Quote from: WILLYCLINTON on August 25, 2016, 05:04:38 AM

HUH ?
what ?

"Companies have to comply with 'know your customer' and 'anti money laundering' laws to be able to conduct business."

last time i checked, its mainly banks that have to do that... so is bitcoin a banking product ?

i went to my local pawnshop and bought some items (including silver) and they didnt ask for i.d. .

i just dont get it ..... anybody else got input on this topic ?

In many jurisdictions, it's not only "banks" but those that are in the business of transmitting money. So for example, brokers/exchanges that take your USD in exchange for Bitcoin, or wire you out USD need to hold certain licenses. Being a money transmitter entails certain AML and KYC policies. Different sites interpret the extent to which you must identify yourself differently. Basically, if fiat money is involved, you need to provide documents. If it is all crypto -- deposit, withdrawal, trading -- there are many sites which will not require documents.