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 might level towards higher decentralization and wider entry, the Nexus Mutual group is presently contemplating a proposal to sundown the protection protocol’s authorized entity and elevate Know Your Buyer (Kburdens presently 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 view to shield the workforce from authorized liabilities and tax-related points.

KYC meets DeFi