[{"data":1,"prerenderedAt":712},["ShallowReactive",2],{"content-\u002Fresources\u002Fmore\u002Fkyc-vs-kyb-vs-kyt":3,"resources-category-kyc-vs-kyb-vs-kyt":530},{"id":4,"title":5,"authors":6,"body":7,"categories":6,"category":497,"categoryType":6,"compare":6,"contributors":6,"date":498,"description":499,"extension":500,"faq":501,"howto":6,"isBlog":520,"isChangelog":520,"meta":521,"navigation":523,"path":524,"pillar":520,"products":6,"rawbody":525,"role":6,"seo":526,"seoTitle":527,"stem":528,"thumbnail":6,"updated":498,"__hash__":529},"content\u002Fresources\u002Fmore\u002Fkyc-vs-kyb-vs-kyt.md","KYC vs KYB vs KYT: what each check covers in blockchain payments",null,{"type":8,"value":9,"toc":485},"minimark",[10,14,23,29,48,53,56,69,79,83,86,95,103,107,110,120,135,143,147,150,257,261,264,278,281,285,288,369,377,381,384,392,452,460,472,476,479],[11,12,13],"p",{},"KYC verifies individuals, KYB verifies businesses and their owners, and KYT monitors transactions and wallet addresses after onboarding. KYC and KYB answer \"who is this?\" once at the start and on refresh. KYT answers \"is this payment normal?\" every time money moves. Blockchain payments need all three, because the counterparty is often a wallet, not a bank account.",[11,15,16,17,22],{},"These checks come up wherever a business uses blockchain payments, which is covered in ",[18,19,21],"a",{"href":20},"\u002Fresources\u002Fmore\u002Fblockchain-payments-vs-crypto-payments","blockchain payments vs crypto payments",". This page compares the three checks side by side.",[11,24,25],{},[26,27,28],"strong",{},"Key takeaways",[30,31,32,36,39,42,45],"ul",{},[33,34,35],"li",{},"KYC = a person. KYB = a company and its owners. KYT = the payments and wallets.",[33,37,38],{},"KYC and KYB run at onboarding and periodic refresh. KYT runs continuously.",[33,40,41],{},"In blockchain payments, KYT includes wallet screening, because addresses carry their own risk history.",[33,43,44],{},"A provider can verify your customers, but your own AML program obligations do not transfer.",[33,46,47],{},"This is general information, not legal advice. Requirements vary by jurisdiction and license.",[49,50,52],"h2",{"id":51},"what-is-kyc","What is KYC?",[11,54,55],{},"KYC (know your customer) is identity verification for an individual. It confirms a real person exists, matches the documents, and is not on a sanctions list.",[57,58,59],"blockquote",{},[11,60,61,64,65,68],{},[26,62,63],{},"Definition:"," ",[26,66,67],{},"KYC"," (know your customer) is the process of collecting and verifying an individual's identity data, usually name, date of birth, address, and a government ID number, checked against documents, a selfie or liveness check, and watchlists before the person can transact.",[11,70,71,72,78],{},"In the US, an MSB's AML program must include \"verifying customer identification,\" per ",[18,73,77],{"href":74,"rel":75},"https:\u002F\u002Fwww.law.cornell.edu\u002Fcfr\u002Ftext\u002F31\u002F1022.210",[76],"nofollow","31 CFR 1022.210",". How deep the check goes depends on risk. A standard-risk individual can pass an automated check. Someone from a high-risk country, or moving large amounts, gets enhanced due diligence: proof of address, source of funds, purpose of transactions, and a human reviewer.",[49,80,82],{"id":81},"what-is-kyb","What is KYB?",[11,84,85],{},"KYB (know your business) verifies a company and the people behind it. The company check is the easy part. The hard part is the owners.",[11,87,88,89,94],{},"A KYB file usually covers legal name, registration and tax ID, formation date, registered address, website, and what the business does. Then the people: beneficial owners and controlling persons, each verified like a KYC individual. In the US, the customer due diligence rule at ",[18,90,93],{"href":91,"rel":92},"https:\u002F\u002Fwww.law.cornell.edu\u002Fcfr\u002Ftext\u002F31\u002F1010.230",[76],"31 CFR 1010.230"," defines beneficial owners as anyone holding 25% or more of the equity, plus one individual who controls, manages, or directs the company, such as an executive officer.",[11,96,97,98,102],{},"The point of KYB is to stop a shell company from hiding the person who really controls the money. ",[18,99,101],{"href":100},"\u002Fresources\u002Fmore\u002Fwhat-is-kyb","What is KYB"," goes deeper on documents and ownership structures.",[49,104,106],{"id":105},"what-is-kyt","What is KYT?",[11,108,109],{},"KYT (know your transaction) is ongoing transaction monitoring. It watches payments after onboarding for patterns that do not fit the customer's profile, and in crypto it also screens the wallet addresses on each side.",[57,111,112],{},[11,113,114,64,116,119],{},[26,115,63],{},[26,117,118],{},"KYT"," (know your transaction) is the continuous review of transactions and counterparties, including blockchain wallet addresses, to detect sanctions exposure, fraud, and money laundering patterns in real time or close to it.",[11,121,122,123,128,129,134],{},"KYT is industry shorthand, not a legal term. The legal hook is the AML program and suspicious activity reporting. For sanctions, OFAC's ",[18,124,127],{"href":125,"rel":126},"https:\u002F\u002Fofac.treasury.gov\u002Fmedia\u002F913571\u002Fdownload?inline",[76],"guidance for the virtual currency industry"," (October 2021) expects firms to screen wallet addresses and use tools that identify and block transactions tied to listed addresses. OFAC began adding digital currency addresses to SDN entries in 2018, and its ",[18,130,133],{"href":131,"rel":132},"https:\u002F\u002Fofac.treasury.gov\u002Ffaqs\u002F562",[76],"FAQ 562"," says those listings are not likely to be exhaustive. That is why blockchain analytics exist.",[11,136,137,138,142],{},"KYT catches what onboarding cannot. A verified customer can still receive funds from a hacked wallet