Question, will you be pulling out of Poloniex due to their new action now requiring id for everyone?
bittrex-richie told me on IRC that 'trex are going fiat so they'll be asking for ID info eventually.
Hold up. First we are talking about polo forcing id and now bittrex is as well? Its doubtful they will force id. Crypsty, polo, and every other xchange I have dealt with has a tiered verification system for a reason. They only require ID as part of KYC/AML if you want to deal in fiat, if you stick with crypto its not needed.
Polo is asking for name and country right now, not any ID documents (for < $2000 USD of withdrawals per day).
Anyway, here's what Bittrex said in IRC a few hours ago:
and mogreen... we will do AML/KYC eventually as well.. its a precursor to fiat
Actually, see my other post. You can get verified for 7k/day with address and phone #, no ID docs needed.
If you look at the way other exchanges have handled it, cryptsy, atlasats, etc, you will see that they are using tiered verification for a reason. One of those reasons being to cover basic KYC/AML and let people deal in crypto only if they wish to stay somewhat anonymous. True anonymity requires a bit of work and is harder than it looks to make sure its airtight.
I will have to seriously hunt for the info on the statements made by FINCEN/CFTC/SEC/etc on the way they are viewing crypto, but suffice it say, they all agree that its a commodity and your free to barter with commodities without them looking over your shoulder.