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RE: An Australian Trader Had USD$430,000 of Crypto Confiscated by the United States Government On BTC-e: A Timely Reminder to Withdraw Your Funds From Exchanges, or Use the Openledger DEX.

in #cryptocurrency • 7 years ago (edited)

The exchange was fantastic - the problem with relaxed identification requirements is that it gives the feds another reason to raid the exchange...

Identification requirements only exist due to laws that aim to prevent money laundering. As far as crypto itself is concerned, there is no need for us to identify ourselves.

7 years ago in #cryptocurrency by
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     7 years ago  

    Agreed. Fiat and its source necessitates the identification

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