What are they doing with your passport?
I don't think it's that they're going to do something with it per se, but my guess that it's most likely just a requirement from the government, simply because money is involved.
Btw why are governments so quiet? I understood companies want to know their customers and get rid of illegal things without knowing who did that. Maybe it's not related to this topic but just think, why are they in silent? This company operates from USA, almost all of USA exchanges, social networks and etc steal and get our data, so in overall huge data is under control of USA government. Isn't this dangerous for other governments? Especially when one government owns ID documents of your citizens?
They're aren't actually quiet lately. Have you seen the recent senate committee hearing concerning Libra? It was almost all attacks on Zuckerberg and Facebook that they didn't keep their word concerning their user's data.
Also, it's not like Uphold is requiring KYC for their financial gain. It's most likely because it's a regulatory requirement.
the biggest issue I see is that companies like Brave are using"privacy" and other cypherpunk fundamentals only as an advertisement. Are they really comprised with that ideals of a Free web?
I was reading that they allow publishers only to withdrawal funds after kyc, and even so to a custodial service that doesn't allow you to have the privatekeys (uphold "wallet").
Yes. It's actually a good browser for privacy purposes due to it's tracker blocking features. Also, it's open source.
And again, the KYC requirements are more likely for regulatory requirements. Because yes, the company runs in San Francisco CA.