tomorrow. ",[18,139,141],{"href":140},"\u002Fresources\u002Fmore\u002Freal-time-transaction-monitoring-stablecoin-payments","Real-time transaction monitoring for stablecoin payments"," covers the rules and alert handling.",[49,144,146],{"id":145},"how-do-kyc-kyb-and-kyt-compare","How do KYC, KYB, and KYT compare?",[11,148,149],{},"They check different things at different moments. The table puts them side by side.",[151,152,153,169],"table",{},[154,155,156],"thead",{},[157,158,159,162,164,167],"tr",{},[160,161],"th",{},[160,163,67],{},[160,165,166],{},"KYB",[160,168,118],{},[170,171,172,187,201,215,229,243],"tbody",{},[157,173,174,178,181,184],{},[175,176,177],"td",{},"What is checked",[175,179,180],{},"An individual",[175,182,183],{},"A company, its UBOs, and controlling persons",[175,185,186],{},"Transactions and wallet addresses",[157,188,189,192,195,198],{},[175,190,191],{},"When it runs",[175,193,194],{},"Onboarding, periodic refresh, on triggers",[175,196,197],{},"Onboarding, periodic refresh, ownership changes",[175,199,200],{},"Every transaction, continuously",[157,202,203,206,209,212],{},[175,204,205],{},"Typical data",[175,207,208],{},"Name, date of birth, address, ID number, ID document, selfie",[175,210,211],{},"Registration, tax ID, incorporation and ownership documents, owner KYC",[175,213,214],{},"Amount, frequency, counterparties, wallet risk score, sanctions hits",[157,216,217,220,223,226],{},[175,218,219],{},"Main risk addressed",[175,221,222],{},"Identity fraud, sanctioned persons",[175,224,225],{},"Shell companies, hidden owners",[175,227,228],{},"Laundering patterns, sanctions exposure, stolen funds",[157,230,231,234,237,240],{},[175,232,233],{},"Typical outcome on a problem",[175,235,236],{},"Rejection or request for more documents",[175,238,239],{},"Request for information on ownership or activity",[175,241,242],{},"Transaction held for review, RFI, or refund",[157,244,245,248,251,254],{},[175,246,247],{},"Speed",[175,249,250],{},"Seconds (automated) to a day (enhanced)",[175,252,253],{},"Hours to days",[175,255,256],{},"Real time or near real time",[49,258,260],{"id":259},"how-does-the-travel-rule-fit-with-kyc-kyb-and-kyt","How does the Travel Rule fit with KYC, KYB, and KYT?",[11,262,263],{},"The Travel Rule makes the KYC data move with the payment. When a virtual asset service provider (VASP) sends funds to another VASP, it must pass along who sent and who receives them.",[11,265,266,267,272,273,277],{},"FATF applies its wire transfer rule, Recommendation 16, to virtual asset transfers. Its ",[18,268,271],{"href":269,"rel":270},"https:\u002F\u002Fwww.fatf-gafi.org\u002Fen\u002Fpublications\u002FFatfrecommendations\u002FGuidance-rba-virtual-assets-2021.html",[76],"2021 updated guidance on virtual assets"," explains how VASPs should obtain, hold, and transmit originator and beneficiary information, with a de minimis threshold of USD\u002FEUR 1,000 available to countries. Each country implements it with its own thresholds and data fields. ",[18,274,276],{"href":275},"\u002Fresources\u002Fmore\u002Ftravel-rule-stablecoin-off-ramps","The Travel Rule for stablecoin off-ramps"," covers what fails and why.",[11,279,280],{},"So the order is: KYC or KYB creates the verified identity, the Travel Rule carries it with the transfer, and KYT checks the transfer itself.",[49,282,284],{"id":283},"who-is-responsible-for-each-check","Who is responsible for each check?",[11,286,287],{},"Responsibility follows the license and the relationship. If you are onboarding users, you own your onboarding. A provider that also verifies those users adds a second layer, it does not replace yours.",[151,289,290,303],{},[154,291,292],{},[157,293,294,297,300],{},[160,295,296],{},"Obligation",[160,298,299],{},"Platform (you)",[160,301,302],{},"Payments provider",[170,304,305,316,326,337,347,358],{},[157,306,307,310,313],{},[175,308,309],{},"Your own AML program and policies",[175,311,312],{},"Yes",[175,314,315],{},"No",[157,317,318,321,323],{},[175,319,320],{},"Collecting accurate customer data",[175,322,312],{},[175,324,325],{},"Reviews what you send",[157,327,328,331,334],{},[175,329,330],{},"KYC or KYB on customers who use the provider",[175,332,333],{},"Shared: you collect, the provider verifies",[175,335,336],{},"Yes, for its own regulatory needs",[157,338,339,342,345],{},[175,340,341],{},"Wallet screening and transaction monitoring on the provider's flows",[175,343,344],{},"Monitor your own platform",[175,346,312],{},[157,348,349,352,355],{},[175,350,351],{},"Answering requests for information",[175,353,354],{},"Yes, you hold the customer relationship",[175,356,357],{},"Sends the request",[157,359,360,363,366],{},[175,361,362],{},"Suspicious activity reporting",[175,364,365],{},"Yes, if your license requires it",[175,367,368],{},"Yes, for its own obligations",[11,370,371,372,376],{},"The split varies by provider and license. Get it in writing. ",[18,373,375],{"href":374},"\u002Fresources\u002Fmore\u002Fcrypto-on-ramp-compliance-who-owns-what","Who owns compliance when you integrate a crypto on-ramp API"," walks through a full responsibility matrix.",[49,378,380],{"id":379},"how-does-blindpay-handle-kyc-kyb-and-kyt","How does BlindPay handle KYC, KYB, and KYT?",[11,382,383],{},"Every BlindPay payment flows through a customer that has completed verification. Platforms register each of their customers, and a customer who moves money for others must register those end customers too.",[11,385,386,387,391],{},"The levels, from BlindPay's ",[18,388,390],{"href":389},"\u002Fdocs\u002Fkb\u002Fkyc","KYC requirements",":",[151,393,394,410],{},[154,395,396],{},[157,397,398,401,404,407],{},[160,399,400],{},"Level",[160,402,403],{},"Applies to",[160,405,406],{},"Review",[160,408,409],{},"Typical time",[170,411,412,426,440],{},[157,413,414,417,420,423],{},[175,415,416],{},"KYC