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Even for decentralized ones, there are legal requirements for any entity that wants to let you buy or sell. Anyone who buys or sells bitcoin from you without do
by rodonn 6y ago
Even for decentralized ones, there are legal requirements for any entity that wants to let you buy or sell. Anyone who buys or sells bitcoin from you without doing KYC is breaking US law.
- chrisco255 6y agoNo, because Bitcoin is a commodity, it's not legally classified as money. There's no need to do KYC for BTC any more than there is for baseball cards.