KYC requirement for the win
 

I wanted to verify one crypto wallet/trading system but KYC requirement is a bit too strange :

We'll ask you to film yourself performing 2 simple actions
One will involve speaking out loud

Since i cant speak loud had no choice but request to have account closed :upsidedow

Or maybe i should make a porn video which does have a lot of loud action and send them that :1orglaugh

Anyone else encountered silly requirements which goes beyond average stuff like ID and selfie ?

Just explain that you're a mute and this goes against said countries disability act.

That puts them in a legal pickle!

Reminds me of a T&Cs I saw back in the day in one the little scrolling box they used to have on the old enter / exit pages of websites.

Part of it said that you had to film and upload a short video of yourself, stood at your mothers grave, swearing on a stack of bibles that you are indeed an adult and able to enter an adult site!

These KYC verification are getting ridiculous.

Financial requirements always makes me want to go full Bashō . . .

this bitstamp requirement or something similar

Bitpanda

If its not anon what is the point of crypto then?

Talk about a creepy KYC requirement

Skynet in 5.4.3.2........

Acquiring & using Monero (XMR) is anon. Every transaction on the XMR blockchain is private by default.

As for whats the point of crypto, I can list a few reasons:

• hedge against every falling/failing fiat currency
• fast & cheap payments
• Bitcoin most secure network on the planet
• If you hold your keys, you OWN your asset (unlike your money in bank, they own it and you use under their limits & terms)

list can go on and on, but there's a few :winkwink: