Strategy regarding compliance | Bitcointalksearch.org

suchmoon

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Quote from: paxmao on June 07, 2018, 11:28:28 AM

Quote from: suchmoon on June 06, 2018, 08:58:28 AM

Quote from: Don Pedro Dinero on June 06, 2018, 12:35:45 AM

Quote from: suchmoon on June 05, 2018, 12:56:24 PM

Offshore / crypto-only services will still exist without KYC - I think there is a demand for that.

I'm not so sure of this. Most offshore fiat banks require KYC if you want to open an account with them. They even require KYC for bitcoin cards from very low amounts.

Sorry, ignore the slash in my post. I meant crypto-only, non-fiat services.

Maybe Binance moving to Malta is an indication of their stance on this.

I don't know what Binance is trying to do with this but I have a feeling their KYC policy will change for the worse. I just hope that they will offer a grace period to withdraw the funds if they lower or remove their 2-BTC-no-questions-asked limit.

paxmao

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Do not die for Putin

Quote from: suchmoon on June 06, 2018, 08:58:28 AM

Quote from: Don Pedro Dinero on June 06, 2018, 12:35:45 AM

Quote from: suchmoon on June 05, 2018, 12:56:24 PM

Offshore / crypto-only services will still exist without KYC - I think there is a demand for that.

I'm not so sure of this. Most offshore fiat banks require KYC if you want to open an account with them. They even require KYC for bitcoin cards from very low amounts.

Sorry, ignore the slash in my post. I meant crypto-only, non-fiat services.

Maybe Binance moving to Malta is an indication of their stance on this.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: Don Pedro Dinero on June 06, 2018, 12:35:45 AM

Quote from: suchmoon on June 05, 2018, 12:56:24 PM

Offshore / crypto-only services will still exist without KYC - I think there is a demand for that.

I'm not so sure of this. Most offshore fiat banks require KYC if you want to open an account with them. They even require KYC for bitcoin cards from very low amounts.

Sorry, ignore the slash in my post. I meant crypto-only, non-fiat services.

Don Pedro Dinero

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The first decentralized crypto betting platform

Quote from: suchmoon on June 05, 2018, 12:56:24 PM

Offshore / crypto-only services will still exist without KYC - I think there is a demand for that.

I'm not so sure of this. Most offshore fiat banks require KYC if you want to open an account with them. They even require KYC for bitcoin cards from very low amounts.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: paxmao on June 05, 2018, 05:25:22 PM

Quote from: suchmoon on June 05, 2018, 12:56:24 PM

This will probably end up in an ever-deepening split between regulated and unregulated markets. Exchanges and other services in countries like the US, particularly ones dealing with fiat, will be compelled to comply with regulations, full KYC, etc. Offshore / crypto-only services will still exist without KYC - I think there is a demand for that. Regulators and lawmakers don't really grasp the technology so they will simply squeeze the compliant entities as much as they can and declare others as outlaws/terrorists etc. Not sure whether sending crypto from one side to the other can be successfully restricted. You can put any coin through a mixer.

Now that you mention mixers, could you point out some that you think a legit and worthy?

Chipmixer.com is the one I use.

paxmao

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Merit: 1575

Do not die for Putin

Quote from: suchmoon on June 05, 2018, 12:56:24 PM

This will probably end up in an ever-deepening split between regulated and unregulated markets. Exchanges and other services in countries like the US, particularly ones dealing with fiat, will be compelled to comply with regulations, full KYC, etc. Offshore / crypto-only services will still exist without KYC - I think there is a demand for that. Regulators and lawmakers don't really grasp the technology so they will simply squeeze the compliant entities as much as they can and declare others as outlaws/terrorists etc. Not sure whether sending crypto from one side to the other can be successfully restricted. You can put any coin through a mixer.

Now that you mention mixers, could you point out some that you think a legit and worthy?

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

This will probably end up in an ever-deepening split between regulated and unregulated markets. Exchanges and other services in countries like the US, particularly ones dealing with fiat, will be compelled to comply with regulations, full KYC, etc. Offshore / crypto-only services will still exist without KYC - I think there is a demand for that. Regulators and lawmakers don't really grasp the technology so they will simply squeeze the compliant entities as much as they can and declare others as outlaws/terrorists etc. Not sure whether sending crypto from one side to the other can be successfully restricted. You can put any coin through a mixer.

mdayonliner

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We are Bitcoin!

Quote from: paxmao on June 05, 2018, 05:50:13 AM

One of the main points the NEO promoters argue is that it has "compliance built in". Tokens and chains are also using their ability to be compliant to promote their use.

On the other hand, some exchanges are closing the privacy oriented coin pairs, possible in search of the huge investments from funds and institutions while some others run to tax heavens or favorable territories.

What's the winning strategy for the next years?

I always thought it's an advantage for NEO. It's an extra layer. For example Ethereum: Digital asset plus smart contract. NEO has both but in addition it also has digital identity. In NEO network everyone has their digital identity.

I always believed in NEO. May be they will have hard time if it happens (exchanges are closing the privacy oriented coin pairs). There are already some good projects built on NEO platform and more are are in progress. NEO should survive, as long as we will see people are using the platform to build their applications.

paxmao

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Activity: 2184

Merit: 1575

Do not die for Putin

One of the main points the NEO promoters argue is that it has "compliance built in". Tokens and chains are also using their ability to be compliant to promote their use.

On the other hand, some exchanges are closing the privacy oriented coin pairs, possible in search of the huge investments from funds and institutions while some others run to tax heavens or favorable territories.

What's the winning strategy for the next years?

Topic: Strategy regarding compliance (Read 177 times)