[unclebucknasty]

The worst are those that let you get invested and only then spring these requirements on you.

NBA Top Shot comes to mind. They allow you to buy with no problem. But, to sell on their platform you have to go through what is essentially a KYC check.

Your investment is sunk otherwise.

[Spivak]

I think people on HN underestimate how easy it is to accidentally build a money laundering system —- which NBA Top Shot did and now has to correct with KYC checks.

[unclebucknasty]

>I think people on HN underestimate how easy it is to accidentally build a money laundering system, which NBA Top Shot did and now has to correct with KYC checks

Oh, I understand the "why", but seems to me NBA Top Shot is the one that underestimated how easy it is to build a money laundering system.

And, suddenly requiring KYC checks of all users--irrespective of amounts involved and without an option for refunds--isn't the most customer-friendly way to "correct" their oversight.