2 results for author: Ageesen Sri
The Dinosaur in the Room
Digital Currencies, Bitcoin ATMs, Online Exchanges and the coming storm of AML regulations.
Before getting into the Digital Currency space I had a basic knowledge of AML (Anti-Money Laundering) and KYC (Know-Your-Customer) regulations. Having had my credit card identity stolen after purchasing goods online, I had decided to start only using a pre-paid credit card from my local money service business for e-commerce purchases. After a few months of running through hundreds of dollars of purchases, I got a call from the pre-paid credit card provider asking me to verify my identity and the reason I was using my card so much. My initial mental response ...
From my desk(top) to yours!
Why we created our services....
Way back in early 2013 as I spent some time getting to know bitcoin and the potential impacts of the block chain technology behind it, I finally came down with "bitcoin fever" and wanted to get my hands on some as quickly as possible. There were a few online exchanges around that would sell you bitcoin but only after verifying your account (taking upto 2 weeks in some cases) and then waiting for you to wire transfer money to their accounts (another week or so wait) before you could finally purchase your bitcoin. There were also online forums and sites where I could either deposit money in some random person's account ...