Quote from: Raja_MBZ on March 19, 2019, 07:08:30 PM

Quote from: Interesting!! on March 13, 2019, 09:29:54 AM

Quote from: Raja_MBZ on March 07, 2019, 07:23:28 PM

DEX asking for KYC? Roll Eyes

Actually the problem, the way I see it, it raises the operational cost for the exchange as well as traders down the line. It places user information in a position to be compromised by hackers increasing identity theft just because these legislations are not standardized and designed for your safety. Half backed laws with only one goal in mind (Surveillance) at any cost. Certainly does not stop money laundering, or terrorism, but are sold under presumption it's for your best interest and safety, from whom exactly? The same people making these laws, interesting to say the least. Yes, I have no issues with regulation or laws for the crypto space, but introduce a damn law or regulation that actually does what it's intended to do. KYC/AMIL are ill-conceived at this point and thus far it only protects you in the same manner as the mafia protect you. Obeid by our laws or we shut you down, or arrest you, even though you didn't do anything wrong. KYC/AML need to be revised by people that actually give a damn about the people they govern and not just their own agendas. Need to be revised by people that actually have a foundation to understand what crypto is in the first place. Well, that's my 2 cents worth.

Well said, merited!

Quote from: Sellman on March 15, 2019, 01:12:33 PM

So, what will happen if they use fake IP address that has not been in USA? Roll Eyes

That'll work! As mentioned by Jimmy McShill in his Medium article (Bypassing CryptoBridge KYC):

Quote

Using VPN to bypass CryptoBridges KYC

The following steps describe in short how you easily bypass even an already accepted KYC:

Use a virtual private network (VPN) service which is not located in the USA. This way CryptoBridge can not make any conclusions about your actual position and can not refuse the service.

Create a new BitShares account with the VPN connection and accept the terms of service with answering the Are you a U.S. citizen? question with No.
Use the Send feature of the UI to send your funds from the old account with active KYC-demand to the new Non-US account on the BitShares blockchain. Because this is done on the BitShares blockchain its nearly free.

Use CryptoBridge with your new account via VPN and without KYC.

Using Gateways without KYC

If you dont want to use a VPN you can simply use another gateway provider which does not demand you to do KYC before depositing or withdrawing assets!
For example:

Use the OpenLedger gateway to deposit BTC. You then get credited OPEN.BTC.
Exchange the OPEN.BTC to BRIDGE.BTC and go on trading on CryptoBridge with BRIDGE.XXX pairs.
If you want to withdraw the BTC again, exchange the BRIDGE.BTC to OPEN.BTC and withdraw them via the OpenLedger gateway.

But if authorities become aware that users are actively bypassing the KYC, I think it is possible that they will raise the KYC bar for Cryptobridge to comply with the law.