates champion the asset class for financial privacy. That core principle runs headfirst into US-based exchanges' "know your customer" (aka KYC) obligations. Think: regulatory requirements to run customer-identity checks. Now, that tension's come to a head as exchanges are hit with fines and crypto companies spend more on compliance.