Standard",[175,418,419],{},"Individuals in standard-risk countries",[175,421,422],{},"Automated",[175,424,425],{},"About 60 seconds",[157,427,428,431,434,437],{},[175,429,430],{},"KYC Enhanced",[175,432,433],{},"Individuals in high-risk countries",[175,435,436],{},"Manual",[175,438,439],{},"3 hours to 1 business day",[157,441,442,445,448,450],{},[175,443,444],{},"KYB Standard",[175,446,447],{},"Businesses",[175,449,436],{},[175,451,439],{},[11,453,454,455,459],{},"KYB requires incorporation and ownership documents, proof of address, and at least one owner, each verified like a KYC individual with a role as beneficial owner, controlling person, or both. If something is missing, compliance opens a request for information and the customer is paused until it is answered (",[18,456,458],{"href":457},"\u002Fdocs\u002Fkb\u002Finformation-requests","information requests",").",[11,461,462,463,467,468,459],{},"On the KYT side, BlindPay's transaction monitoring holds payins or payouts it flags as suspicious for compliance review. If a request for information about a held transaction is not answered within 24 hours, the transaction may be refunded to the sender (",[18,464,466],{"href":465},"\u002Fdocs\u002Fkb\u002Fon-hold-transactions","on-hold transactions","). Moving money for parties BlindPay has not onboarded is nesting, which is not allowed (",[18,469,471],{"href":470},"\u002Fdocs\u002Fkb\u002Fnested-payments","nested payments",[49,473,475],{"id":474},"what-to-do-next","What to do next",[11,477,478],{},"Write down, for your product, who runs each of the three checks and when. If any row says \"the provider handles it\" with nothing on your side, fix that first: you still need your own onboarding data, monitoring, and a named person who answers RFIs within hours.",[11,480,481,482,484],{},"Read BlindPay's ",[18,483,390],{"href":389}," to see the exact fields and limits before you design your onboarding form.",{"title":486,"searchDepth":487,"depth":487,"links":488},"",2,[489,490,491,492,493,494,495,496],{"id":51,"depth":487,"text":52},{"id":81,"depth":487,"text":82},{"id":105,"depth":487,"text":106},{"id":145,"depth":487,"text":146},{"id":259,"depth":487,"text":260},{"id":283,"depth":487,"text":284},{"id":379,"depth":487,"text":380},{"id":474,"depth":487,"text":475},"compliance","2026-10-01","KYC verifies people, KYB verifies businesses and their owners, and KYT watches transactions and wallets. What each covers, when it runs, and who owns it.","md",[502,505,508,511,514,517],{"q":503,"a":504},"What is the difference between KYC, KYB, and KYT?","KYC (know your customer) verifies that an individual is who they claim to be. KYB (know your business) verifies a company, its registration, and the people who own or control it. KYT (know your transaction) monitors payments after onboarding, including the wallet addresses money comes from or goes to. KYC and KYB run at onboarding. KYT runs on every transaction.",{"q":506,"a":507},"Is KYT required by law?","The term KYT is industry shorthand, not a legal term. What the law requires is the substance. In the US, a money services business must keep a risk-based AML program and file suspicious activity reports, which in practice means monitoring transactions. OFAC also expects virtual currency companies to screen wallet addresses against sanctions lists. Rules differ by country, so check each jurisdiction you operate in.",{"q":509,"a":510},"What counts as a beneficial owner in KYB?","Under the US customer due diligence rule, 31 CFR 1010.230, a beneficial owner is anyone who owns 25% or more of the equity of a legal entity customer, plus one individual who controls, manages, or directs it, such as a CEO or CFO. Other countries set similar thresholds. Providers often collect owners below 25% for higher-risk businesses.",{"q":512,"a":513},"Does a stablecoin payment provider handle KYC for my customers?","Often it verifies your customers itself, but your own obligations stay with you. At BlindPay, every payment flows through a customer that has completed KYC or KYB, and BlindPay monitors transactions. You still run your own onboarding and AML program for your users, collect accurate data, and answer requests for information about specific customers or payments.",{"q":515,"a":516},"Why do crypto payments need wallet screening?","Because the counterparty is often a wallet address, not a bank account with a verified owner. Screening checks whether an address is on a sanctions list or linked to illicit activity. OFAC adds some digital currency addresses to its SDN list, but says those listings are not likely to be exhaustive, so providers also use blockchain analytics to score address risk.",{"q":518,"a":519},"How long does KYC or KYB take?","It depends on the risk level and the provider. Automated KYC for a standard-risk individual can finish in about a minute. Enhanced KYC and KYB usually need a human review. BlindPay documents about 60 seconds for KYC Standard and 3 hours to 1 business day for KYC Enhanced and KYB Standard. Clear, uncropped documents avoid most delays.",false,{"author":522},"BlindPay Team",true,"\u002Fresources\u002Fmore\u002Fkyc-vs-kyb-vs-kyt","---\ntitle: \"KYC vs KYB vs KYT: what each check covers in blockchain payments\"\nseoTitle: \"KYC vs KYB vs KYT: the differences explained\"\ndescription: \"KYC verifies people, KYB verifies businesses and their owners, and KYT watches transactions and wallets. What each covers, when it runs, and who owns it.\"\ndate: \"2026-10-01\"\nupdated: \"2026-10-01\"\ncategory: \"compliance\"\nauthor: \"BlindPay Team\"\nfaq:\n  - q: \"What is the difference between KYC, KYB, and KYT?