this post was submitted on 12 Sep 2024
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Privacy

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I wanted to try paying for Mullvad VPN using a private method (Monero). I created a wallet and went to an exchange (Kraken) to buy some XMR, but they want me to enter all my personal details upon registration. How does this make sense? Is there an exchange where I don't have to provide personally identifying information?

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[–] Death_Equity@lemmy.world 12 points 2 months ago (2 children)

In America, you "have to" due to government regulation(IRS wants their cut of the tendies).

[–] Dark_Arc@social.packetloss.gg 17 points 2 months ago

Even more so, FBI wants to know where the money grandma gave to get her pictures back from the ransomware went.

All this money tracking stuff AFAIK was originally more about organized crime than tax revenue.

[–] delirious_owl@discuss.online 0 points 2 months ago

Not all of America has these laws.