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If they don't swoop in with random check-ins hassling you for docs for "muh KYC" and "muh AML compliance" the moment you do anything outside of the boring middl
by mothballed 2mo ago
If they don't swoop in with random check-ins hassling you for docs for "muh KYC" and "muh AML compliance" the moment you do anything outside of the boring middle ground then they're ahead of basically 99+% of all the other tradfi-interlocking offerings.
- dfish 2mo agoIt is what it is. You have to implement KYC if you want fiat rails. A merchant can't KYC every single person that comes to the store. But you could build a system to eventually ban wallets that could be tied to criminal activity. The merchant can also pick to use Lightning and keep the Bitcoin instead of selling it for fiat.