Quote from: aaron25177 on September 08, 2017, 02:26:10 AM

Quote from: Retired on September 08, 2017, 12:16:21 AM

Quote from: illinest on September 07, 2017, 11:42:19 PM

They previously said no verification was required to trade. I am concerned about this answer, though:

Quote

"Do I need to undergo verification in order to start trading on a new site?" If the balance of the account on the new site is replenished in koin, then no. If in fiat, then yes.

Does that mean that if you don't take the refund now, and you have your fiat balance transferred to the new site, that you must verify?

I think that's what it means.

No one will have fiat in new site. You will have coins and fiat tokens. The question is whether the fiat token counts as fiat. I think they are only saying if you deposit or withdrawal fiat, then you will need to be verified. Still waiting for clarification though

They said there will be no conversions once the new site is launched. That means if you held fiat on BTC-e, that some will be returned as "USD" and some will be returned as "USDET." That's what it looks like from the token tab as well.

It's pretty obvious by now that they intend to offer fiat trading/deposits/withdrawals. My gut says that doesn't seem sustainable, but billions of dollars are laundered every day. So, why not? If they can get some minimal level of fiat processing through whatever shady third party payment processors, perhaps some confidence can return. After all, the BTC-e code economy, I believe, was magnitudes larger than the actual fiat deposit/withdrawal volume of the site. Time will tell.