Post
Topic
Board Service Discussion
Re: eXch is closing. What are the alternatives?
by
Trêvoid
on 13/06/2025, 17:27:04 UTC


Quote
You agree to undergo AML/KYC procedures at any time Exolix requests. This can include providing valid state documents and information on fund origin.

Most people cannot even provide such a source of funds beyond a transaction hash, username and website because it's largely peer to peer.

<I think asking for unrelated documents such as salary invoice is diabolical because there's no way to prove that the user actually sent coins from that source.>

While they claim it’s for compliance, it goes against the spirit of crypto and makes using their service feel intrusive and unfriendly.