LuckyStake

I like the idea of KYP, but it’s unrealistic. Companies won’t cooperate just because we ask.

Honestly, that’s why I think KYP is a long shot. Providers won’t just hand over that info. They’ll ignore us.

Shouldn’t you ask for an SSN or ITIN, since KYC is a thing? If they need an SSN, then it’s tricky because undocumented folks usually don’t have that. But they can get ITINs, so that's a workaround. For small amounts,…

It could help reduce scams a bit, but how effective will it be really? Scammers can be legit one moment and then switch to scams. Implementation is a huge issue too.

They’re trying to play catch-up. Some judges even write for the World Intellectual Property Organization now. But doesn’t the CCP have everyone under their thumb? I wouldn’t be shocked if they have eyes on Bitmain too.

I travel a lot and use VPNs all the time. I've been blocked on several platforms. I think some IPs used by VPNs get blacklisted, which is why I sometimes can't connect.

Isn't it typical that they might try to settle outside court? But then what happens to all these shady practices being called out?

I get that some mixers don’t promote illegal stuff, but Helix kind of flaunted it, right? So it makes sense why they got targeted. Still, other legit mixers shouldn’t worry too much about one bad apple.

I get what you're saying, but the illegal part of his operation was the mixing for AlphaBay. Mixers can keep privacy intact, and should not all be painted with the same brush. They're just tools, not evil by design.

Not sure what you mean by "cryptocurrency exchanges," but here’s a thought...

I get it, but lying about all this is one thing, but saying he’s Satoshi is another. It’s just wrong, given the lack of evidence. If he tries to monetize it, it’s pointless anyway, since the code’s MIT licensed.

No one should be copyrighting that white paper. It’s messed up that CSW is even trying, and even worse if someone else backs him. It just gives off bad vibes for decentralization. Honestly, he’s digging his own grave…

FATF means all member countries are likely already on board with new rules. It’s frustrating, but it’s happening.

Lol, good luck enforcing it. Sure, they'll crack down on centralized platforms, but there are always ways to stay anonymous with Bitcoin. It’s the average Joe who'll get hurt, not the pros.

They should definitely pick friendlier places, but they can't just all crowd into one spot. That could lead to some bad legislation hitting them hard.

Source on that? Last I saw, Binance’s CEO denied a supposed exchange license and with China’s situation, I doubt they’ll let exchanges operate freely anytime soon.

To clarify, Canadian banks can freeze accounts but can’t just take your money unless you owe them. The government can seize if they see illegal sources, though. HSBC in the UK has banned crypto deposits, so Canada might…

KYC varies so much by country. It’s confusing and makes using Bitcoin tough. In my country, we have only a couple of ATMs and KYC isn’t strict, yet.