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ch01: add AML and KYC terms

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rating89us 2021-03-26 16:18:40 +01:00 committed by GitHub
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@ -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 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 * 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 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.
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.
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