Since CryptoBridge entered the market, we are on a mission: Thinking decentral.
Hahahahaha, good one.
Therefore, starting October 2019, all existing and new users are required to submit user verification before continuing to use deposits and withdrawals, to protect customers and CryptoBridge from being held responsible for any illegal intentions or money laundering activities. Introducing AMLD5 not only creates a legal status for crypto assets, it also enables them to become viable and legitimate financial networks. It also facilitates the listing of security tokens on CryptoBridge.
In plain English: If we don't do this, our profits will be affected, and we care
way more about out own profits than we do about your privacy or security.
We are working closely with our partner Fractal who stores all user-submitted data
Oh good. A third party storing all users' data. Because that's never gone wrong before *cough* Binance.
This is the height of scummy behavior, as far as I am concerned. If you are going to implement KYC, then you should give your users plenty of notice so the ones who don't want to compromise their own security can withdraw their coins. Holding users funds hostage and demanding they either sacrifice their coins or sacrifice their information is incredibly immoral. It's becoming an increasingly common event, and one of the reasons I stay away from centralized exchanges at all costs.
Hows this one "to protect customers and CryptoBridge from being held responsible for any illegal intentions" lol sure. I feel so much safer now that who knows who has my personal info. I don't feel unsafe at all.
If a criminal steals my info that makes me feel so safe.
I don't need protecting thank you very bloody much. My god, I love how they act like they doing us a favour when all they really doing is making things really shitty for your common user just because about 0.001% off users launder money. If they cant tell hte difference between a legit transaction and one that might be dodgy then they have no business calling themselves an exchange.
I wish I could run an exchange. I would never implement KYC for anyone. government can kiss my arse. Matter of fact the government here has told people to not give any info to anyone no matter what they say esspecially within the crypto realm. They basically want nothing to do with it in the way that if you mess up or get scammed don't come crying to them cuase there is nothing they can do. I think that is fair dont you? Basically they are telling their citizen to be resposible for themselves and not be baby sat.
