If some of you ever used Wasabi wallet and then you want to send Bitcoin to Gemini exchange, you should think again about it.
I saw one user on reddit posting screenshot of email from Gemini support asking him to refrain from using Wasabi or mixers, and they are asking him for documentation evidence for source of his coins, with information about his salary, proof from his employer, link for his profile, bank statements, certificates, signed letters from lawyer, inheritance...
I think it's borderline crazy to ask your customer to send you all this crap and more... but I guess we live in a crazy world, and we shouldn't use or depend on centralized exchanges at all.
https://www.reddit.com/r/Gemini/comments/usvlny/just_received_a_disturbing_requestemail_from/
I saw one user on reddit posting screenshot of email from Gemini support asking him to refrain from using Wasabi or mixers, and they are asking him for documentation evidence for source of his coins, with information about his salary, proof from his employer, link for his profile, bank statements, certificates, signed letters from lawyer, inheritance...
I think it's borderline crazy to ask your customer to send you all this crap and more... but I guess we live in a crazy world, and we shouldn't use or depend on centralized exchanges at all.
https://www.reddit.com/r/Gemini/comments/usvlny/just_received_a_disturbing_requestemail_from/
Also heard the same from some FI clients of someone I know working in the bank.
They've been on mild alert since the OFAC sanctions on Blender and while they haven't had to deal with it, they're already saying to the FIs to avoid using mixers.
Note that exchanges AND casinos (I wouldn't have believed it if it didn't happen to me) even are now asking for separate things:
a. source of funds (the easiest, but not if you're using mixer or CoinJoin)
b. proof of source of funds (this is the nastiest, you'll need to be able to sign from source addresses if you say source of funds is your own wallet)
c. source of income (somewhat easy if you're drawing a salary with contracts, tax or do proper invoicing)
I am becoming pretty experienced in all the above now... have passed a few with great difficulty, but you're right, it is going to get a lot crazier for residents in Europe (because of the US).