\"\n    a: \"KYC (know your customer) verifies that an individual is who they claim to be. KYB (know your business) verifies a company, its registration, and the people who own or control it. KYT (know your transaction) monitors payments after onboarding, including the wallet addresses money comes from or goes to. KYC and KYB run at onboarding. KYT runs on every transaction.\"\n  - q: \"Is KYT required by law?\"\n    a: \"The term KYT is industry shorthand, not a legal term. What the law requires is the substance. In the US, a money services business must keep a risk-based AML program and file suspicious activity reports, which in practice means monitoring transactions. OFAC also expects virtual currency companies to screen wallet addresses against sanctions lists. Rules differ by country, so check each jurisdiction you operate in.\"\n  - q: \"What counts as a beneficial owner in KYB?\"\n    a: \"Under the US customer due diligence rule, 31 CFR 1010.230, a beneficial owner is anyone who owns 25% or more of the equity of a legal entity customer, plus one individual who controls, manages, or directs it, such as a CEO or CFO. Other countries set similar thresholds. Providers often collect owners below 25% for higher-risk businesses.\"\n  - q: \"Does a stablecoin payment provider handle KYC for my customers?\"\n    a: \"Often it verifies your customers itself, but your own obligations stay with you. At BlindPay, every payment flows through a customer that has completed KYC or KYB, and BlindPay monitors transactions. You still run your own onboarding and AML program for your users, collect accurate data, and answer requests for information about specific customers or payments.\"\n  - q: \"Why do crypto payments need wallet screening?\"\n    a: \"Because the counterparty is often a wallet address, not a bank account with a verified owner. Screening checks whether an address is on a sanctions list or linked to illicit activity. OFAC adds some digital currency addresses to its SDN list, but says those listings are not likely to be exhaustive, so providers also use blockchain analytics to score address risk.\"\n  - q: \"How long does KYC or KYB take?\"\n    a: \"It depends on the risk level and the provider. Automated KYC for a standard-risk individual can finish in about a minute. Enhanced KYC and KYB usually need a human review. BlindPay documents about 60 seconds for KYC Standard and 3 hours to 1 business day for KYC Enhanced and KYB Standard. Clear, uncropped documents avoid most delays.\"\n---\n\nKYC verifies individuals, KYB verifies businesses and their owners, and KYT monitors transactions and wallet addresses after onboarding. KYC and KYB answer \"who is this?\" once at the start and on refresh. KYT answers \"is this payment normal?\" every time money moves. Blockchain payments need all three, because the counterparty is often a wallet, not a bank account.\n\nThese checks come up wherever a business uses blockchain payments, which is covered in [blockchain payments vs crypto payments](\u002Fresources\u002Fmore\u002Fblockchain-payments-vs-crypto-payments). This page compares the three checks side by side.\n\n**Key takeaways**\n\n- KYC = a person. KYB = a company and its owners. KYT = the payments and wallets.\n- KYC and KYB run at onboarding and periodic refresh. KYT runs continuously.\n- In blockchain payments, KYT includes wallet screening, because addresses carry their own risk history.\n- A provider can verify your customers, but your own AML program obligations do not transfer.\n- This is general information, not legal advice. Requirements vary by jurisdiction and license.\n\n## What is KYC?\n\nKYC (know your customer) is identity verification for an individual. It confirms a real person exists, matches the documents, and is not on a sanctions list.\n\n> **Definition:** **KYC** (know your customer) is the process of collecting and verifying an individual's identity data, usually name, date of birth, address, and a government ID number, checked against documents, a selfie or liveness check, and watchlists before the person can transact.\n\nIn the US, an MSB's AML program must include \"verifying customer identification,\" per [31 CFR 1022.210](https:\u002F\u002Fwww.law.cornell.edu\u002Fcfr\u002Ftext\u002F31\u002F1022.210). How deep the check goes depends on risk. A standard-risk individual can pass an automated check. Someone from a high-risk country, or moving large amounts, gets enhanced due diligence: proof of address, source of funds, purpose of transactions, and a human reviewer.\n\n## What is KYB?\n\nKYB (know your business) verifies a company and the people behind it. The company check is the easy part. The hard part is the owners.\n\nA KYB file usually covers legal name, registration and tax ID, formation date, registered address, website, and what the business does. Then the people: beneficial owners and controlling persons, each verified like a KYC individual. In the US, the customer due diligence rule at [31 CFR 1010.230](https:\u002F\u002Fwww.law.cornell.edu\u002Fcfr\u002Ftext\u002F31\u002F1010.230) defines beneficial owners as anyone holding 25% or more of the equity, plus one individual who controls, manages, or directs the company, such as an executive officer.\n\nThe point of KYB is to stop a shell company from hiding the person who really controls the money. [What is KYB](\u002Fresources\u002Fmore\u002Fwhat-is-kyb) goes deeper on documents and ownership structures.\n\n## What is KYT?\n\nKYT (know your transaction) is ongoing transaction monitoring. It watches payments after onboarding for patterns that do not fit the customer's profile, and in crypto it also screens the wallet addresses on each side.\n\n> **Definition:** **KYT** (know your transaction) is the continuous review of transactions and counterparties, including blockchain wallet addresses, to detect sanctions exposure, fraud, and money laundering patterns in real time or close to it.