Post
Topic
Board Trading Discussion
Re: AML/KYC Explained
by
scorpiokk
on 26/10/2021, 07:40:36 UTC
AML/KYC is a barrier to entry for small Bitcoin startups and effectively hinders Bitcoin innovation .. it should be IGNORED

I've seen several exchanges dont have any KYC restrictions if you are dealing with smaller amounts. As soon as your transaction size or overall volume reaches a certain level then they ask for more information. Does this mean that youre not likely to get fined if you're selling someone few hundred bucks of Bitcoin?