It's 100% necessary for money-laundering prevention. I'd be way more concerned u... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

bpicolo on Dec 20, 2017 | parent | context | favorite | on: Selling Bitcoins in Canada

It's 100% necessary for money-laundering prevention. I'd be way more concerned using an exchange that doesn't do it.

uptown on Dec 20, 2017 [–]

Basically, the KYC regulations?

user5994461 on Dec 20, 2017 | [–]

Yes, KYC = know your customer, you gotta check the identity of your customers.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact