15 sats \ 1 reply \ @wxcbhwdishymdjjclh 4 Apr 2023 freebie \ on: Be Warned: Strike will refuse to delete your personal info after rejecting you bitcoin
Strike has plenty you could criticize about, but this is not the hill you want to die on. Ex employee here. I will not verify that claim.
Strike is required by law to retain financial data in order to be KYC compliant. The email you got explains this clearly.
This is unfortunately, not up to Strike. You have to provide KYC data and if you are being rejected it is because you have either:
- Attempted to create multiple accounts
- Are flagged by Prime Trust as too high risk
- Have committed fraud on other platforms that use Prime Trust
- Have provided false, inaccurate or clearly doctored identity info
- Live at an address that is not residential (Long stay hotels do not count. The address must legally be RESIDENTIAL)
Do not drag Strike through the mud just because you couldn't get an account and then couldn't even be bothered to read the email explaining this is in compliance with Gramm-Leach-Bliley Act.
My advice is to not use any platform that relies on Prime Trust. River Financial is my choice. Freeze your credit but also understand River Finanical requires KYC data and will retain it if you request your account to be deleted.
Strike does NOT want to retain this data. The liability risk is way too high. Technically, Prime Trust custody this data but its still a massive pain in the ass with no real benefit. If they do not retain this data for a set number of years the United States government will shut their shit down in a heartbeat.
Strike does not sell the data, and their TOS explains this. If Prime Trust gets hacked, you're not only going to see data from Strike but every exchange that uses Prime Trust to custody KYC data. Which is a lot.
Your data will be removed after it is no longer required to be retained. Educate yourself on law and know your battles.
A lawyer will laugh you out of the office or grift you out of money. You will get similar responses from most regulated exchanges if you close and request your data to be removed.
Data privacy laws in America are a joke. If you want to fight this fight, advocate for the constitution to be amended to include data privacy rights.
Go ahead and open an account on Bitcointalk.org and then request for the data to be deleted. They wont even though there is no legal obligation one way or the other.
Don't make the mistake of assuming your best interests are guarded just because these companies are "Bitcoin only" or market themselves with any sort of moral good because they are built from the community.
GENESIS