Post
Topic
Board Service Announcements
Re: ShapeBTC.com - unlimited cryptocurrency exchanger
by
Z-tight
on 15/05/2024, 17:05:28 UTC
My point is that XMR transaction cannot be analyzed for "AML risk score" like other cryptos like Bitcoin and Ethereum. So an exchange cannot arbitrarily ask for KYC if detected user's coins as "dirty".
That is why centralized exchanges are delisting Monero and other privacy coins too, however, you have to submit your personal info to centralized exchanges before you can trade there in the first place.

Take note that they can confiscate your money even if they do not have proof that the coins was stolen or from an illicit source, because blockchain analysis corporations mostly rely on guesswork and their findings aren't always correct. What i am saying here is that they can seize your coins at anytime and treat it as 'dirty', not because they actually found anything on it, i.e. just because it came from a mixer or because they consider it suspicious, but wouldn't tell you the reason why they consider it as such.