To KYC or not to KYC? In this episode, CoinDesk’s Anna Baydakova talks to Hodl Hodl and Bisq, two non-custodial, no-KYC bitcoin exchanges.
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This episode is sponsored by and .
One year ago, the Financial Action Task Force, the global anti-money laundering watchdog, that crypto transactions data should be controllable, and ever since the question has been not if you KYC your users but you do it.
But not all bitcoiners have surrendered to this norm. Hodl Hodl and Bisq don’t provide centralized custody and don’t check user identity. They also don’t employ the blockchain tracing tools to block the “tainted” coins (blacklisted as coming from illicit activities), which has for major bitcoin exchanges these days.
What comes with this? A chance to buy and sell bitcoin without revealing your identity, as well as much more responsibility over how you buy and store your crypto. Max Keidun, the CEO of , and Steve Jain, contributor to , dig into why, in the times of crypto-compliance, people still might need (or maybe just lawfully want) to keep their bitcoin deals to themselves.