\n\nKYT is industry shorthand, not a legal term. The legal hook is the AML program and suspicious activity reporting. For sanctions, OFAC's [guidance for the virtual currency industry](https:\u002F\u002Fofac.treasury.gov\u002Fmedia\u002F913571\u002Fdownload?inline) (October 2021) expects firms to screen wallet addresses and use tools that identify and block transactions tied to listed addresses. OFAC began adding digital currency addresses to SDN entries in 2018, and its [FAQ 562](https:\u002F\u002Fofac.treasury.gov\u002Ffaqs\u002F562) says those listings are not likely to be exhaustive. That is why blockchain analytics exist.\n\nKYT catches what onboarding cannot. A verified customer can still receive funds from a hacked wallet tomorrow. [Real-time transaction monitoring for stablecoin payments](\u002Fresources\u002Fmore\u002Freal-time-transaction-monitoring-stablecoin-payments) covers the rules and alert handling.\n\n## How do KYC, KYB, and KYT compare?\n\nThey check different things at different moments. The table puts them side by side.\n\n| | KYC | KYB | KYT |\n| --- | --- | --- | --- |\n| What is checked | An individual | A company, its UBOs, and controlling persons | Transactions and wallet addresses |\n| When it runs | Onboarding, periodic refresh, on triggers | Onboarding, periodic refresh, ownership changes | Every transaction, continuously |\n| Typical data | Name, date of birth, address, ID number, ID document, selfie | Registration, tax ID, incorporation and ownership documents, owner KYC | Amount, frequency, counterparties, wallet risk score, sanctions hits |\n| Main risk addressed | Identity fraud, sanctioned persons | Shell companies, hidden owners | Laundering patterns, sanctions exposure, stolen funds |\n| Typical outcome on a problem | Rejection or request for more documents | Request for information on ownership or activity | Transaction held for review, RFI, or refund |\n| Speed | Seconds (automated) to a day (enhanced) | Hours to days | Real time or near real time |\n\n## How does the Travel Rule fit with KYC, KYB, and KYT?\n\nThe Travel Rule makes the KYC data move with the payment. When a virtual asset service provider (VASP) sends funds to another VASP, it must pass along who sent and who receives them.\n\nFATF applies its wire transfer rule, Recommendation 16, to virtual asset transfers. Its [2021 updated guidance on virtual assets](https:\u002F\u002Fwww.fatf-gafi.org\u002Fen\u002Fpublications\u002FFatfrecommendations\u002FGuidance-rba-virtual-assets-2021.html) explains how VASPs should obtain, hold, and transmit originator and beneficiary information, with a de minimis threshold of USD\u002FEUR 1,000 available to countries. Each country implements it with its own thresholds and data fields. [The Travel Rule for stablecoin off-ramps](\u002Fresources\u002Fmore\u002Ftravel-rule-stablecoin-off-ramps) covers what fails and why.\n\nSo the order is: KYC or KYB creates the verified identity, the Travel Rule carries it with the transfer, and KYT checks the transfer itself.\n\n## Who is responsible for each check?\n\nResponsibility follows the license and the relationship. If you are onboarding users, you own your onboarding. A provider that also verifies those users adds a second layer, it does not replace yours.\n\n| Obligation | Platform (you) | Payments provider |\n| --- | --- | --- |\n| Your own AML program and policies | Yes | No |\n| Collecting accurate customer data | Yes | Reviews what you send |\n| KYC or KYB on customers who use the provider | Shared: you collect, the provider verifies | Yes, for its own regulatory needs |\n| Wallet screening and transaction monitoring on the provider's flows | Monitor your own platform | Yes |\n| Answering requests for information | Yes, you hold the customer relationship | Sends the request |\n| Suspicious activity reporting | Yes, if your license requires it | Yes, for its own obligations |\n\nThe split varies by provider and license. Get it in writing. [Who owns compliance when you integrate a crypto on-ramp API](\u002Fresources\u002Fmore\u002Fcrypto-on-ramp-compliance-who-owns-what) walks through a full responsibility matrix.\n\n## How does BlindPay handle KYC, KYB, and KYT?\n\nEvery BlindPay payment flows through a customer that has completed verification. Platforms register each of their customers, and a customer who moves money for others must register those end customers too.\n\nThe levels, from BlindPay's [KYC requirements](\u002Fdocs\u002Fkb\u002Fkyc):\n\n| Level | Applies to | Review | Typical time |\n| --- | --- | --- | --- |\n| KYC Standard | Individuals in standard-risk countries | Automated | About 60 seconds |\n| KYC Enhanced | Individuals in high-risk countries | Manual | 3 hours to 1 business day |\n| KYB Standard | Businesses | Manual | 3 hours to 1 business day |\n\nKYB requires incorporation and ownership documents, proof of address, and at least one owner, each verified like a KYC individual with a role as beneficial owner, controlling person, or both. If something is missing, compliance opens a request for information and the customer is paused until it is answered ([information requests](\u002Fdocs\u002Fkb\u002Finformation-requests)).\n\nOn the KYT side, BlindPay's transaction monitoring holds payins or payouts it flags as suspicious for compliance review. If a request for information about a held transaction is not answered within 24 hours, the transaction may be refunded to the sender ([on-hold transactions](\u002Fdocs\u002Fkb\u002Fon-hold-transactions)). Moving money for parties BlindPay has not onboarded is nesting, which is not allowed ([nested payments](\u002Fdocs\u002Fkb\u002Fnested-payments)).\n\n## What to do next\n\nWrite down, for your product, who runs each of the three checks and when. If any row says \"the provider handles it\" with nothing on your side, fix that first: you still need your own onboarding data, monitoring, and a named person who answers RFIs within hours.