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.