Everyone built KYC and called it compliance but KYC isn't even required for most activity Nikhil from Predicate on why treating compliance as just KYC misses the whole spectrum "Compliance is highly nuanced, it's actually not a single thing. There were some organizations that were like, we're going to build compliance for crypto, but really what they built was just KYC systems" "KYC is not necessarily required for every type of financial activity, it's a whole spectrum. Compliance is also, I don't want funds coming in from a major exploit" "You have the other end of the spectrum, where you're a group doing a tokenized security, and you have to do KYC, KYB, investor accreditation, because that's the real regulatory requirement if you're going to have a security"