AML has been introduced but not silently. It's terms of service and privacy policy are loud and clear, and they're full of stipulations that directly betray their image as a privacy-focused and anonymous P2P exchange. They're as compliant as centralized exchanges. Although the brand Hodl Hodl is still being passed around by word of mouth as if it's the standard, it's actually an epitome of contradiction.
Hodl hodl bites the dust. It's servility to regulators and authorities is cringing, not only barring users from certain jurisdictions but also those who are citizens, residents, or even just located in:
and those who:
They could also suspend, limit, or terminate any user's access to their platform for various reasons including if:
And in terms of data, they may collect "full name, date of birth, country of residence/citizenship, government-issued ID, and bank/payment account statements" for certain reasons including:
The personal data will be used, among others,
And will be shared with "law enforcement, regulatory authorities, courts, or other public bodies." These will, then, be retained "5 years after the relevant dispute or account closure, unless a longer period is required by law."
We're like reading the terms and conditions of the likes of Binance, only stricter, and despite being peer-to-peer,
anonymous,
private, non-custodial.
