Replies (28)

Would you go around promoting facebook as a KYC free social media, just because you can fib on the info?
KYC is the process of identity VERIFICATION. Which they do not require in order to complete transactions. Notice where it doesn't say KYC is the process of ASKING for an unverified identity. KYC is the process of VERIFYING the identity. image
And they won't know who you are if you don't tell them. But saying KYC is just "knowing your customer" is absolutely a false statement. While the acronym KYC stands for those three words, there is an enormous legal framework in place that people are referencing when they say KYC.
I do use their service. I love it. I will not accept that they dont require kyc though. Can you lie? Yup. Understand the difference. Truth wins.
I never mentioned this legal framework. Only the term KYC. Know your customer. Asking any personal info like name and email is kyc.
The term itself REFERS to the legal framework. Companies aren't implementing KYC because they want to, they're implementing it because they're forced to follow the regulations by government agents. There is no "KYC" without the regulations. Pretending they don't have anything to do with our discussion is the most dishonesty I've seen so far on this topic.
I am about the truth. Why cant i love a service but realize people are misrepresenting how it works? See things differently.
No KYC bro. Thats all. Im glad you didnt give your real info to bullbitcoin.