\n\nRead BlindPay's [KYC requirements](\u002Fdocs\u002Fkb\u002Fkyc) to see the exact fields and limits before you design your onboarding form.\n",{"title":5,"description":499},"KYC vs KYB vs KYT: the differences explained","resources\u002Fmore\u002Fkyc-vs-kyb-vs-kyt","uvVYulQ08U3XEY3hU6rA4diOYGk97s3xkirFOLIdr34",[531,535,539,543,547,551,555,559,563,567,571,575,579,583,587,591,595,599,603,607,608,612,616,620,624,627,631,635,639,643,647,651,655,659,663,667,671,675,679,683,687,690,694,698,701,705,708],{"path":532,"title":533,"description":534},"\u002Fresources\u002Fmore\u002Faml-audit-readiness-risk-monitoring","AML audit readiness: what regulators ask for and how to prove your risk monitoring works","The evidence examiners expect from automated risk monitoring: a 10-item evidence table, good vs poor practice, SAR timelines, RFIs, and a 30-day plan.",{"path":536,"title":537,"description":538},"\u002Fresources\u002Fmore\u002Fare-blockchain-payments-legal","Are blockchain payments legal? Rules in the US, EU, UK, Brazil, and Mexico","Blockchain payments are legal for businesses in the US, EU, UK, Brazil, and Mexico, under different rules. What each country regulates, as of October 2026.",{"path":540,"title":541,"description":542},"\u002Fresources\u002Fmore\u002Fare-stablecoin-card-purchases-taxable","Are stablecoin card purchases taxable? A country-by-country overview of disposals, gains, and records","Why a stablecoin card purchase can be a taxable disposal, how the US, UK, Germany, Spain, the Netherlands, and Brazil differ, and which records to keep.",{"path":544,"title":545,"description":546},"\u002Fresources\u002Fmore\u002Fare-stablecoin-payments-reversible","Are stablecoin payments reversible? Finality, custody, and fraud explained","Stablecoin transfers settle final in minutes and cannot be reversed. That finality proves custody at every step, but it also opens a fraud gap on the fiat side of the payment.",{"path":548,"title":549,"description":550},"\u002Fresources\u002Fmore\u002Fautomated-kyc-kyb-vs-manual-onboarding","Automated KYC\u002FKYB vs. manual onboarding: what actually changes","A side-by-side comparison of automated and manual KYC\u002FKYB for fintechs: onboarding time, false-positive rates, cost per verification, scaling across jurisdictions, and audit-trail quality, plus the cases where a human reviewer is still required.",{"path":552,"title":553,"description":554},"\u002Fresources\u002Fmore\u002Fbrazil-self-custody-wallet-declaration","Brazil's self-custody wallet rule: COAF reporting for transfers of US$10,000 or more","Since October 1, 2026, Brazil requires reports to COAF on transfers of US$10,000+ to or from self-custodied wallets. What counts, who reports, what to do.",{"path":556,"title":557,"description":558},"\u002Fresources\u002Fmore\u002Fbuild-vs-buy-automated-risk-monitoring","Build vs. buy automated risk monitoring: a decision framework and 15 provider questions","Build, buy point solutions, or use an integrated provider? Compare three ways to run automated risk monitoring, who stays responsible, and 15 questions.",{"path":560,"title":561,"description":562},"\u002Fresources\u002Fmore\u002Fcompliance-agents-cross-border-stablecoin-payments","Compliance agents for cross-border stablecoin payments: a global regulatory guide","How compliance agents apply FinCEN, MiCA, FCA, MAS, and Banco Central do Brasil rules to cross-border stablecoin payments: jurisdiction table, the FATF Travel Rule, multi-list sanctions screening, the four components of a compliant program, and questions to ask a compliance provider.",{"path":564,"title":565,"description":566},"\u002Fresources\u002Fmore\u002Fcross-border-stablecoin-card-compliance-by-country","Compliance for cross-border stablecoin card programs: a country readiness template","A country readiness template for stablecoin card programs: onboarding rules, funding rails, and payout rails for the US, LatAm, and the EU.",{"path":568,"title":569,"description":570},"\u002Fresources\u002Fmore\u002Fcrypto-wallet-compliance-checklist","Crypto wallet compliance checklist: KYC, KYT, and Travel Rule","The compliance that comes with crypto wallets and stablecoin payments: KYC and KYB, KYT, the Travel Rule, address screening, MSB rules, and 15 checks.",{"path":572,"title":573,"description":574},"\u002Fresources\u002Fmore\u002Fdirect-vs-indirect-stablecoin-exchange","Direct vs indirect stablecoin exchange: who holds the stablecoin, and who carries compliance","In direct exchange, both parties hold stablecoins and own compliance. In indirect exchange, a provider settles in stablecoins behind a normal bank payment.",{"path":576,"title":577,"description":578},"\u002Fresources\u002Fmore\u002Fdo-merchants-need-a-license-to-accept-stablecoins","Do merchants need a license to accept stablecoin payments? KYC, KYB, and compliance explained","Usually no: the license sits with the provider that moves the funds. What merchants still owe on KYB, sanctions, tax, and records in the US, EU, Brazil.",{"path":580,"title":581,"description":582},"\u002Fresources\u002Fmore\u002Fdo-stablecoin-cards-require-kyc","Do stablecoin cards require KYC? What to expect, what gets checked, and why \"no KYC\" cards fall short","Why stablecoin cards ask for ID even with a permissionless wallet, what KYC and KYB collect, why no-KYC cards fall short, and how to fix a rejection.",{"path":584,"title":585,"description":586},"\u002Fresources\u002Fmore\u002Fgenius-act-timeline-key-dates","GENIUS Act and MiCA timeline: the key dates for stablecoin payment teams","Every GENIUS Act and MiCA date that matters to a stablecoin payment flow, how the US effective date is calculated, and what to finish before each