FYI, #Relai is now full-KYC.

They're trying to spin it as a positive, "Level Up" - It's positive that they "remain in business". It's a net-negative for the majority of its userbase that were no-KYC. I mean... I sometimes ask myself, after all these years,h ow much longer will we have to go until people understand why no-KYC, and why these companies are fiat-first companies instead of bitcoin companies. They've just shot themselves by being a fiat-first company.

But most of many of their users are already invested... They'll likely remain afloat until they're centralized nature gets to them.

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Discussion

While I get what you’re saying… I don’t really see the problem at this moment. Wrote a note about it too, just my two sats.

If after years of history with hacked exchanges, exchanges sharing PII with third-party providers that then become honeypots, exchanges SUING their own users, or chainalysis tracking exchange addresses you still don't see the problem, I really don't know what to say. But that's fine. Neither did they. Good luck!