What is DirtiCoin’s VIP Depositor Whitelist (the Whitelist)?
The Whitelist
DirtiCoin’s VIP Depositor Whitelist is a list of people and businesses authorized to deposit wealth into DirtiCoin. You might think that just waving money at us through DirtiCoin deposits is enough to get on the Whitelist. That is not true.
You have to wave money at us, AND you need to fulfill meet certain regulatory requirements.
Scalawags
Everyone knows that the cryptocurrency world seems to have more than its share of pirates, thieves, and rogues (AKA Scalawags).
The people who created DirtiCoin to protect your wealth against inflation and volatility don’t want to help Scalawags. One way to discourage Scalawags is through compliance with the US regulations around Know Your Customer (KYC) and Anti-Money Laundering (AML).
KYC
KYC, not to be confused with KFC (Kentucky Fried Chicken), requires people to prove their identity.
AML
AML requires people to take some minimal steps showing the source of their isn’t from criminal or terrorist activities.
Done For You (DFY)
The people who provide you regular banking products required you to fulfill KYC and AML requirements. This is true for your debit cards, credit cards, wire transfers, and ACH, or digital payment portals like Zelle, PayPal, Venmo, and others. They did this when they opened your accounts. That’s why DirtiCoin doesn’t need to do KYC or AML when you use those to deposit funds into DirtiCoin. These payment portals automatically allow you on DirtiCoin’s VIP Depositor Whitelist.
Additionally, all your sensitive personal and financial information needed to complete the KYC and AML is kept safe. It is never handled by DirtiCoin. We need is your contact details and the crypto wallet address where you want to store your deposits of DirtiCoin. We use those to alert you when DirtiCoin is airdropped to your crypto wallet.
Do It Yourself (DIY)
The world of cryptocurrency is very different.
Although some exchanges require KYC and AML compliance, many do not. In fact, decentralized exchanges (DEX) are peer-to-peer exchanges, without any centralized authority. This means there is no KYC or AML.
Because of this lack of KYC and AML, cryptocurrency is the preferred channel for Scalawags to launder their money.
DirtiCoin does not want to participate in that sort of economy. So, we are doing two things.
- Negotiating to join centralized exchanges which have a proven record of KYC and AML.
- We require that everyone wanting to use DEX to make DirtiCoin deposits go through a designated third-party KYC and AML process provider.
Just as in the “Done for You” section (above), all your sensitive personal and financial information needed to complete the KYC and AML processes is never received by DirtiCoin. We get an approval from the third-party. This keeps your critical data private.
If the deposit is outside of the DirtiCoin presale period, then your DirtiCoin is deposited directly into your crypto wallet. During the presale period, we need your contact details and the crypto wallet address where you want to store your deposits of DirtiCoin. We use those to alert you when DirtiCoin is airdropped to your crypto wallet.
In all cases of the DIY version of KYC and AML, the depositor will need to pay a fee to the third-party provider for the KYC and AML process.
Conclusion
Airdropping DirtiCoin to your wallet nearly always uses the Whitelist. This will likely remain the case for USD banking deposits. For all DEX deposits they DIY version of KYC and AML will apply, and deposits will be immediate after the third-party approval.
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