Metamask does not ask for kyc data, it is a decentralized wallet
https://support.metamask.io/privacy-and-security/will-metamask-ever-ask-me-to-verify-my-account/
https://support.metamask.io/privacy-and-security/staying-safe-in-web3/i-received-an-email-claiming-to-be-from-metamask-is-it-legit/
I wrote this for those who are afraid to use the wallet and there are no restrictions on exchanges there.
If you use the transak.com custodial service, you must abide by its rules.
If you don't want to use custodial services, look for a solution in this thread
https://web.archive.org/web/20231108171939/https://bitcointalk.org/index.php?topic=5461917.0
Topic: Thank you UK Government! (Read 38 times)
Even if it is only for first-time customers, it is absurd to apply it on amounts as low as 5 pounds.
Thats what you get for going through centralized 3rd parties to engage in crypto. what did you expect? they can do anything they want to.
Indeed, it is ridiculous, like many regulations that reach the point of absurdity. I recently learned about a regulation on a parking lot that can only be understood if the person who made it and the municipal corporation that approved it are morons.
Even if it is only for first-time customers, it is absurd to apply it on amounts as low as 5 pounds.
I think this kind of feature is on transak.com, a 3rd party provider that Metamask uses to buy and sell inside of their wallet.
It says it is only for first-timer customers, is this your first time doing the transaction with Transak inside Metamask?
It says it is only for first-timer customers, is this your first time doing the transaction with Transak inside Metamask?
Even if it is only for first-time customers, it is absurd to apply it on amounts as low as 5 pounds.
I think this kind of feature is on transak.com, a 3rd party provider that Metamask uses to buy and sell inside of their wallet.
It says it is only for first-timer customers, is this your first time doing the transaction with Transak inside Metamask?
I found this article from Transak:
Cooling-Off Period
It says it is only for first-timer customers, is this your first time doing the transaction with Transak inside Metamask?
I found this article from Transak:
Cooling-Off Period
A distinctive feature of the new rules is the introduction of a 24-hour "cooling-off" period for new customers.
This measure is designed to allow first-time investors a window to reconsider their decision, thus ensuring they are not rushed into making potentially risky investments without adequate understanding and consideration
This measure is designed to allow first-time investors a window to reconsider their decision, thus ensuring they are not rushed into making potentially risky investments without adequate understanding and consideration
I was just about recklessly spend my £5-6 quids on topping up Metamask wallet but luckily, thanks to the UK regulations, I was given an extra 24 hours to re-think my life and reconsider if I really wanted to do this:
Seriously, is this a real thing? This is the first time I've experienced the "cooling off period", but I wasn't doing any trades outside of exchanges I was already registered and KYC'ed.
This is beyond ridiculous, especially when there are no such restrictions for purely gambling sites. The UK is doomed.
Seriously, is this a real thing? This is the first time I've experienced the "cooling off period", but I wasn't doing any trades outside of exchanges I was already registered and KYC'ed.
This is beyond ridiculous, especially when there are no such restrictions for purely gambling sites. The UK is doomed.
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