Sumsub and Elliptic Lead the Pack in Crypto Compliance Solutions

Crypto compliance and KYC (Know Your Customer) providers are software platforms that help crypto businesses verify customers, screen against sanctions, and monitor blockchain transactions.

A Web3 compliance program requires a combination of three key components: KYC to identify individual customers, KYB (Know Your Business) to verify business customers and beneficial owners, and KYT (Know Your Transaction) to track the movement of crypto funds.

In this article, we will explore two top crypto compliance companies, Sumsub and Elliptic, that cater to the needs of Web3 enterprises.