Nexus Mutual strikes to sundown authorized entity, elevate KYC necessities By Cointelegraph

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Nexus Mutual strikes to sundown authorized entity, elevate KYC necessities

In a transfer that would level towards better decentralization and wider entry, the Nexus Mutual group is at the moment contemplating a proposal to sundown the protection protocol’s authorized entity and elevate Know Your Buyer (Kburdens at the moment essential to work together with the platform.

The proposal was introduced on Thursday in a Tweet by Christopher Heymann, co-founder of funding fund 1kx. In it, Heymann notes that Nexus initially launched with a “a UK-based restricted firm” with a purpose to defend the crew from authorized liabilities and tax-related points.

KYC meets DeFi