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11 sats \ 2 replies \ @e0ce06e368 9 Jan \ on: pretyflaco aka Kemal of Blink & Adopting Bitcoin here - AMA! AMA
Why does your service require a phone number to sign up? And, very honestly, if the authorities request user data, will you provide it? In almost every country, a phone number is linked to a national identity. Please answer this question honestly, if I find it convincing, I’ll start using your wallet right away.
Two reasons:
- accessibility
- compliance
read more here: https://www.blink.sv/blog/simplifying-bitcoin-user-friendly-account-creation-and-recovery-in-blink
if the authorities request user data, will you provide it? yes, Blink is a regulated financial institution and if Salvadoran authorities make a valid request, then Blink will share information with the authorities, and has done so in the past. Blink also must submit SARs (Suspicious Activitiy Reports).