- This topic has 3 replies, 2 voices, and was last updated 8 months ago by tilltill12.
- Thursday, March 31st, 2022 at 20:48 #205906kys_kaParticipant
How are things going to work out with non-EU exchanges?
Is Kucoin going to get banned/blocked in EU?
Will Kucoin have to comply with the EU laws if EU citizens want to access it?
I don’t get it. Exchanges reporting to government was always a given. Will they seriously be able to make withdrawals impossible because exchanges can’t prove account holder is withdrawing money to his own address? Really? Judged guilty of fraud before proven innocent?
To my knowledge, the GDPR explicitly states that none of its provisions apply when data is collected to satisfy a legal requirement. I.e. EU legislators have the power to force companies to have data collection practices which would otherwise be illegal as per the GDPR.Thursday, March 31st, 2022 at 20:48 #205907ducknibble
exchanges will probably just block EU IPs and people will just pay $3 a month for a VPN service and go around it.Thursday, March 31st, 2022 at 20:48 #205908Pheriagrin
Tvh I don’t understand how is that LuCoin does not require kyc for EU usersThursday, March 31st, 2022 at 20:48 #205909tilltill12
Probably more and more exchanges will have to be KYC only or only accept small deposits. But guess we have to see and wait , things like this take years until they are implemented.
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