Original archived Re: how to avoid buying blacklisted/dirty bitcoins
Scraped on 23/07/2025, 18:32:34 UTC
Once more, I will quote Loyce, who explains it perfectly here:
I'm (up to some point) okay with centralized but well-known and regulated services (be it casinos or exchanges) that require KYC. I'm also okay with completely anonymous but trusted services that don't ask for any personal data.
Problems start when unregulated exchangers demand personal data after depositing, which many exchangers seem to do. We need more trusted exchangers, not less.
I don't disagree at all. However, if an exchanger wants to be regulated, then it must ask for KYC. It can't be regulated in any other way. Also, trust doesn't come because an exchanger is regulated. We will never know if and when an exchanger is fraudulent or blows up like a firecracker. That's the reason that we try not to have everything on them, it's not our wallet, and will never be.