Topic: How long realistically before global mandatory kyc on all exchange/VASP? - page 2. (Read 451 times)
June 19, 2019, 04:08:27 PM
I don't think exchanges have anything to stall for anymore right now they are lucky they are only facing orders and planned actions but if KYC becomes a requirement in written law they cannot fo anything anymore to become a anonymous exchange. It's either they asked KYC earlier to be prepared than be put out of business temporarily without them able to show up KYC requirements for their clients once the madatory requirement become in order. Binance already pulled the plug in the U.S. market which is showing signs that U.S.A will be the first one to strike with it, so I'll probably move out my funds ffrom those exchanges who aren't already asking KYCs.
June 19, 2019, 03:55:13 PM
I think that there will always be certain platforms that are unregulated
Yobit and the rest of the shitcoin exchanges will happily continue to offer their services to anyone without holding back. The more competent exchanges start to comply with regulations, the more Yobit will benefit. I doubt they will grow out to such size where they become interesting for authorities to chase after. Yobit will continue to have an easy ride.
Too bad Yobit is a shady entity. If they behaved normal I actually would support them to stay unregulated. It's always good to have a non-kyc exchange where you can dump your forks and airdrops without hassle.
June 19, 2019, 03:38:09 PM
Bitseven just pulled the plug on US residents today.
Things seem to be moving fast. I fear the days on bitmex, bybit etc are numbered.
What could Arther possibly do to stop this, what real recourse does he have? I'm sure he has a few tricks to stall. But I'm sure the other small exchange will buckle and comply.
I don't think anyon truly understands how incredibly few options American's have to buy crypto and the type and leverage etc. Regulators are breakin our legs. Total madness, makes me regret that I don't have close canadian family or friends, I'd use their kyc in a heartbeat.
Things seem to be moving fast. I fear the days on bitmex, bybit etc are numbered.
What could Arther possibly do to stop this, what real recourse does he have? I'm sure he has a few tricks to stall. But I'm sure the other small exchange will buckle and comply.
I don't think anyon truly understands how incredibly few options American's have to buy crypto and the type and leverage etc. Regulators are breakin our legs. Total madness, makes me regret that I don't have close canadian family or friends, I'd use their kyc in a heartbeat.
I think that there will always be certain platforms that are unregulated, or exist in jurisdictions where regulated exchanges allow for non-KYC accounts to use their services.
Furthermore, due to the decentralized nature of bitcoin, it is extremely hard for there to be a global consensus for lawmakers as to what path to pursue - especially when revenue is on the line if a country does choose to allow more progressive crypto laws.
But you're right in terms of the fact that we're heading in this direction. Nationally, U.S. I think has already tightened their regulations so much that essentially all regulated exchanges will require KYC from you. Exchanges like Polo and Bittrex used to allow semi-anonymous accounts, but not anymore. But globally, it is extremely hard to enforce, and I think p2p options will always be open.
June 18, 2019, 11:20:20 AM
How about Binance though? They are offering a trading platform customized to US citizens, partnering with BAM Trading Services. But they haven't release any date yet as far as I know. I'm not a US citizen but I can feel where you coming from, US regulators are really coming down very hard on every US crypto enthusiast that it's really hard to get like yourself going in this crypto sphere.
They're creating it to presumably be fully US compliant and as this thread ably demonstrates the US doesn't want people playing with margin unless they're big swinging dicks.
The very short lived gdax margin trading was for institutions and stuff only.
June 18, 2019, 11:16:28 AM
How about Binance though? They are offering a trading platform customized to US citizens, partnering with BAM Trading Services. But they haven't release any date yet as far as I know. I'm not a US citizen but I can feel where you coming from, US regulators are really coming down very hard on every US crypto enthusiast that it's really hard to get like yourself going in this crypto sphere.
it was on the news that Binance is going to stop serving the US customers , so it is not an option anymore
https://www.newsbtc.com/2019/06/15/bitcoin-price-jumps-above-8700-following-binance-us-closure/
not sure if this can be trusted , but some thought that this news was the reason for the bull run we are seeing, somehow
one thing is for sure - KYC and limitations on bitcoin trading is becoming reality , US first , then , probably , the rest will follow
June 18, 2019, 09:58:05 AM
How about Binance though? They are offering a trading platform customized to US citizens, partnering with BAM Trading Services. But they haven't release any date yet as far as I know. I'm not a US citizen but I can feel where you coming from, US regulators are really coming down very hard on every US crypto enthusiast that it's really hard to get like yourself going in this crypto sphere.
June 18, 2019, 08:52:57 AM
I do hope you don't have any money on Bitmex because it's been shut for Americans for ages. Presumably you're accessing through a VPN. Make sure you don't slip up.
The only place I can think of off the top of my head is Kraken, but getting dollars on there is not simple.
The only place I can think of off the top of my head is Kraken, but getting dollars on there is not simple.
June 18, 2019, 06:12:13 AM
Bitseven just pulled the plug on US residents today.
Things seem to be moving fast. I fear the days on bitmex, bybit etc are numbered.
What could Arther possibly do to stop this, what real recourse does he have? I'm sure he has a few tricks to stall. But I'm sure the other small exchange will buckle and comply.
I don't think anyon truly understands how incredibly few options American's have to buy crypto and the type and leverage etc. Regulators are breakin our legs. Total madness, makes me regret that I don't have close canadian family or friends, I'd use their kyc in a heartbeat.
Things seem to be moving fast. I fear the days on bitmex, bybit etc are numbered.
What could Arther possibly do to stop this, what real recourse does he have? I'm sure he has a few tricks to stall. But I'm sure the other small exchange will buckle and comply.
I don't think anyon truly understands how incredibly few options American's have to buy crypto and the type and leverage etc. Regulators are breakin our legs. Total madness, makes me regret that I don't have close canadian family or friends, I'd use their kyc in a heartbeat.
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