Comment on Vultr doesn't let you use Bitcoin until you've already set up payment using a credit card or PayPal

• WhyFlip@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

  I work in AML and KYC is a part of that process.

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  • LainTrain@lemmy.dbzer0.com ⁨5⁩ ⁨weeks⁩ ago

    Yeah, it’s an anti-glowie measure.

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    • HelixDab2@lemm.ee ⁨5⁩ ⁨weeks⁩ ago

      TLA agencies would have no problem with a cover identity to “prove” who they are. Your average citizen is going to have a hard time buying a slightly used social security number that they can use to get an ID that will pass KYC laws.

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      • LainTrain@lemmy.dbzer0.com ⁨5⁩ ⁨weeks⁩ ago

        I think you misunderstood. TLAs want people to prove their identities to prevent or collect data on victimless “crimes”. I don’t think that’s a good thing, therefore I am against KYC.

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