Daniel Lipshitz [ARCHIVE] on Nostr: š Original date posted:2023-02-06 šļø Summary of this message: A company ...
š
Original date posted:2023-02-06
šļø Summary of this message: A company claims that it does not have any KYC/AML information or telephone number on who is sending its clients Bitcoin for deposit, and that more than 90% of its clients use different AML transaction analysis service providers for transactions deposited on their platforms.
š Original message:On Sat, Feb 4, 2023 at 6:28 PM Peter Todd <pete at petertodd.org> wrote:
> On Sat, Jan 14, 2023 at 10:15:30PM +0200, Daniel Lipshitz wrote:
> > We have standard commercial information about the payment processors, non
> > custodial liquidity providers and merchants which become our clients - we
> > do not have any kyc/aml information or telephone number on who is sending
> > our clients the bitcoin for deposit. For us these are just bitcoin Trx
> > which our clients choose to benefit from 0-conf deposit recognition. Our
> > service is provided via API with the only information our clients share
> > with us, regarding a specific bitcoin transaction, being public bitcoin
> > information like trx hash and output address.
>
> You know who your clients are, and thus every request for information on a
> transaction is reasonably likely to be a deposit associated with the
> client who
> requested it. Learning what addresses are associated with what entity is a
> significant benefit to Chainalysis operations, and there's every reason to
> expect that the data you learn will either be sold or leaked to Chainalysis
> companies.
>
I would estimate based on general discussions with clients and open
research more than 90% of our clients use different AML trx analysis
service providers for trx deposited on their platforms -
completely irrelevant to us or 0-conf. So if these clients were to stop
recognising 0-conf this would have no impact on these AML service providers
access to the data. We service payment processors and liquidity providers
and have little or no insight into which wallets or merchants our clients
service.
Further to this many of the cluster addresses of our clients and just like
other service providers in the bitcoin space are publicly known - just as
Max had no issue sharing the cluster of his deposit address in his email
which I posted to the list.
>
> --
> https://petertodd.org 'peter'[:-1]@petertodd.org
>
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šļø Summary of this message: A company claims that it does not have any KYC/AML information or telephone number on who is sending its clients Bitcoin for deposit, and that more than 90% of its clients use different AML transaction analysis service providers for transactions deposited on their platforms.
š Original message:On Sat, Feb 4, 2023 at 6:28 PM Peter Todd <pete at petertodd.org> wrote:
> On Sat, Jan 14, 2023 at 10:15:30PM +0200, Daniel Lipshitz wrote:
> > We have standard commercial information about the payment processors, non
> > custodial liquidity providers and merchants which become our clients - we
> > do not have any kyc/aml information or telephone number on who is sending
> > our clients the bitcoin for deposit. For us these are just bitcoin Trx
> > which our clients choose to benefit from 0-conf deposit recognition. Our
> > service is provided via API with the only information our clients share
> > with us, regarding a specific bitcoin transaction, being public bitcoin
> > information like trx hash and output address.
>
> You know who your clients are, and thus every request for information on a
> transaction is reasonably likely to be a deposit associated with the
> client who
> requested it. Learning what addresses are associated with what entity is a
> significant benefit to Chainalysis operations, and there's every reason to
> expect that the data you learn will either be sold or leaked to Chainalysis
> companies.
>
I would estimate based on general discussions with clients and open
research more than 90% of our clients use different AML trx analysis
service providers for trx deposited on their platforms -
completely irrelevant to us or 0-conf. So if these clients were to stop
recognising 0-conf this would have no impact on these AML service providers
access to the data. We service payment processors and liquidity providers
and have little or no insight into which wallets or merchants our clients
service.
Further to this many of the cluster addresses of our clients and just like
other service providers in the bitcoin space are publicly known - just as
Max had no issue sharing the cluster of his deposit address in his email
which I posted to the list.
>
> --
> https://petertodd.org 'peter'[:-1]@petertodd.org
>
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