Know Your Customer. Like KYC AML laws require exchanges to collect ID SSN etc
Discussion
I see. How would one turn unregistered sats into cash?
By: - buying something directly in bitcoin
- An Exchange like Bisq or Robosats for p2p bank or electronic transfers
- p2p(person 2 person) trade
- Gift cards or prepaid debit cards
Multiple ways depending on specific instances and dollar amount. Selling $1m in btc might be harder than say $500
