Law & Policy

Has anyone here done a deep dive into on-ramping? Seems to be a regulatory and compliance headache if your planning to allow people to on-ramp more than $10k. Would love to speak to people who have some experience in the area.

Helping build @midao. Probably on the water if I’m not thinking about crypto. /eagles /betting /off-grid

I built the Coinbase on-ramp. Fraud is the issue to solve. :)

I think you need to partner with an MTL then build or purchase a robust KYC + EDD (ofac, aml, fincen), and finally partner with Plaid for a funds available check. Plus a ton of money in legal fees. 

To start i would focus only on building the compliance stack for on-ramping HNWIs + family offices or for other high value payments. Instant fiat to stable payments would make domestic wires extinct. But need to make it easier for the non-crypto native sender which no one has done because of the on ramping challenge. 

Still I think the TAM is massive, and the business is probably venture backable.