deadline.",{"path":588,"title":589,"description":590},"\u002Fresources\u002Fmore\u002Fhow-to-automate-kyc-kyb-stablecoin-payments","How to automate KYC and KYB for stablecoin payments","A developer guide to automated KYC and KYB for stablecoin payment flows: how verification runs inside a payment API, step-by-step workflows for individuals and businesses, jurisdiction requirements for the US, EU, UK, Singapore, and Brazil, and what to check before settlement.",{"path":592,"title":593,"description":594},"\u002Fresources\u002Fmore\u002Fhow-to-choose-automated-risk-monitoring-vendor","How to choose an automated risk monitoring vendor for a fintech startup","A buyer's guide to automated risk monitoring vendors for early-stage fintechs: the five criteria that matter (regulatory coverage, integration effort, false-positive rate, pricing model, audit output), the question to ask a vendor on each, a checklist table, and what it costs.",{"path":596,"title":597,"description":598},"\u002Fresources\u002Fmore\u002Freduce-false-positives-transaction-monitoring","How to reduce false positives in transaction monitoring without missing real risk","Cut AML alert noise without losing real cases: a 7-step tuning process, the levers that work, the metrics to watch, and what automation should never close.",{"path":600,"title":601,"description":602},"\u002Fresources\u002Fmore\u002Fhow-to-verify-non-custodial-payment-provider","How to verify a payment provider is really non-custodial: 8 checks you can run yourself","Eight checks that prove whether a blockchain payment provider ever holds your funds: on-chain approvals, stored balances, terms of title, failure tests.",{"path":604,"title":605,"description":606},"\u002Fresources\u002Fmore\u002Fhow-wallet-screening-works-stablecoin-payments","How wallet screening works in stablecoin payments: exposure, risk scores, and frozen addresses","How wallet screening works: OFAC-listed addresses, direct and indirect exposure, risk scores, issuer freezes, and what to do when an address is flagged.",{"path":524,"title":5,"description":499},{"path":609,"title":610,"description":611},"\u002Fresources\u002Fmore\u002Fstablecoin-payment-licenses-msb-mtl-vasp-emi","MSB vs money transmitter license vs VASP vs EMI: which license does a stablecoin payment flow need?","MSB registration, state money transmitter licenses, VASP, EMI, and PSAV compared: who needs each, what triggers it, and when your provider covers you.",{"path":613,"title":614,"description":615},"\u002Fresources\u002Fmore\u002Fmica-stablecoin-rules-explained","MiCA stablecoin rules explained for payment companies","What MiCA means if your business uses stablecoins in the EU: EMTs vs ARTs, issuer requirements, why USDC is compliant and USDT was delisted, and a practical checklist.",{"path":617,"title":618,"description":619},"\u002Fresources\u002Fmore\u002Fongoing-sanctions-screening-how-often-to-rescreen","Ongoing sanctions screening: how often to rescreen and what to screen","How often to rescreen customers against sanctions lists, what to screen beyond names, and a cadence that holds up under OFAC strict liability.",{"path":621,"title":622,"description":623},"\u002Fresources\u002Fmore\u002Fpsav-brazil-explained","PSAV in Brazil: the Central Bank's virtual asset license explained","PSAV is Brazil's authorization for virtual asset service providers, created by BCB Resolutions 519, 520, and 521 under Law 14.478\u002F2022. What it requires and who needs it.",{"path":140,"title":625,"description":626},"Real-time transaction monitoring for cross-border stablecoin payments","Why stablecoin cross-border flows need different monitoring than wires: the signals that get scored (wallet address risk, velocity, corridor risk, on\u002Foff-ramp counterparties), real-time vs. batch monitoring, and a worked example of a flagged pattern from alert to decision.",{"path":628,"title":629,"description":630},"\u002Fresources\u002Fmore\u002Fblockchain-payment-provider-red-flags","Red flags when choosing a blockchain payments provider: 10 warning signs and what to ask","Ten warning signs to catch before you sign with a blockchain payments provider, how each shows up in a sales call or sandbox, and the question to ask.",{"path":632,"title":633,"description":634},"\u002Fresources\u002Fmore\u002Fstablecoin-card-and-payout-compliance-map","Stablecoin card and payout compliance map: who owns KYC, KYB, sanctions, and the Travel Rule","A compliance map for programs that run stablecoin cards and payouts together: KYC, KYB, monitoring, sanctions, Travel Rule, and records, split by owner.",{"path":636,"title":637,"description":638},"\u002Fresources\u002Fmore\u002Fstablecoin-card-issuing-compliance","Stablecoin card issuing compliance: KYC, KYB, and regulatory coverage explained","What compliance stablecoin card issuing requires: KYC vs. KYB, who is responsible for what, how rules differ in the US, EU, UK, and Latin America, and ongoing monitoring.",{"path":640,"title":641,"description":642},"\u002Fresources\u002Fmore\u002Fstablecoin-cards-europe-mica","Stablecoin cards in Europe: MiCA, euro stablecoins, and what licensing means for cardholders and card programs","How MiCA applies to stablecoin cards in Europe: who needs authorization, how to check a provider on the ESMA register, euro vs dollar stablecoins, SEPA.",{"path":644,"title":645,"description":646},"\u002Fresources\u002Fmore\u002Fstablecoin-cards-united-states-regulation","Stablecoin cards in the United States: the GENIUS Act, sponsor banks, and Visa USDC settlement","How US stablecoin cards are structured and regulated: sponsor bank, program manager, processor, the GENIUS Act, Visa USDC settlement, FDIC coverage, tax.",{"path":648,"title":649,"description":650},"\u002Fresources\u002Fmore\u002Fstablecoin-off-ramp-limits","Stablecoin off-ramp limits: per-transaction, daily, and