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Fiat exchange and withdrawal possible from MyEtherWallet in Switzerland without KYC

スイスでMyEtherWalletからKYC無しでのフィアット両替・引出しが可能に

Yuya 【CRYPTO TIMES Official Writer】

Yuya Coin Desk News

We are learning a wide range of aspects of technology and application of distributed ledger technology.

MyEtherWallet (MEW) which is a wallet provider of Enterprise ($ ETH) can withdraw money from ETH to the legal currency / franc of the euro and Switzerland without needing KYC (identity verification procedure) in cooperation with Bity I realized that the function was implemented.

By implementing this function, it is said that Switzerland will be able to easily exchange and withdraw from Bitcoin ($ BTC), Euro, Franc directly from MEW Wallet. The maximum withdrawal limit is 5000 francs (about 550,000 yen).

Like exchange withdrawal from ETH to euro | From MyEtherWallet Medium

Bity from Switzerland is a company that provides cryptographic currency ATM in five domestic cities, and also has services to pay encryption currency exchange business, utility fee etc. in encryption currency.

According to MEW’s announcement, Bity’s KYC unnecessary Fiat withdrawal service is realized by its company’s Wallet holder verification system and the Swiss money-to-wash (AML) method.

Given that personal information is linked to the bank account of the withdrawal destination, it certainly may not need KYC between Wallet and the bank.

Anyway, being able to seamlessly exchange and withdraw without intervening from exchanges is an important point in spreading cryptographic assets as currency .

Article Source: MyEtherWallet Medium

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Yuya 【CRYPTO TIMES Official Writer】

Yuya Coin Desk News

We are learning a wide range of aspects of technology and application of distributed ledger technology.

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Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/mew-partners-with-bity-to-provide-exit-to-fiat-without-kyc/

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