Post
Topic
Board Service Discussion
Re: BitPay -- KYC is here!
by
malevolent
on 16/01/2021, 09:08:07 UTC
Found a response on Reddit from a BitPay staff member: https://www.reddit.com/r/btc/comments/kvujzq/fck_bitpay_use_coingate/gj0w8se/. It seems like they have introduced or are introducing mandatory KYC for all EU customers, regardless of value of transaction.

I think they're being overly cautious, though, small transactions up to 150 EUR/month should be excluded, and there are ways of avoiding even that for businesses like Bitpay, unless the Netherlands where Bitpay's EU HQ are located implemented the directive differently.