Why do AML/KYC?
Mt.Gox handles both Bitcoin and fiat currency (Dollars, Euros, etc.) As a result, we are bound by the laws of Japan and America, along with various international regulations which cover the fiat side of our business. Very similar to how a bank in most countries must be regulated to ensure they are not facilitating money laundering, terrorist financing or the like, we are obliged to follow the same rules.
Mt.Gox handles both Bitcoin and fiat currency (Dollars, Euros, etc.) As a result, we are bound by the laws of Japan and America, along with various international regulations which cover the fiat side of our business. Very similar to how a bank in most countries must be regulated to ensure they are not facilitating money laundering, terrorist financing or the like, we are obliged to follow the same rules.
Oh please enough with the state propaganda bullshit.
Why don't you tell it like it really is. You are not obliged, you are forced under threat of violence to gather information about your customers so that governments around the world can control what your customer's money is being used for. "Money laundering, terrorist financing or the like" are victimless crimes the state invented as a way to gain even more control over the people they assert their rule over.
You can't imagine the angry thoughts that go through my mind when I read bs propaganda like this, I'm pretty sure if they already tried to attack people for thought crime I'd get the capital punishment.
I think we have to view the situation for what it is mtgox is trying to operate out in the open and within the confines of the existing law whether that law is legitimate or not. At BitPay, we do the same.
That's why I'm not angry you and mtgox are for the purpose of self preservation giving in to these threats of violence and following the state's rules. What makes me angry is not calling a spade a spade. Don't say you are obliged to comply, say you are forced under threat of violence, don't say money laundering, say state's arbitrary rules about money transactions, don't say terrorists, say organizations the state wants to destroy, ect. just cut out the bullshit state apologist propaganda and tell it like it is.
Personally I'm not against private law, I'm not against private rules, I'm just against rulers. In fact I support some voluntary, private and most of all consistent rules that would be mandatory for everyone wishing to be part of a society(not geographically bound of course) to follow.
The only point of my entire rant was that if you really share my ideals and want to get from under the thumb of state sponsored violence, stop spreading their bullshit PR propaganda. It's as simple as that.