Amazon has even now implemented KYC

[Rakeshdobar1]

Recently i got the email and sms from Amazon that i have to verify my Amazon Account with Adhar Number else my Gift card money will be locked

I Am student of 1st year Btech, how do i get to be anonymous now?? I have 6.6*4 = 26.4 Lac INR in BTC.

[ragavancoin]

Recently i got the email and sms from Amazon that i have to verify my Amazon Account with Adhar Number else my Gift card money will be locked

I Am student of 1st year Btech, how do i get to be anonymous now?? I have 6.6*4 = 26.4 Lac INR in BTC.

I think you can sell Bitcoins to cash at localbitcoins website what you have with you and localbitcoins have more payment options you can sell your Bitcoins as you like.

[navneetjais]

if you are holding your bitcoin from more then 3 years you need to pay 20% tax, for less then 3 years tax will be 30%
i dont think that anybody in India will purchase your bitcoin in cash.

so keep it for at least 3 years get the KYC done pay to government and relax.

[chetanbhawani]

Every store, everything that involves money will have KYC included very soon. Amazon is just a small one in this list. Also, it is actually good if you are going to be legal and pay taxes on time if you are going to hold BTC and at some point, sell them to someone. If it goes the illegal way, it will be harder for you to escape later if the authorities find that you found a way out.

[cryptomoon1004]

Amazon introducing KYC does not makes sense to me..

The issue is the KYC is not done on blockchcain yet, hence you are blindly giving away your documents to Amazon.. What if Amazon sells this tomorrow in open market and makes money out of it ? What if Amazon gets hacked and your documents are compromised too ?