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Suppose a business wants to get into the Bitcoin OTC business... they will need to comply with AML laws.

It is acceptable / encouraged for such a business to ask for Photo ID and keep a photocopy with that transaction?

Does this same principal apply to individual users?

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1 Answer 1

In OTC, it is totally up to the mutual agreement of the two parties, if you are a financial business that has to comply with AML laws, you will have have to ask for these info, but that may mean some counterparties will shun from you.

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