It makes absolutely no sense for them to ask sensitive and private topics such as income, occupation, and even future deposit patterns without any regulations forcing them to (or at least, other exchanges serving EU customers clearly don't need info to this degree, CMIIW).
I don't know why, but it actually makes them less trustworthy as an exchange to me.
I don't know why, but it actually makes them less trustworthy as an exchange to me.
What I hope happens is that they're abandoned en masse by users who go to exchanges with standard KYC policies. We all know they're a necessity to stay in business but everywhere else is doing business just fine without sticking their fingers up one's urethra.
Bitstamp takes it from necessity to flat out insult.
Absolutely.
Of course, it would take a co-ordinated effort by many people and won't be done just by one person. Hopefully, enough people realise that Bitstamp is collecting over the top amounts of info that isn't required by law.
I'm absolutely fine with KYC being done according to the regulations (like LBC's new terms, etc.), but Bitstamp is requiring excessive amounts of private and completely personal info. That's not acceptable, imo.
