regardless of whether they read or write a post here, it is much more interesting how they completely avoid giving specific answers, and they were asked a lot of essentially very important questions. I believe that they can answer endlessly in general, without giving a concrete answer.

If the funds were received from a p2p exchange, then we will request details of this exchange, when and under what conditions it was made, where the user who wants to make this exchange was found and all correspondence with him.

If it turns out that the client initially knew that the funds were stolen and went to the exchange due to the low exchange rate of coins, then this is equated by law enforcement agencies to complicity in a crime, namely, assistance in money laundering. If the transaction was absolutely transparent and the client has all the data about the completed exchange, then we will have no reason to further withhold these funds.

We use our own block sheets, and our own transaction verification systems. For some currencies, systems offered by specialized services are used, for example, for XRP we use a checker from xrplorer.com


The user limitless_777 did not indicate whether his funds were frozen in our service and what order is in question, so we have nothing to answer this question.

In no case do we force you to follow this recommendation, but if you need to provide the source of origin of funds, it will help to resolve this issue faster.


We have the answer to your question ready, we will duplicate it again.

If the funds were received from a p2p exchange, then we will request details of this exchange, when and under what conditions it was made, where the user who wants to make this exchange was found and all correspondence with him.

If it turns out that the client initially knew that the funds were stolen and went to the exchange due to the low exchange rate of coins, then this is equated by law enforcement agencies to complicity in a crime, namely, assistance in money laundering. If the transaction was absolutely transparent and the client has all the data about the completed exchange, then we will have no reason to further withhold these funds.


We receive dozens of requests a day from law enforcement agencies of a huge number of countries. All requests are sent from official email addresses (which of course are checked) by law enforcement agencies, contain signatures and seals. In the future, we are going to provide a transparency report on the number of requests processed.

So.  If I provide correspondence, all TXID's, confirm the address is mine and provide a screenshot of the seller's Bisq profile then I am good to go?

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Regards,
PrivacyG

BestChange needs competition. There's KYC? Not me!, but it still lists several of the same exchangers and doesn't have the marketing budget to promote it.

It was suggested before that someone creates their own "Taint detection service", that just labels every address as clean. After all, that's how Bitcoin and fungibility works.

Go for it! Only one way to find out if it will be popular. And if it becomes popular, you'll add referral links to the exchangers, after which you'll have a financial interest in keeping them on your website.

I'd like to firstly congratulate you, your jumbled explanation on this page only actually managed to make me stare at my screen for I'm not sure how long, it' a long minutes, re-read the entire page and found myself stared at my screen again because I'm not sure what's the best way to approach your situation. I even finally slept on it. So, I think this is the best way to address you and your sea of explanation, and trust me, I've wrote a very-very long post, but then decided to wrote a very simplified version. It's there in my draft, if you'd like to read.

So, simplified, if someone can't prove he's not related and didn't know the user he trade with, his account will be banned. If he can't provide proof of transaction, his account will be banned. If he bought a stolen money and can't prove his innocence, his account will be banned. In short, anyone using your platform, although they're free from KYC, they have to know a full details of the people they're about to transact with prior to using ypur platform or they'll be banned? Not sure if that's convenient, or if the info you inquire can be categorized as a legal questions, and not a harrasment, or extortion.

And what's the parameter of innocence? If A and B are friend and A tried to launder the money he stole from C through B who's about to sell it to D, which then put the money on FixedFloat, and they discussed it through a disposable chat platform, or even meeting face to face, or by paper airplane a-la high school students, or whatever, and since you found that D didn't know anything and somewhat can prove that B is not related and "didn't know" that the money is stolen, they'll get out of it? This means you're the ultimate judge of which fund is frozen and which one isn't?

Next, I still can't understand this statement,


How?

If any, it'll tighten their wiggle room. By having their address published, anyone is one or two steps away from tracking of the user and the true nature of the fund. No body would want to deal with the address owner and we can say good bye to the ML and TF.

