Earlier quoted context omitted.
kyc laws only applies to exchanges that allow cashing out. I don't understand why kyc would be required here. The browser user should be the miner getting a reward as a private key. They should be able to move it to any exchange (this is where kyc is required) or trade privately. Why they chose to implement the design in this way is not what I would expect.
> kyc laws only applies to exchanges that allow cashing out. I don't understand why kyc would be required here. Because cashing out is kind of the entire point of BAT? If creators couldn't redeem their BATs for actual spendable currency, they wouldn't really be any different from a Facebook Like button that people have to pay to click.
Yes, I understand there is an implicit difference here, but this just shows how dumb KYC laws are to begin with as they can be easily bypassed by criminals and serve only to dox the law abiding citizens.
I, as a pro-social, well behaving, net positive contributor to society - have to trust everyone I do business with with my personal information. It's honestly absurd, if I were a criminal I would bypass this with great ease, yet because I want to behave legally I put myself at risk for identity theft frequently just to be able to do business with other people who also likely don't want to be responsible for securing my private information.