Crypto and Web3

Set up KYC, AML screening, and ongoing monitoring for crypto exchanges and Web3 wallet providers to comply with MiCA and Travel Rule.

Crypto exchanges and wallet providers must comply with AML directives, MiCA (Markets in Crypto-Assets Regulation), and Travel Rule requirements. iDenfy helps you meet these obligations with identity verification and screening tools.

Recommended Features

Feature	Purpose	Docs
ID Verification (KYC)	Onboard users with document + face check	Create Session
AML Screening	Screen against PEP, sanctions, and adverse media	AML Screening
Ongoing AML Monitoring	Detect changes in customer risk profiles	AML Monitoring
Face Authentication	Re-verify users for high-value withdrawals	Face Auth
Questionnaire	Collect source-of-funds declarations	Additional Steps

Sample Token Configuration

{
  "clientId": "wallet_67890",
  "firstName": "Alex",
  "lastName": "Johnson",
  "callbackUrl": "https://your-exchange.com/api/kyc/callback",
  "expiryTime": 1800,
  "documents": ["ID_CARD", "PASSPORT"],
  "additionalSteps": {
    "questionnaire": true
  }
}

Regulatory Context

• MiCA requires crypto-asset service providers (CASPs) in the EU to perform full customer due diligence.
• Travel Rule (FATF Recommendation 16) requires originator and beneficiary information for crypto transfers above thresholds.
• Ongoing monitoring is mandatory — a one-time check at onboarding is not sufficient.

Integration Flow

1. User registers on your exchange.
2. Call Create Session to start identity verification.
3. After approval, run an AML screen and enable monitoring.
4. For high-risk actions (large withdrawals), trigger Face Authentication.