Is the EOS/Block.one team planning to implement AML/KYC on the main chain?
Check out this sub-domain: https://testkyc.eos.io/
Sure, it resolves to a "bad gateway"....but it resolves which means that they have created the sub-domain on purpose.
If they didn't create the sub-domain, then it would look like this:
Sub-domain used: https://testkycunpublished.eos.io/ (an obviously fake address)
This tells me that something is happening and KYC is at least being looked at on EOS.
I'm pretty confused because I know that is an "anarcho-capitalist" and this would make it quite easy for government's to snoop and spy on us. Also, who would approve the verification process and either validate or decline an ID?
Also, what personal info would be required? Government ID? Banking history? Proof of residency?
I worked in the Offshore Banking industry (I helped build Euro Pacific Bank from the bottom up (http://www.europacbank.com) and I know first hand the types of personal paperwork we required before opening an account for someone. Also, I remember how we would decline ppl's applications and required a notary to "prove" their documents were legit. We would also CALL the notary to ensure they were properly licensed by the appropriate government. Also, we used to ask people all the time who they were sending money to and why. We would hold up your money (either sending or receiving) any time we wanted to for almost any reason. Were you rude to us on the phone one day....your account just got re-inspected and oops we need an updated, notarized passport before we will unblock your account. Listen, I understand that we still live in a government-controlled world and AML/KYC is a big part of that.
It also reminds me of mentioning the other day that Bitshares was working with politicians for something as well, but I can't recall what exactly it was.
Either way, I thought it was worth mentioning today and see if anyone from the EOS or Bitshares community has additional insights.
In Liberty,
Ashe