Comment by Magicrafter13
13 hours ago
that may become clear from deeper reading, but from a cursory glance at the home page they claim
> privacy-friendly online transactions
so I believe any reasonable user, without digging more deeply, would not come to the conclusion that they are complying with KYC laws.
That claim is meaningless without digging deeper. It's not the fault of any project that different people interpret terms like "privacy-friendly" differently. They don't say "anonymous".
I definitely read that the same way Apple means it with ApplePay - they are improving your privacy with respect to the merchant you are purchasing from, by them not learning anything unnecessary about you.
Any government-approved payment system is obviously going to be auditable under existing legal frameworks.