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Monero doesn't need to be AML/KYC compliant, the exchange does. And even if Monero did need to be compliant, view keys exist.
by Forbo 4y ago
Monero doesn't need to be AML/KYC compliant, the exchange does. And even if Monero did need to be compliant, view keys exist.
- legulere 4y agoThat's like saying banking systems don't need to be compliant, banks need to be.
- MacsHeadroom 4y agoAnd that would be correct. Cash isn't compliant. Cash exchangers are. Monero is cash-like and exchanges can be compliant and sell Monero in the US (a few do). It's just a lot of extra work, especially including the additional fraud risk it brings them.