2 ms·
CoinBase does far more than just look at the blockchain. They go beyond know your customer (KYC) requirements and actively 1. Ask users about income sources an
by driverdan 12y ago
CoinBase does far more than just look at the blockchain. They go beyond know your customer (KYC) requirements and actively
1. Ask users about income sources and Bitcoin usage, even for low volumes far below legal requirements.
2. Monitor and analyze blockchain transactions for activity they disagree with and close accounts with BTC in these chains, with no prior notice and no evidence of wrongdoing.
When a company is more aggressive at removing users than Chase bank you know there is a problem.