Well, they do both KYC/AML in the UK and still block payments to exchanges.
Japan has asked Apple and Google to ban exchange apps Bybit and MEXC Global along with 3 other offshore exchanges, because they don't do strict KYC and AML! If this is the standard, P2P apps are going to have a tough time as a native app, better get used to side loading to PWAs
https://cryptoslate.com/japan-requests-apple-google-block-access-to-unregistered-crypto-exchanges/
Discussion
I've never used either of them so I stand corrected, so how do people move funds over? I assume they buy Btc or stablecoins on a local KYC exchange and then ping them over to these offshore ones?
Pretty much .. or just use a VPN to access the website and different KYC documentation. Say you had another passport you would kyc on the banned exchange under that… still be granted access even without a VPN… as the bans usually apply to countries resident…
Makes sense, I've also seen like on Binance they have a P2P section so users could fund an account via p2p method and then go nuts on the main site later, besides there's no reason for the offshore exchange to be super strict its loss of revenue, they'd much rather take the risk and pay a fine if they get caught
Only way really. Governments don’t want people to have financial freedom - or to allow a casino unless they can make money from it…
The algos block so you can bide your time, which is a hopeless time waster, use neo-type banks as they seem less draconian or resort to decentralised platforms such nostr:npub1sqn6rpml88nq8khuvvneuqztfmvalpsarr8grkwy837hzdw63ajs6t5net nostr:npub15369wu3wzzar5fclhecyqfv683x69n6nhlg7rxqnsg2dydgxflpq3apswl etc