T O P
StandardCell9963

Forced Hodl


ismirschlecht

>You may just be buying paper coins and these exchanges wont even have enough reserves, and no one can verify it since withdrawals are not allowed anyways. This is exactly what I suspect and the reason why ppl here tell us "not your keys, not your coins".


80worf80

If your deposits require a memo, you just might be in a bucket shop


kirtash93

I am pretty sure they got rekt.


foxtrot90210

What’s rekt


NonnoBomba

gamer/internet slang for "wrecked"


foxtrot90210

I assumed as such.. thanks


Pioca_in_heaven

Let's hope for the best


Final-Butterscotch65

Lol


inso22

Hope is not a strategy.


Gunter5

I wonder how many exchanges used customers free margin as their own to buy bitcoin


The_GoldenDragonYT

What could you even realistically use to "strengthen kyc" It's already so invasive on privacy that there isn't much more it needs If your gonna make excuses, you should at least make good ones


inso22

It's actually not that bad as an excuse. It is one of those nebulous things you can always blame on "the regulator" and that your hands are tied otherwise. I have no idea what current KYC they have in place, but if "the regulator" suddenly imposed "new requirements" it might just take weeks to solve!


H__Dresden

Just more reasons to keep my cash in a real investment account. I am actually making money on it.


Nobagelnobagelnobag

But how’re you gonna buy a link to a website temporarily hosting a picture of a cartoon monkey with that filthy fiat? Huh? What a sucker.


H__Dresden

LoL. Your could not pay me to take one of those dumb apes. I have a soléis stock portfolio.


discosoc

Remember that india is also the country that went balls deep in shiba. They aren’t exactly the smartest bunch.


PermissionSouthern72

Isn't the purpose of crypto is to be discrete? KYC is basically what you do for banks haha.


AreYaHoldingSon

Eh, not "discrete" as much as "outside of anyone else's control." KYC is required in a lot of places for the purposes of countering organized crime and terrorism. It's actually a necessity in the big jurisdictions that the largest exchanges run in. Not saying these two exchanges are doing it, in fact the timing and logic are pretty sus, but KYC is a normal, arguably necessary thing.


PermissionSouthern72

Ah. Thanks for the insight.


thats_a_human_person

Pretty ironic since there isn't any better example of an organised crime ring than governments. Also how does the boot taste, statist


AreYaHoldingSon

...You uh, you looking to fill some sort of quota there, mate? That was just a basic KYC explanation.


daveMortimer

Fake crypto. Like shorting a stock. Selling as many coins as they like. Now it’s like a bank run. And they don’t have your coin


Professional_Desk933

Not to mention that India is shady as fuck with regulations.


Diconcilio

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