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RE: KYC and AML are Good - Yum

in #bitcoin • 6 years ago

it is true for centralized exchanges, yes. It's true when you move all your funds to first Monero wallet (the exchange will keep this record). After that, you just send all your funds to another Monero wallet and this transaction cannot be traced. Nobody will know the sum or the wallet you've sent your funds to. That's privacy.
You can avoid the KYC - buy monero at localbitcoins!

6 years ago in #bitcoin by
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     6 years ago 

    Dear @coinatory

    Thank you for your kind comment. Appreciate.

    It's true when you move all your funds to first Monero wallet (the exchange will keep this record).

    And so will authorities. Right? I bet that everyone who will be purchasing privacy coins will be right away "on the radar".

    And being on the radar of your tax office / goverment is not what privacy is about :)

    Yours
    Piotr

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       6 years ago 

      localbitcoins is the website to avoid taxes ;)

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       6 years ago 

      Thank you for being so responsive @coinatory

      Hope you will have a great week ahead,
      Piotr