Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

We have 4 days to contest KYC being required by internet services

federalregister.gov

Post reply on HN
Print view View original

191–200 of 395 posts

Re: We have 4 days to contest KYC being required by internet services

#191

Post by andybak »

AnimalMuppet wrote: post #95
AdamH12113 wrote: post #19

For those who didn't know, KYC stands for "know your customer". It's a good idea to spell out abbreviations the first time they're used, especially since the abbreviation itself is not used in the linked article. It's also worth noting that the proposal is about US infrastructure as a service (IaaS) products specifically, not "internet services" in general.

In fairness, though, HN has a limit on title length, so I'm not sure it was all that possible in the headline here.

> We have 4 days to contest "Know Your Customer"

would have been a better title. The missing information is more easily guessed from skimming the article than the mystery acronym.

Re: We have 4 days to contest KYC being required by internet services

#192

Post by dingnuts »

dsign wrote: post #177
Raidion wrote: post #134

Earlier quoted context omitted.

Aren't you basically revealing yourself anyway because you need to pay them?

AWS has my name and my credit card number. But they have never asked for a photocopy of my passport, my history of international travel, which nationalities I have and so on. Something tells me that for the goal of this law to be achieved, all those details would need to enter the database.

Amazon is certainly supposed to ensure that you are not a sanctioned person or a citizen of a sanctioned country. This was a concern decades ago when I was in shared web hosting.. don't know why it would have changed?

Re: We have 4 days to contest KYC being required by internet services

#193

Post by kiernanmcgowan »

andybak wrote: post #185

If you're going to editoralize the title, could you possibly tell us what KYC stands for?

Know Your Customer - it’s a term describing how organizations like banks want to know what you’re doing so they can avoid enabling criminal activity.

Re: We have 4 days to contest KYC being required by internet services

#194

Post by oliv__ »

willmadden wrote: post #105
AdamH12113 wrote: post #19

For those who didn't know, KYC stands for "know your customer". It's a good idea to spell out abbreviations the first time they're used, especially since the abbreviation itself is not used in the linked article. It's also worth noting that the proposal is about US infrastructure as a service (IaaS) products specifically, not "internet services" in general.

KYC in the context of internet services stands for "violating the 4th Amendment".

Thank God for the Constitution

Re: We have 4 days to contest KYC being required by internet services

#195

Post by greenavocado »

robocat wrote: post #158
unboxingelf wrote: post #137

Earlier quoted context omitted.

Why elect a king when you already have a private group of bankers running the show

Systems run the show, not people. "What important truth do very few people agree with you on?": I believe that nobody is running the show. The systems we have created are more complex than we understand. I think a few people individually understand a few aspects of the different systems (we are not at the complete mercy to these systems). I also believe that we have a psycological need to know our social heirachies t…

Banking is the foundation of all so-called systems. Take away the financing and nothing gets done.

Re: We have 4 days to contest KYC being required by internet services

#196

Post by waihtis »

patricklorio wrote: post #80
waihtis wrote: post #13

What an absolute nightmare. I would also be surprised if iaas providers arent in vehement opposition, i will instantly migrate all cloud resources away from AWS if they start requiring KYC docs. Theres close to zero effort for doing so

I think this is about preventing sanctioned countries or individuals using US technology we don't want them to have access too (like China not having modern GPUs). That goal seems reasonable though there's always a fear that the law is way broader than the high level intent. Why would it be "an absolute nightmare" if it's so easy to migrate?

I meant an absolute nightmare of a bill in general and for the IaaS providers. The US is winning the AI race because of their open ecosystem and capability to execute and these types of things hurt that bad.

Re: We have 4 days to contest KYC being required by internet services

#198

Post by kube-system »

mysteria wrote: post #168
kube-system wrote: post #126

Earlier quoted context omitted.

Wordpress clearly does not meet the definition of IaaS in the document. > provides processing, storage, networks, or other fundamental computing resources, and with which the consumer is able to deploy and run software that is not predefined, including operating systems and applications

Services like Github Actions, Google Collab, and web-based IDEs likely meet this definition though as it lets users execute their own custom code on their cloud. So basically all developer stuff may require an ID check.

That was just part of the definition that I quoted.

In the full context, it is quite clear it is targeting things like EC2, dedicated hosting, etc.

https://www.federalregister.gov/d/2024-01580/p-46

I don't think it's reasonable to read this as if MS Excel qualifies as an IaaS.

Re: We have 4 days to contest KYC being required by internet services

#199

Post by monksy »

lolinder wrote: post #155
monksy wrote: post #59

Earlier quoted context omitted.

They collect biometric data (selfie) plus a copy of your drivers license? That's a big part of KYC/AML. That's a huge difference from address, email, CC number.

You should really read patio11's article on KYC [0]. A relevant paragraph: > Many people believe that the law requires a bank to see your government-issued ID in person to open a bank account. Again, this is incorrect; the law very rarely requires any particular action. The most prescriptive the US gets is that the sort of KYC information required about a customer include their true identity, including a name (not, i…

Looks like his argument is that randomized and client to client based rules are better. To some extent I agree.

However, it's inconsistent and we have a government that is punitive, which is why I see that these KYC approaches are reactive to that. There's not punitive measures for violating privacy concerns and storing/profiting from this data.

In practice, to buy crypto, you have to give a disreputable private entity (crypto exchanges have a terrible history of not being scummy.. is cryptobase good? only time will tell) very sensitive documents.

Re: We have 4 days to contest KYC being required by internet services

#200

Post by thedaly »

nadermx wrote: post #166
Sxubas wrote: post #153

Earlier quoted context omitted.

Not all of us are enlightened. Wouldn't you mind telling us what those technologies are?

Ansible comes to mind. Used it to orchestrate hundreds of servers with migrations. Could also simply set up proxmox services beforehand if you're truly motivated, then just replicate the server to another instance.

And all networking configuration and everything else is transferred with close to zero effort?
Post reply on HN