I am wondering how SALT made the decision that US$2k and below doesn't need KYC whereas any investment above requires? It goes against the basic principle of KYC and AML.
Anybody can shed some light since SALT ain't really responsive here.
$2k withdrawl is the maximum amount that retailers and money exchanges (ie Western Union) can allow before filing a Suspicious Activity Report (SAR). Any place that will cut you a money order is legally required to file one if you're purchasing >2k (in the U.S.).
I'm more pissed about needing to redeem a token in order to withdraw what I have. Like seriously, bait and switch all for the purposes of inflating your initial user count? Nickel and dime shit like this leaves a bad taste in my mouth and is highly unprofessional. It's time to take to twitter and LinkedIn.