kycnot.me on Nostr: I find Soft-KYC equally harmful as KYC, if not more so, since it may give a false ...

I find Soft-KYC equally harmful as KYC, if not more so, since it may give a false sense of security to inexperienced users. Although not as direct as traditional KYC, data points such as bank accounts, credit cards or phone numbers can still be used to trace a user's identity, often with minimal effort by authorities or determined third parties.

Thank you for for all your comments. I will maintain the decision not to list such services.

quoting note1hmq…s7fu

Should services like relai.app and dfx.swiss be listed on kycnot.me?

These services allow users to buy/sell cryptocurrencies for fiat (card/transfer) without KYC under certain limits. However, using a bank account (or card) is considered "soft KYC":

While the service doesn't require a formal KYC process, the bank account used for fiat transfers is typically linked to the user's identity. This allows the bank and the provider to potentially identify the user if needed.

If listed a warning would be displayed informing the user about this issue. Also, a new attribute for services would be set up to reflect this.