Crypto Compliance Checklist for Businesses

This document is a guide that outlines a comprehensive checklist for businesses preparing to accept cryptocurrency. It emphasizes the importance of defining a crypto use case, which includes understanding payment flows, mapping actors, selecting currencies, and identifying target markets. The guide stresses the need to check local regulations, confirming whether the business model triggers specific duties and listing the relevant regulatory authorities. Additionally, it advises on choosing a regulated provider, preparing Know Your Business (KYB) documentation, and building an Anti-Money Laundering (AML) and Know Your Customer (KYC) framework. The checklist also covers tax and reporting setup, integration planning, pilot transactions, team training, and ongoing monitoring and audits. Each section includes specific outputs that businesses should prepare to ensure compliance and operational readiness for cryptocurrency transactions.