Post
Topic
Board Service Discussion
Re: BitPay -- KYC is here!
by
figmentofmyass
on 16/01/2021, 19:37:38 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.

phew! i'm in the states. that explains it. thank you for sharing the link.

not that i don't expect similar policies to be rolled out in the USA---i do. i'm just enjoying the non-KYC situation while we still have it.

At the end of the day, KYC for any and every payment, no matter how small (getting KYCed to buy a pizza!) is utterly ridiculous. We should not be OK with this.

i don't know the intricacies of AMLD5 but i think it mandated a €50 limit on anonymous payment methods. IIRC even EU-based faucets and tipping services shut down because of it. so i'm not entirely surprised. brutal...