Re: Bitcoin-Central, first exchange licensed to operate as a bank. This is HUGE
People will abuse your service like crazy to get bitcoins from ebay scams etc.
Abuse will happen, our job will be to adapt. Policies are never set in stone and need to adapt to the evolution of threats.
Maybe you got KYC policies in place to prevent that, but then i would openly write about it and not just say 'a normal ID will be enough to get verified'.
Requiring an ID is already a KYC policy.Because thats how MtGox does it, not ask for ID at all but they could at any moment require notarized passports etc which some people cant get or dont want to send to them.
If you are planing to do it in a similar way then i bet we get alot of angry threads after the initital hype
As per our ToS we may require additionnal documentation from users if the need arises.If you are planing to do it in a similar way then i bet we get alot of angry threads after the initital hype
It is never nice to be in the position of having to submit additional documentation but it can happen.
Promising never to do it would be a lie. We can not promise that.
What we can promise is that we'll do our f**ing best for everyone to have to most pleasant experience possible.
Maybe one day we won't be needed anymore, maybe one day fiat will belong in museums. Maybe one day these regulations will be gone.
But that's something that we can only collectively make happen. And I feel that, today, we made a step in the right direction.