9
votes
Accepted
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 ...
- 381
5
votes
Accepted
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 ...
- 2,052
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 ...
- 28.7k
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 ...
- 21
2
votes
Accepted
Selling btc but avoiding bank payment reversals
however payment reversals are a problem with bank wire transfers.
"Different wire transfer systems and operators provide a variety of options relative to the immediacy and finality of settlement and ...
- 26.9k
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 ...
- 63.4k
1
vote
Can a wallet/exchange provider ask for transaction details
Am I obligated to share transaction details with my wallet/exchange provider for any payment I made to an individual, like a subscription to a website?
A proper noncustodial wallet will impose no ...
- 17.3k
1
vote
Selling btc but avoiding bank payment reversals
The usual way to do this is to use an escrow service that holds the crypto until the bank transfer or payment is deemed complete and irreversible - if the buying party attempts to reverse the payment, ...
- 16.5k
1
vote
Accepted
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 ...
- 17.3k
1
vote
Personal information and bitcoin purchasing
I am in the process of buying bitcoins and am being required to put in a lot of personal details.
The Bitcoin network itself requires no identifying information from users. In fact, efforts have been ...
- 17.3k
1
vote
Human identifier associated with a wallet
The way you track payments is to hand out unique addresses to each customer. This way you know who to attribute payments to. However the customer could always ask someone else to pay to your address. ...
- 2,540
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 ...
- 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.
- 42.7k
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 ...
- 109
Only top scored, non community-wiki answers of a minimum length are eligible