monthly caps explained","Why off-ramps cap how much you can convert per transaction, day, and month, how the caps map to KYC and KYB tiers, and the documents that raise them.",{"path":652,"title":653,"description":654},"\u002Fresources\u002Fmore\u002Fstablecoin-regulation-tracker-2026","Stablecoin regulation in 2026: MiCA, the GENIUS Act, Brazil, and Japan","Where stablecoin regulation stands in 2026: MiCA in the EU, the GENIUS Act in the US, Brazil's VASP regime, and Japan's issuer rules, compared for payment businesses.",{"path":656,"title":657,"description":658},"\u002Fresources\u002Fmore\u002Fstablecoin-regulation-uk-singapore-hong-kong","Stablecoin regulation in the UK, Singapore, and Hong Kong: where each regime stands in 2026","UK rules start 25 October 2027, Singapore is consulting on its stablecoin law, and Hong Kong licensed its first issuers in April 2026.",{"path":660,"title":661,"description":662},"\u002Fresources\u002Fmore\u002Fgenius-act-for-businesses","The GENIUS Act explained for businesses that use stablecoins","What the GENIUS Act means if your business sends, receives, or holds stablecoins: who it regulates, the dates that matter, and what to do before 2027.",{"path":664,"title":665,"description":666},"\u002Fresources\u002Fmore\u002Ftravel-rule-workflow-hold-return-reject","The Travel Rule in an automated workflow: what to collect, when to hold, when to return","How to automate Travel Rule compliance for stablecoin transfers: what data to collect, the checks before release, and when to hold, reject, or return.",{"path":668,"title":669,"description":670},"\u002Fresources\u002Fmore\u002Ftransaction-monitoring-red-flags-stablecoin-payments","Transaction monitoring red flags for stablecoin payments: 12 rules to automate","The 12 red flags automated transaction monitoring should catch in stablecoin and cross-border payments, with rule logic, actions, and the data each needs.",{"path":672,"title":673,"description":674},"\u002Fresources\u002Fmore\u002Fverification-of-payee-instant-payments","Verification of payee in instant payments: how rails check the recipient before money moves","How EU Verification of Payee, UK Confirmation of Payee, Pix, SPEI, and US payee name checks confirm the recipient before an instant payment becomes final.",{"path":676,"title":677,"description":678},"\u002Fresources\u002Fmore\u002Fvirtual-account-requirements-kyc-kyb","Virtual account requirements: KYC, KYB, and what the bank reviews before it says yes","What you need to open a virtual account: KYC or KYB, the extra fields and source of funds documents the bank reviews, who owns each step, and timelines.",{"path":680,"title":681,"description":682},"\u002Fresources\u002Fmore\u002Fwhat-are-compliance-agents-in-fintech","What are compliance agents in fintech? How they work and what they do for payments","Compliance agents are autonomous software components that run KYC, KYB, sanctions screening, and transaction monitoring inside a payment flow, then document every decision. How they work, what they do for payments, how they differ from traditional compliance software, and how BlindPay embeds them in its API.",{"path":684,"title":685,"description":686},"\u002Fresources\u002Fmore\u002Fwhat-happens-if-a-stablecoin-payment-provider-fails","What happens to your money if a stablecoin payment provider fails?","Issuer, provider, or bank: who fails decides what you get back. What the GENIUS Act and state law protect, where money sits mid-payment, and a runbook.",{"path":100,"title":688,"description":689},"What is KYB? Know Your Business verification explained","KYB verifies a company's legal existence, ownership, and control before it can transact. What it checks, who counts as a beneficial owner, and how it differs from KYC.",{"path":691,"title":692,"description":693},"\u002Fresources\u002Fmore\u002Fwhat-is-a-vasp","What is a VASP? Virtual asset service provider explained","A VASP is any business that exchanges, transfers, or custodies virtual assets like stablecoins for customers. FATF's definition and what it requires in practice.",{"path":695,"title":696,"description":697},"\u002Fresources\u002Fmore\u002Fwhat-is-automated-risk-monitoring-fintech","What is automated risk monitoring in fintech?","A reference explainer on automated risk monitoring for fintechs: the four components (KYC\u002FKYB, transaction monitoring, sanctions and watchlist screening, compliance automation), what each one flags, a manual vs. automated comparison, and what FinCEN, FATF, and OFAC actually require.",{"path":275,"title":699,"description":700},"What is the travel rule for stablecoin off-ramps? Thresholds, data, and failed checks","The travel rule makes off-ramps pass sender and receiver data with transfers. Thresholds by country, required data, and what happens when checks fail.",{"path":702,"title":703,"description":704},"\u002Fresources\u002Fmore\u002Fgenius-act-usdt-foreign-stablecoin-issuers","What the GENIUS Act means for USDT and other foreign-issued stablecoins","Can USDT stay available in the US under the GENIUS Act? The foreign issuer path, the 2027 and 2028 deadlines, and what payment companies should ask now.",{"path":374,"title":706,"description":707},"Who owns compliance when you integrate a crypto on-ramp API? KYC, KYB, KYT, and holds","An on-ramp API splits compliance between the provider and you. Who runs KYC, KYB, KYT, sanctions, and the travel rule, and what stays on your side.",{"path":709,"title":710,"description":711},"\u002Fresources\u002Fmore\u002Fsource-of-funds-crypto-off-ramps","Why do crypto off-ramps ask for source of funds? Documents, triggers, and on-chain proof","Why off-ramps ask where your stablecoins came from, how source of funds differs from source of wealth, what triggers a request, and which documents pass.",1792461843156]