Quote from: donalddump on August 09, 2017, 05:51:51 PM

Quote from: cryptomole on August 09, 2017, 05:46:47 PM

Quote from: donalddump on August 09, 2017, 05:37:17 PM

No fiat processor will work with them, they will not work under BTC-E brand meaning they do not intend to pay the 110 mil fine, their company is registered on a 20 yo person with a capital of 100 pounds.

Why do they need our documents? To open bank accounts on our names or another fictive companies for their scams?

They need our documents to comply with kyc & aml legislation

What legislation?

They will not work with fiat meaning they do not need kyc & aml.

They do not intend to pay the fine meaning they are doing another trick to escape the law.

They do not share any information about the real owners.

And after all this they want to comply kyc legislation?

It's very strange to say at least.

At a glance, it seems like good news, but I agree that this is puzzling and worrisome. Surely the launch of any new brand will have the same target on its back. I'm guessing the reason for KYC is to deter some darknet participants from claiming any funds, thus improving their balance sheets. I suppose this might already be priced into any proposed investment deal.

But handing over documents in this situation (even with completely legitimate funds from trading only) doesn't feel very good...