ZKP2P with Brian & Richard
Zero Knowledge
Ensuring Regulatory Compliance in Crypto Transactions
In the context of a PSE project, efforts are underway to establish KYC processes for individuals looking to deposit funds in cryptocurrencies. The mention of the Indian government's stringent measures against tainted funds highlights the need for compliance. The comparison is drawn between the Indian government's control over funds and the blockchain concept. It is explained that the Indian government effectively functions similar to a blockchain, with unique ID verification for each individual or device added to the network, ensuring traceability and transparency across services.
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