From 529a42a74f5ab41bf93d1f835bdb9e928407db49 Mon Sep 17 00:00:00 2001 From: rating89us <45968869+rating89us@users.noreply.github.com> Date: Fri, 26 Mar 2021 16:18:40 +0100 Subject: [PATCH] ch01: add AML and KYC terms --- ch01.asciidoc | 3 +-- 1 file changed, 1 insertion(+), 2 deletions(-) diff --git a/ch01.asciidoc b/ch01.asciidoc index 2ec4ba8b..25e299d1 100644 --- a/ch01.asciidoc +++ b/ch01.asciidoc @@ -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] ====