I have read this but I must say that this 2 statement mentioned here are in opposition:
- Anti Money Laundering (AML) Screening
Users will undergo a verification process as per the AML criteria. Verified users will be able to transact amounts over USD 600.
- Completely Anonymous Interactions
All interactions through Hawala.Today will be anonymous on the trusted Ethereum platform, ensuring security and privacy.
How can you be anonymous by disclosing your private data?
Can you explain this and also what is the verification procedure ?
Thanks.
Hey freigeist,
First of all sorry for the late reply as where I am at we get flu like symptoms early in the season
![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
I really appreciate you investing time and reading about Hawala.Today and asking us questions.
I will try to answer your question in a completely non-technical way.
Private Data and being anonymous can co-exist and in complete harmony for.e.g
Imagine you Buy a house in a neighborhood and you move in. So the first question, do you by law required to publish your information to your neighbors? The answer is "No" your neighbors have no business in your business (but they can sniff this information by peeking at your mailbox etc etc. in blockchain there is no peeking in fact thousands of hackers are to sniff bitcoin every day and trying to come up with ways to break this system or compromise it in some way so far it proved its resilience). Another question. What you do inside your house is private and you feel its your privacy and it should not be violated . The answer is "Yes" your private matters remain private until you brush with Law. What I am trying to explain here is that in matters of public dealing from 1 peer to another it is anonymous meaning unless beneficiary of an account willingly shares this information with you there is no way that you could link this back to the user, but if there is a situation where you broke the law of the land where you are trying to commit a crime like money laundering or some other twisted mind exploiting the system in some criminal way and authorities catch this person they have a way to link this account to a particular physical entity. We, as a fiat-alternative system should never promote a product by which there is no audit trail available.
I hope that I have clarified the harmony of co-existence.