it could be but it all depends on regulation from your government. because if it's like what you said, the platform will still be in touch with the bank where you live. and the platform must cooperate with the bank for deposit and withdrawal linkages.
I'm not sure that's enough to verify account ownership data. and I think KYC will still be the solution to such exchange platform problems.
although I'm not really into KYC, it seems that all data nowadays can't be truly anonymous. everyone is more open with their data to accelerate their activities.
Topic: Did I can make platform without KYC verification - page 4. (Read 462 times)
The reason of making Bitcoin in the first is decentralized money and be P2P safely but now we can see many platform start controlling this crypto currency buy KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime
Although it's your platform and you can make your own rules, if you want to succeed, you need to follow the standards. KYC is required for users, as you will become regulated by the government when applying for a license.
Running a decentralized exchange without permits and licenses is equivalent to running an illegal exchange. I apologize for potentially ruining your plan, but that's the reality now.
It seems like you're want to create an anonymous P2P platform, some existing P2P platform and decentralized exchange won't ask your KYC, but you need to link your bank account or digital wallet that you have verify in order to receive your fiat money.
So the problem about your' idea project is about the no KYC wallet that can receive fiat money, I don't know about such wallet and you need to have a high trust on that since it must be not legal or licensed.
So the problem about your' idea project is about the no KYC wallet that can receive fiat money, I don't know about such wallet and you need to have a high trust on that since it must be not legal or licensed.
There are some and they are unsafe, whatever you do involving fiat you have to abide the laws of governments, they control the banks. Use decentralized exchanges which will let you to freely swap crypto but no fiat though.
The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime
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