Quote from: xbtx on October 03, 2019, 07:21:17 PM

Quote from: figmentofmyass on October 02, 2019, 10:21:15 PM

maybe. i honestly don't know how much longer that model will hold up. you've got american FINCEN closing in on one side and the EU commission on the other. they're picking off the low hanging fruit (like 1broker) first, but the CFTC is already investigating bitmex for allowing americans. bitmex doesn't do KYC and they allow VPN usage. so the CFTC probe is a sign of things to come IMO.

Does the US require KYC even for non-FIAT services? Most of the EU countries only require KYC systems on FIAT-handling services (which let you exchange for FIAT), not crypto-only services.

Some platforms require KYC even for signing up and trading crypto to crypto, but from experience, it's fairly easy to trade crypto to crypto, there are a number of platforms what will let you do so, or you could always VPN and use services that are closed for US IPs but still accept VPN's (like a couple mentioned in this thread.).

Quote from: AdolfinWolf on October 03, 2019, 02:27:20 PM

Quote from: figmentofmyass on October 02, 2019, 10:21:15 PM

last time i needed a service like this (a few months ago) i used flyp.me---worked very smoothly, no KYC.

Quote from: marcotheminer on October 02, 2019, 07:38:05 PM

ShapeShift probably wants to continue 'easy operations' in the US. If Fox.exchange says screw it and just requires VPN use then no need to listen to the US Wink

maybe. i honestly don't know how much longer that model will hold up. you've got american FINCEN closing in on one side and the EU commission on the other. they're picking off the low hanging fruit (like 1broker) first, but the CFTC is already investigating bitmex for allowing americans. bitmex doesn't do KYC and they allow VPN usage. so the CFTC probe is a sign of things to come IMO.

Meh. I don't think it matters much for these kind of P2P services. Fox.exchange will probably just keep operating, and as soon as an investigation is launched, they'll probably just close shop, - or open a new company using another shell on another island.

US will never catch them, or atleast, it will never be really worth to do so.

Bitmex though, yeah, that's a different story. I could see some compliance issues real soon.

I agree, as much as it sucks, a lot of companies like these are probably not worth the effort for the government to chase and have a lifespan to them, I'd probably guess they get shut down by the end of 2020, then come back as a different company in 3-4 months.