Does this mean Alby will have to start KYC soon?
Just received this email: 
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
Does this mean Alby will have to start KYC soon?
Just received this email: 
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
Hmmmmmmmm 👀👀
Alby has had low limits all along so that they can avoid having to force their users to KYC
Looks like they're going to have to anyways. They're either a money transmitter or not. Wouldn't really make sense that you could use without KYC below a threshold.
A lot of custodial exchanges used to let you send/withdraw below a certain threshold without doing KYC. I don't know if they still do because I haven't used any custodial exchanges in a while. I was never forced to KYC on Bittrex but I never moved volume through there. I think Alby at least for now won't have to force anyone to KYC if the user's transaction volume value stays below $1000/month and $600 for any single transaction.
*used to
You answered your own question. Regardless if they move enough volume, they will be forced into it by regulators.