RE: BlockTrades will soon be offering full exchange services (in addition to “instant exchange” service)

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BlockTrades will soon be offering full exchange services (in addition to “instant exchange” service)

in blocktrades •  5 years ago 

do you have to pass on the identity information to authorities or is it remaining on servers for some time until they are needed by authorities?

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It's only passed along if requested or if transactions exceed $10K USD in a day. Or if transactions are somehow deemed suspicious.

I'm assuming that the authorities will be asking Justin Sun for an explanation of his recent trading activities 😂👍🏃

It just requires an email address to sign up for trades below $1725. I'm assuming that if you trade more than that then the IRS will need you to keep records of your trades for tax purposes?

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We're required to keep all records of trades, even if no identity info other than email associated. Also, for the new exchange, the trades will be on a public blockchain anyways.

Cool that answers @maxsieg 53 question perfectly. 👍