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1  Economy / Exchanges / Re: loft.trade a KYC-less trading platform on: March 08, 2021, 11:39:58 AM
Hey sorry for the misleading title, let me explain. We have chosen to incorporate the company in a jurisdiction that allows for unlicensed CFD trading, as such we are not required to KYC our customers. However as `hugeblack` noted, we or our regulators, might eventually be forced to KYC some customer because of (for instance) international pressure or other reasons (imagine you are called Julian Assange). We're indeed taking some steps to mitigate this risk: on registration we don't collect emails or real names, we allow privacy-preserving connections to our website (TOR, VPN etc), we don't use fiat transfers but only bitcoin and only via Lightning Network to enhance even more the privacy of the payment. With this in mind we simply don't have enough information on you to assess who you are and where are you from, but don't forget you are still subject to the regulation of your home country and loft.trade (of CFD trading in general) might be forbidden for you. Now it seems to me that this kind of legal configuration is getting traction with several platforms choosing to incorporate in an offshore jurisdiction and then leveraging bitcoin to transfer value in/out of the platform and avoid KYC, it's working great for some. After all would you feel better if the trading platform wasn't backed by a company at all? We did make this choice aiming to provide more liability and accountability to the customer.
2  Economy / Exchanges / loft.trade a KYC-less trading platform on: March 06, 2021, 04:04:22 PM
Hi all I'd like to introduce https://loft.trade a platform where you can leverage trading bitcoin without KYC, i was also wondering if there is a thread to compare those kind of platforms (both DEX and not). With bitcoin getting more traction every day it's interesting how it is *slowly* becoming the underlying asset for international trade and i believe we're going to see a lot of KYC-less exchanges and trading platform that allow for a more free access to trading and financial instruments in general, what do you think?
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