Freelancers Face Compliance Challenges When Accepting Crypto Payments

[tradelikepro]

As more freelancers turn to cryptocurrency for payments, regulatory hurdles are becoming a key concern. Anti-money laundering (AML) and “know your customer” (KYC) rules, primarily aimed at exchanges, could also impact individual freelancers. Keeping detailed transaction records and verifying clients may soon become essential. With laws like the GENIUS Act regulating stablecoins, the legal status of crypto remains fluid and location-dependent.

[Nahid10]

Regulatory confusion hits freelancers the hardest. One mistake can cause big legal trouble.

[EmTeam]

Clear compliance tools for crypto freelancers would make life so much easier.