Hello, I’ve noticed that many cryptocurrency applications now include an in-app evaluation form. These forms typically require users to either commit 10% of their assets or report annual earnings below 100k before they can proceed. I’m curious about the implications for users who own more than the threshold or have made significant profits this cycle. Does this mean that exchanges might no longer be available? Also, why is regulatory control in the UK becoming so stringent?
hey, im not sure if its more a risk mngmnt thing rather than wiping exchanges off. seems like they wanna filter out high-risk users. im still a bit wary of all these extra hoops tho, might be more about data gathering than actual asset control.
The situation appears to be a strategic measure by platforms to enforce compliance and manage regulatory risks. From my own experience, these forms act as a deterrent for potential abuse by high-net-worth individuals while ensuring that all users are assessed under similar criteria. The thresholds are designed to segregate users based on the risk they bring and align with tighter scrutiny by UK regulators. It is unlikely that this means exchanges will be unavailable for wealthier users, rather that alternative assessments or conditions might apply to them.
hey everyone, im also really curious bout these new crypto forms. i feel there’s more to it than just filtering high-net-worth users, maybe its a way to get a better grip on how people are moving funds or even to help users be more aware of risks. i wonder if this might eventually lead to a change in how things are regulated globally. like, could these measures become a baseline for transparency, forcing all users to prove their legitimacy? im still not 100% sure if this is just a temporary measure or the start of stricter control overall. what do u think, could we see platforms offering alternative assessments for bigger accounts in the near future or is it all just more control under the hood? eager to hear ur thughts!