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Signal adds a payments feature with a privacy-focused cryptocurrency

(www.wired.com)
544 points josh2600 | 2 comments | 06 Apr 21 16:23 UTC | HN request time: 0.41s | source
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seany ◴[06 Apr 21 17:10 UTC] No.26714498[source]▶
What are the KYC requirements? I'm going to assume that it's none, since it's privacy focused
replies(1): >>26714660 #
rcMgD2BwE72F ◴[06 Apr 21 17:20 UTC] No.26714660[source]▶
Does KYC apply to all transactions or only to purchase of currency?

Because I can get bank notes from an ATM and pay anyone in cash without having an intermediary verify my identity when money changes hands.

replies(1): >>26714681 #
1. kasey_junk ◴[06 Apr 21 17:21 UTC] No.26714681[source]▶
Not over certain spending limits you can’t.
replies(1): >>26714880 #
2. seany ◴[06 Apr 21 17:35 UTC] No.26714880[source]▶
In practice, sure you can. You have to be careful about getting it back into the normal banking system if you want to do that; but you aren't going to be raided by the secret service for handing someone 30k in a parking lot (something I have done before)