Quote from: ashleyconnor on March 04, 2014, 11:27:24 AM

Quote from: franky1 on March 03, 2014, 04:06:05 PM

Quote from: ashleyconnor on March 02, 2014, 11:39:59 AM

Other than that your webcam idea is too much friction. Customers will just go elsewhere.

again.. people not wanting to do KYC !!!!

as for going elsewhere. tell me what "elsewhere" services allow UK bank Faster payment..

by being legal in the UK you have to do KYC. if you want to run a business in a different country/avoiding KYC, then your dodging FIAT laws, avoiding bringing new enterprise to UK and also adding extra costs to the customer (fiat exchange rates, delays)

this thread is about UK business owners wanting UK infrustructure. not passports to move to malta

There's no doubt you have to do KYC but getting on a webcam everytime you want to login or move money is a massive amount of friction to customers. Bitcoin's main demographic is males 18-25 who distrust government and value their privacy. I doubt they'd use your 1984 exchange.

Scanning your passport and uploading it to somebody who could be storing it insecurely is bad enough.

I don't know where your passports and Malta comment came from...

thank you for showing proof of why banks wont trust you (the people with bitcoin ideologies (not making personal attacks)).
you think you can ignore the FIAT laws because its in the best interest of bitcoin users. this is why you should not be dealing with fiat on a large scale. if you dont like fiat laws then set up a altcoin exchange that does not trade in fiat. purely altcoin to alt coin.

if you want to trade in fiat then follow the fiat laws. its just that simple.

my passport for malta comment was about instead of trading in the UK some people advise to go offshore which again avoids the UK laws.

and studio1one:
what you "feel is enough to remain compliant" has nothing to do with what the regulations REQUIRE you to remain compliant.

guys please do not ignore the regulations of fiat based on personal feelings. the law is the law. until we change the law we have to obide by it. so either change the law of follow it. dont ignore it or you will never get banks trust.

(i personally have the same ideologies as you. but personal and business should not mix when it comes to the law)