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Currency.com Accused of Exploiting KYC to Withhold Customer Funds - by Kai Sedgwick

Tue Feb 18, 2020 6:22 pm

Currency.com Accused of Exploiting KYC to Withhold Customer Funds
news.bitcoin.com
by Kai Sedgwick
February 18th, 2020

Excerpt:

Know Your Customer (KYC) and Know Your Transaction (KYT) are ostensibly deployed by exchanges to combat money laundering. In practice, these provisions are used as an excuse to surveil, cajole, and threaten customers, who risk losing funds if they are unable to meet the impossibly high burden of proof. An investigation by news.Bitcoin.com suggests that tokenized securities exchange Currency.com is complicit in such behavior.

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Read entire article: https://news.bitcoin.com/currency-com-kyc-withhold-funds/

About the author: https://news.bitcoin.com/author/kaisedgwick/
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