Post
Topic
Board Development & Technical Discussion
Re: Proposal for some BIP with KYC elements
by
jl2012
on 25/04/2015, 15:49:44 UTC

Implementing this "trust" layer on wallets should be a decision of the wallet developers,if they decided to add a BIP like that,they will be responsible for verifying their customer's information,otherwise their service will not be considered 'trusted',(i didn't mentioned that,but its the wallet service provider responsibility).



So this is basically to establish the bitcoin version of Paypal or VISA. This is application level, not protocol level

The direction here is to create some standard for verifying identities,because i see that every new bitcoin "company" trying to create her own standard and what i think is that we need to create some consensus in a much lower level then everyone apps/services.

No such consensus is possible because different countries (and different parts of a county) will always have different standards and requirements.