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Board Beginners & Help
Topic OP
Confused on the True Purpose of Non-KYC Crypto Debit/Prepaid cards
by
dim_mak5
on 21/07/2025, 20:02:58 UTC
Hi,

Non- KYC means the service provider does not know who you are and does not know where you live right? So lets say for example you deposit a $million USDT onto your non-kyc crypto virtual debit card, because it is non-kyc can the service provider still freeze your USDT?

The whole purpose of non-kyc is is stop the service provider issuer freezing your crypto right? For example I could be the most wanted terrorist in the world but as long I have my non-kyc crypto card I can still spend it to survive because the service provider issuer do not know that I am a terrorist because of non-kyc so my crypto wont be frozen right?

Or can non-kyc crypto cards still be frozen and how do non-kyc crypto debit cards work, are they connected to a custodial or non-custodial right?

Otherwise how does a non-kyc crypto card makes sense with a custodial wallet and what triggers the service provider issuer to freeze your card or crypto if they don't know who you are to begin with Huh

Someone please make sense of all this for me.

Lastly with president Trump signing off stable coins as legal then which crypto non-kyc cards are officially regulated by the SEC?