What angered Bity is FINMA tightening know-your-customer (KYC) guidelines. Anybody utilizing a Bitcoin ATM in Switzerland should now do a KYC examine – in different phrases, reveal their id – in the event that they transact greater than 1,000 francs (about $1,150) over a 30-day interval. That is being carried out in an undemocratic manner, Bity CEO Alexis Roussel mentioned in an interview.
