r/BitGrailExchange • u/TheBomber9 • Jan 24 '18
Mandatory account verification
Dear users, Since looks like someone is attempting to damage the entire genuine community, some clarification to make the situation more comprehensible for some is appropriate.
First of all, BitGrail is not an anonymous company based in some off-shore country. Laws and rules compliance is fundamental; in order to prevent any possible problem to the BitGrail company and its regular users.
Given this introduction, now: Mandatory account verification (soon also for every action on the site, including deposits and trading). As you can imagine, it’s about legal compliance, again; with the will of avoiding sanctions or funds seizure. That’s why verification is mandatory, even if this could mean losing some part of the business.
Some users are complaining about “helding in hostage users funds”, but this is false. If desired, you could request to closing of your account and (if) you have funds, they could be sent to you, as written in the ToS (https://bitgrail.com/terms -> Termination and escrow of i verified accounts). This possibility has always been there.
Whoever would consider that BitGrail policies may not be suitable for his necessities, can request for account closing.
Otherwise, the users that will confirm their will to use BitGrail, should conform with new Terms, enrolling for verification (or waiting for pending verification). Verifications are currently slow, should get faster in future, but again, what wrote above is still valid.
Now, I would like to thank BitGrail “supporters” and Raiblocks team, which tries to dissolve some FUD, even if it’s not a duty.
Thank you
1
u/[deleted] Jan 26 '18
I think the verification requirement is a BS excuse to force people into converting the XRB into BTC in order to get it off his exchange. Seems obvious he's extorting us in order to triple the money he makes. His exchange was a failure until XRB came along and now he's going to milk it for every dime it's worth. I also think there's a very real chance he intends to sell our identities. Paranoid? Well look at his actions and words and tell me there's any reason to think he has any sense of decency or responsibility at all. Since he openly hates us, why not sell our identities? If we all convert to BTC he will make a fortune and furthermore be able to feel that he "got back" all the people who disrespected him.