Post
Topic
Board Exchanges
Re: An European Regulated P2P Cryptocurrency Exchange is Going to Live Soon!
by
o_e_l_e_o
on 09/05/2020, 08:06:12 UTC
Reply 2 : Well understood, the thing is, we do not share customer information with government unless there is a risk of money laundering for a specific transaction/user account.
As I suspected. You've gone from "peer-to-peer", to "we don't share your information with the government", to "we collect KYC via a third party", to "we share your details with the government if they ask for it". This is no better than any other centralized exchange in terms of privacy.

Shiftal has access to the crypto funds as we provide an escrow service.
How can you claim your exchange is peer-to-peer if you have access to everyone's coins? That's the very definition of being centralized.