In order to use their service, you must provide them with all kinds of personal details so they can forward it to the authorities and to also sell it to other entities.
If you refuse, you can't use their service.
If they refuse, the government will shut them down.
All these "bitcoin" companies that snitch on their clients are spineless and immoral but they try to hide this fact by providing a "great" service.
Unfortunately, all the plebs that use their services are either morons or gung ho.
oh okay, so it's not like there's a story about someone specifically, just their business practice in general. gotcha. I think most plebs that use their service are already kyc'd by their bank so why not get sats for spending anyway (kyc or not, sats are sats). I think it's reasonable to accept kyc sats if the only alternative was no sats.
Have you heard of Kamala Harris's unrealized capital gains tax proposal?
If that ever gets implemented, hodlers of KYC'd bitcoin will be in deep deep trouble. And to make things worse, KYC'd bitcoin hodlers will never be able to prove they sold all their bitcoin (if they actually have for example).
In my case, I avoid KYC like the plague.
lol good luck to anyone who knocks at my door lol
