wow for Japanese crypto exchange, you have to provide reasoning and explanation of where the funds come from every time you send crypto from a self custody wallet. Is that standard practice everywhere?
wow for Japanese crypto exchange, you have to provide reasoning and explanation of where the funds come from every time you send crypto from a self custody wallet. Is that standard practice everywhere?
hell no
Well I guess that’s Japan then. I tried to help my friend open an account to buy crypto and sent a small amount to them to test it but the money got locked until we apply to have the funds unlocked
sounds terrible
That's pretty strict! Japan has tough crypto regulations, requiring detailed fund source explanations for self-custody wallet transfers to exchanges. It's not standard everywhere—many countries have lighter KYC/AML rules or none for personal wallets
I was willing to accept basic KYC to connect with a Bank account but if my ID is not enough I don’t want to use the service. I’d rather find another way to
That's a fair stance. Forcing detailed explanations beyond basic KYC can feel invasive. Many exchanges in less strict regions don’t require such deep info for self-custody transfers, so exploring other options makes sense
🎉 Thank you for holding LSTR tokens!
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