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9 votes
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Privacy friendly payment processor

I'm pretty sure that all crypto payment processors that deal with fiat <-> cryptocurrency exchanges are doing AML/KYC routines including chain analysis. That's not only true for BitPay and Coinbase ...
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  • 381
5 votes
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Why do most trading platforms require ID Verification?

In the US, these are called "Know your Customer", and "Anti Money Laundering" (KYC/AML) laws and is enforced by FINCEN (financial crimes enforcement network) in the US for any businesses that ...
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  • 2,062
3 votes

Technological contractor for an ICO legal advise

While I think the project as some merit, I am concerned about any legal liability I could hold. That's a good thing to think about. The company that wants to hire me has declared to me that the ...
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  • 28.8k
2 votes

Why do most trading platforms require ID Verification?

https://www.irs.gov/businesses/international-businesses/list-of-approved-kyc-rules These are the KYC rules for each country. Do not let places take advantage of you. I had one trader ask for a phone ...
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  • 21
1 vote

Why is a whale moving so many bitcoin permanently?

The wallet explorer OXT labels the 829 inputs of the transaction fc10b4f21...efc53cd9 as belonging to an entity they identify as FTX. Presumably, this is one of FTX's business wallets and what you're ...
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  • 64.6k
1 vote

How can I earn an income from my bitcoins without revealing my identity or relinquishing control of my bitcoins?

Bitcoins are a non-productive asset. Lending services earn revenue, because they lend out the coins they borrowed from you to someone else. They connect lenders and borrowers, take most of the risk ...
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  • 64.6k
1 vote

Can I cash out Bitcoin without proof of provenance?

In the US, nobody is likely to care if you assume a zero basis and pay capital gains tax on the full value of the bitcoins. If anyone asks, just explain that you acquired them back when they were ...
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1 vote
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Online Store in Cheyenne, Wyoming Accepting Bitcoin for Payment

For absolute clarity, you should consult the appropriate lawyer / tax professional in your jurisdiction. However, in general, accepting bitcoin for payment should be no different than accepting any ...
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  • 17.4k
1 vote

Why do most trading platforms require ID Verification?

KYC and AML are required if the entity is moving money from A to B. Those entities are referred to as MSB (Money Services Business). However crypto exchanges are are not truly MSB's but they still do ...
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  • 19
1 vote

Which KYC solution providers are used by Bitcoin companies?

Jumio is used by a few companies, including SnapSwap, CoinMKT, etc. Their notable products include NetVerify and BISON. miiCard is used by Bylls and Bittylicious. Sphonic is used by Bitnet.
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  • 42.8k
1 vote

Law / country specifics to start Ripple Gateway

According to Ripple the url https://ripple.com/wiki/Gateway_Integration_Manual for the Gateway Integration Manual is "DEPRECATED". Ripple says "This page has been replaced with the new Gateway Guide ...
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