Hi , does Kraken check whether miners that want to sell their output on Kraken are involved in human rights violations and/or financing conflict? Specifically, would you vet miners in a high-risk region like Xinjiang, which accounts for a big chunk of bitcoin mining?
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1/ Why would one vet miners more than other cryptocurrency owners?
2/ In contrast with oil, gold, etc ... Bitcoin mining is one of the cleanest ways to mine a commodity.
3/ Imagine how hard it'd be for a US exchange to obtain reliable information on Chinese individuals...
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This. We "check" all corporate applications. Do we go undercover in their factories and interview their employees in order to 100% clear them of any unlawful or immoral behavior? No. We report suspicious activity when we see it and sometimes close/deny accounts but we're not cops
Thanks for your response. Can you envision Kraken becoming more proactive in human rights due diligence, say like how the London Bullion Market has enacted a responsible gold policy?
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are you referring to that time the Bank of England seized $1.2B worth of gold from Venezuela to assist the US in enforcing sanctions? That kind of responsible gold policy?
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