Nexus Mutual moves to sunset legal entity, lift KYC requirements
Cointelegraph
Published Apr 23, 2021 02:30PM ET
Updated Apr 24, 2021 04:40PM ET
In a move that could point toward greater decentralization and wider access, the Nexus Mutual community is currently considering a proposal to sunset the coverage protocol’s legal entity and lift Know Your Customer (Kburdens currently necessary to interact with the platform.
The proposal was announced on Thursday in a Tweet by Christopher Heymann, co-founder of investment fund 1kx. In it, Heymann notes that Nexus originally launched with a “a UK-based limited company” in order to protect the team from legal liabilities and tax-related issues.
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Written By: Cointelegraph
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