But you choose to withheld this piece of very useful information. Clueless users who came to your platform wouldn't know what's about to hit them. All they know was they're dealing with someone --who probably dealt with someone else before them-- and boom, he went bankrupt in a day because all of his lifesaving is confiscated. The terrorist? Well, they sat calmly in their fortress, they've successfully launder their money, thanks to the cluelessness of the cryptocommunity because one of them didn't know the address they had a transaction with is belong to Gru.

Now, let's address your claim of emails from authorities accross the countries, what's the nature of this request? For you to stop harassing and extorting their citizen? Or to cease and desist?

Talking about FATF, were Seychelles fully FATF compliant? Last I check, Seychelles still arranging their regulations to meet thr standard, and from the evaluation taken in 2020, they're just meet 12 of the 40 guidelines FATF issued. Not sure which from those 12 speciefies what and if your actions were included and justified by those 12 compliantce, or if being nosy --and self appointed judge-- like this make you a progidy or a vigilante or an extortionist.

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Beware of this point, it could backfire. We can only imagine what length a competitor would do to defame their fellow competition. For example, without having to submit a proof for bad review, a company called worstexchange could create hundreds of accounts to wrote bad review about his fellow competition, goodexchange. And without an admin who can moderate or decide the legitimacy of those fake reviews, your system would turn into a battlefield of reviews before ultimately collapsed.

I wish FixedFloat answered my previous reply before you posted this, but you beat me to it.  I was ready to paste and publish a pre written answer no matter their reply.

Fixed Float said this.


So they provided a list of proof they can request.  To which I replied,


If the answer is negative, then to me it becomes obvious this is selectively scamming and not about solving crime cases.  Either this or they are going to request information that does affect your privacy, which means they lied.  The other option is continuing to request irrelevant information from the customer until the customer gives up, similar to the way Free Wallet proceeds.

If the answer is positive, then the entire system is useless and a waste of time.  On both ends.

I asked the quoted question above thinking of a setup where a criminal sets up a trade between them and themselves, deposits the funds onto Fixed Float and pretends they never knew their Bitcoins have illegal origin.  They provide correspondence, although they spoke to themselves, all TXID's, confirm the address is theirs, provide a screenshot of the fake seller's Bisq profile.  Then what happens is you are enabling funds with criminal origin to be used onto your service and the criminal becomes innocent.

Which begs the question, of what good is their action to freeze funds if a very simple loop hole can be done within minutes to basically make the money legitimate?

And all of these services have the guts to pretend they are saving the world.  Pretending to be the hero in a super villain movie.  Fixed Float's way of saving the world can be easily exploited by a criminal.  The criminal becomes innocent and the innocent customers like me get selectively scammed by having their funds frozen and seized.  The criminal gets their money back through their simple setup, I get my funds stolen by Fixed Float for not thinking the unthinkable: I uninstalled the Bisq I used a few years ago and have no proof of my trade, therefore I deserve to have my money taken away.

This is B S.  There is no service in the world that can explain they are doing good by imposing Know Your Customer procedures.  If anything, Know Your Customer enables my identity to be stolen and legitimate customers to be robbed off their Bitcoin while criminals continue their job with no barriers.

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Because according to Fixed Float, if you have a serial killer on the run TV channels better not reveal their face!  This enables the criminal to escape, are they not right?

If they publish addresses of criminals, we know what to avoid, spare time investigators have what to investigate and connections will inevitably be made.  If not today, maybe in an year.  Maybe in five, who cares as long as the criminal is revealed.

Someone will definitely have links bookmarked and monitored.  We have some Bitcoin Talk members stalking even addresses that have not moved coins since 2010.  If they know an address is linked to crime, they will be even more curious to investigate.  One mistake and the criminal's history is revealed from the beginning to the end.  But of course it is easier to avoid the truth and any concrete answer than say out loud that they were and are in the wrong.

Funny in such a sad way that we are living in 2022 and fighting for logic.

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Regards,
PrivacyG