RevoluGROUP Canada Inc V.REVO

To the victor goes the spoils

[Jaytee123]

A great day of Canadian football ahead of us, but I just wanted to bring up the ever important KYC and AML dilemma that faces all of the unlicensed DCE’s (aka, all of them).

Who can submit KYC/AML data to a central bank? Certainly not a non-financial institution, since they have no portal or access to do that. So, it’s pretty funny to read that XYZ DCE is now conducting KYC/AML. For whom, themselves?? How can they submit this to authorities if they aren’t a financial institution? It’s all smoke and mirrors as a reasonable person can conclude. So yes, the holder of direct financial licenses (example: Revolupay #6900) will be the new poster child of this next crypto era. All the pretenders will die; all of the on-ramp third party license holders will die. Regulation and licensing has now taken centre stage just like Steve surmised it eventually would. Revo is ready

[74gremlin]

Great post!  I guess Jim and crew think DCE's can do KYC themselves lol.    

[74gremlin]

72 reads, nice to see.  Revo has the attention of non shareholders all over Canada, spending all their weekend here posting over and over.   At least we own shares.  

[74gremlin]

You can't do KYC without a banking license 

[manni96]

This post has been removed in accordance with Community Policy

[Jaytee123]

Eye is on the finish line 

[74gremlin]

Can't wait