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Facebook already knows more about you than KYC requires. That said, according to Forbes (https://www.forbes.com/sites/francescoppola/2019/06/30/the-real-threat
by mintiquity 7y ago
Facebook already knows more about you than KYC requires.
That said, according to Forbes (https://www.forbes.com/sites/francescoppola/2019/06/30/the-real-threat-from-facebooks-libra-coin https://www.forbes.com/sites/francescoppola/2019/06/30/the-r...), they'll comply with KYC/AML. I can't find a statement direct from Facebook on that, though.
- aNoob7000 7y agoFacebook only knows what I put into my Facebook registration form. Did they verify anything? No. Email me for government identification? No. Can Facebook comply with KYC/AML type regulations? Yes. But that I'm aware of, they currently don't do anything of the sort with all their users.
- bradstewart 7y agoThey know what you put in the registration form, every device and IP address you've ever used, who your friends are, who you parents are, who your coworkers are, what websites you visit, what stores you shop at, who you're likely to vote for, and a whole lot more. I think they can verify my identity without a copy of my driver license.
- aNoob7000 7y agoIf you are doing something illegal, I doubt you would connect with all your friends and family. If you do, you deserve jail time.
- bradstewart 7y agoTrue. But I wouldn't be surprised to see additional verification required for new Facebook accounts (or those with little to no history/network) to use Libra. We shall see.