Can a crypto wallet be genuinely private but still require identity checks for fiat exchange?

Yes. Holding keys in a self-custody wallet is a different service from buying crypto through a regulated payment provider or custodial exchange, which may apply customer identification.

The answer

Yes. Holding keys in a self-custody wallet is a different service from buying crypto through a regulated payment provider or custodial exchange, which may apply customer identification.

What to do next

Explain separately which features are self-custodial and which involve third-party payments, banking, exchange or compliance checks.

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Frequently asked questions

Does not asking for an email make a service exempt from AML rules?

No. Applicable obligations depend on the activity and jurisdiction, not just signup fields.

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