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> An agent tried opening an account with the name “Joe Bogus” and an address of “123 Fake Main Street” in “Completely Made Up City.” The agent also named the ac
by 0xdeadb00f 7y ago
> An agent tried opening an account with the name “Joe Bogus” and an address of “123 Fake Main Street” in “Completely Made Up City.” The agent also named the account “ToStealEverything” and wrote that it would be used for “shady things.” He encountered no problems, and the account was soon functional.
One must assume registration was automated at this point, no? There's no shady business practice in this specifically.
- CamelCaseName 7y agoThe issue is that financial systems are regulated and opening an account usually requires an AML / KYC process that ties you users to a personal ID.
- 0xdeadb00f 7y agoAh! That's what I was missing. KYC