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Reddit @lemmy.world Banned from Reddit after posting John Oliver


It's also pretty ridiculous how poorly it actually works. Recently I wanted to cash out some crypto, and the platform I was using was telling about their "peer-to-peer (P2P) rules to comply with anti-money laundering (AML) and Travel Rule standards".
I could only transfer funds to the exchange if I verified I own the account on another platform.
So all you have to do to verify it, is make a screenshot of having an account on a different (non-KYC) platform. When you verified you also own that other random wallet, everything is fine...
Soo, sending crypto "peer-to-peer" directly to the exchange is a big problem - but if you add an extra wallet in between as an extra hop, that you've verified to own but is off-platform - it doesn't matter anymore how that crypto got there