freeonlineuser on Nostr: A note to Bitcoin exchanges, users understand there are legal requirements you must ...
A note to Bitcoin exchanges, users understand there are legal requirements you must adhere to in order to maintain a legal operation.
You are most likely on the side of bitcoiners, so to maintain the trust of your customers I recommend making your position clear.
For example, let them know you aren’t supplying all users kyc data to a government controlled database, but who knows perhaps this is a requirement and you are?
And let them know every trade is not sent directly to a tax department database, perhaps it is?
My assumption is the kyc database is kept in-house, and some sort of warrant would be required to support release of specific releases, but who knows?
I suspect a tax investigation is required to gain trading information, but who knows?
It remains mystery to most of us.
You are most likely on the side of bitcoiners, so to maintain the trust of your customers I recommend making your position clear.
For example, let them know you aren’t supplying all users kyc data to a government controlled database, but who knows perhaps this is a requirement and you are?
And let them know every trade is not sent directly to a tax department database, perhaps it is?
My assumption is the kyc database is kept in-house, and some sort of warrant would be required to support release of specific releases, but who knows?
I suspect a tax investigation is required to gain trading information, but who knows?
It remains mystery to most of us.