3 ms·
> It does avoid KYC, but so does handing someone cash, and we haven't made that illegal yet. Using cash doesn't get you out of the KYC requirements. It's not a
by viraptor 2y ago
> It does avoid KYC, but so does handing someone cash, and we haven't made that illegal yet.
Using cash doesn't get you out of the KYC requirements. It's not a law about specific tech, but what you use the funds for.
- dlubarov 2y agoUsing cash generally means there's no need to involve a financial institution that KYC regulations would apply to.