Comment by BoppreH
19 hours ago
Good, KYC exists for a reason. Why does AI need to open an account, anyway? Just give it a debit card with a limit, not a whole new account and contract with a bank.
19 hours ago
Good, KYC exists for a reason. Why does AI need to open an account, anyway? Just give it a debit card with a limit, not a whole new account and contract with a bank.
The limit of a debit card is the money in your account.
The bank would argue that an AI using your account on your behalf is fraud.
Those are much easier problems to solve, and surely already solved by some fintechs, than bringing cryptocurrencies to the minimum legal compliance and meeting performance requirements.
They don't intend to meet the legal compliance requirements. That's the reason for using cryptocurrencies — avoiding compliance.
My debit card has specific limits, far less than all my funds. There also exist pre-paid cards, ideal for things like this.