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 ?
There have been cases where people have gotten convicted for running an "unauthorized money transmission service", because they sold bitcoins. So you bet bitcoin exchanges / sellers would want to take all the precautions they can.