1
Sorting Box / Re: Be careful of mobile wallets that holds private keys
« on: September 20, 2019, 12:40:16 PM »QuoteThe point is you have complete control over other people's funds and that you can withhold them at anytime. The only way users can gain access again is by undergoing KYC procedure. That's something crypto exchanges do and not wallets.
It's not true that funds are being withheld and that this is done arbitrarily. In fact, the activity on a certain account is temporarily put on hold until we complete a fully AML-compliant procedure.
As per our Rules and Terms and a wallet service provider, we are entitled to conducting KYC and AML procedure.