arno/bitcoinbook
1
0
Fork 0
mirror of https://github.com/bitcoinbook/bitcoinbook synced 2025-01-11 00:01:03 +00:00
Code Issues Releases Wiki Activity

Merge pull request #892 from rating89us/patch-71

Browse Source 
ch01: add AML and KYC terms
This commit is contained in:
Will Binns 2021-04-08 11:41:50 +02:00 committed by GitHub
commit 19eb8ca6d6
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23
1 changed files with 1 additions and 2 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

3
ch01.asciidoc
View File

@ -174,8 +174,7 @@ There are several ways Alice can acquire bitcoin:
* She can offer her skills or a product she sells and accepts payment in bitcoin
* She can ask her employer or clients to pay her in bitcoin
All of these methods have varying degrees of difficulty, and many will involve paying a fee. Some will also require Alice to provide identification documents to comply with local banking regulations. However, with all these methods, Alice will be able to receive bitcoin.
All of these methods have varying degrees of difficulty, and many will involve paying a fee. Some financial institutions will also require Alice to provide identification documents to comply with local banking regulations/anti-money laundering (AML) practices, a process which is known as Know Your Customer (KYC). However, with all these methods, Alice will be able to receive bitcoin.
[TIP]
====