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.
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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.
BullBitcoin ASKS for - but doesn't REQUIRE - KYC should be the accurate message. Otherwise you're as wrong as the people who say BB is "KYC free"
Ask and require are two totally different things.
Police can ASK for your ID at any time, but they can only REQUIRE it under specific circumstances.
Do you not realize the difference?
Incorrect.
*A* name is required.
Are you suggesting that Starbucks is KYC because they ask for - and don't verify - a name in order to get your coffee ?
Yeah I've seen it every time you repost it.
Like the "over 18" self-reporting, there is no verification - which means a real name is NOT required, despite whatever it says there.
We're definitely talking about verification, because without verification, they don't "know their customer"
Logic fail
No KYC bro. Thats all. Im glad you didnt give your real info to bullbitcoin.