3 ms·
Which countries are you referring to? No identification is required when exchanging peer to peer, and it's not illegal to exchange peer to peer. I don't know an
by Geee 5y ago
Which countries are you referring to? No identification is required when exchanging peer to peer, and it's not illegal to exchange peer to peer. I don't know any countries where this would be forbidden.
You can use service like https://hodlhodl.com https://hodlhodl.com to exchange peer to peer without questions or identification.
If you're using your bank account, then it's not completely private. However, cash trades are always possible.
On the other hand, Chivo requires strong identification with passport, so it's hardly a wormhole.
- m00dy 5y agoI'm not talking about p2p exchange. I'm talking about injecting your bitcoins to legacy financial system without any question.
- gruez 5y ago>and it's not illegal to exchange peer to peer. I don't know any countries where this would be forbidden. You're right that it's not technically illegal, if you can somehow find another private person (ie. not a business) to transact with, but good luck finding a supply of those. I suspect someone that makes those transactions enough would get classified as a money service business and would be subject to KYC/AML requirements.
- modeless 5y ago> No identification is required when exchanging peer to peer, and it's not illegal People have been prosecuted for the crime of exchanging bitcoin for dollars in person-to-person meetings. It's probably not illegal to do it once for a small amount for a friend, but it absolutely is illegal in the US to do it regularly or for many people or for large amounts.