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I am surprised that "Know your customer" regulations have taking this long to arrive at a fairly reputable exchange.

• londons_explore 4y ago
  Many exchanges have applied the 'know your customer' stuff only for withdrawing and depositing fiat. I think they argue that crypto is effectively worthless and therefore financial regulations don't apply.
  • oefrha 4y ago
    Pretty sure Coinbase already requires a photo ID if you want to send or receive any coin to or from an external address. I know this because a few years ago I decided to completely pull (what little I had) out of crypto, and couldn’t send BTC from my Coinbase account to my own wallet without submitting a photo ID, which was not what I signed up for. Apparently having a U.S. bank account linked wasn’t enough at that point.
• jokethrowaway 4y ago
  They've been in place since forever for withdrawing cash