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MCP isn’t KYC-ready: Why regulated sectors are wary of open agent exchanges
Model Context Protocol, or MCP, is gaining momentum. But, not everyone is fully onboard yet, as financial institutions sit and wait before adoption.
“It’s very early days in a quickly accelerating domain, but there are some fundamental building blocks that are missing, at least as standards or best practices related to interoperability and communication,” said Sean Neville, cofounder of Catena Labs. Catena Lab’s Neville said he is watching the conversation around interoperability protocols like MCP and A2A with great interest, especially since he believes that in the future, AI agents will be as much of a customer for banks as human consumers. Before starting Catena Labs, Neville cofounded Circle, the company that established the USDC stablecoin, so he has firsthand experience with the challenges of bringing new technology to a regulated business.
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