# KYC is the illicit activity, so why does bisq support KYC?

**URL:** <https://bisq.community/t/kyc-is-the-illicit-activity-so-why-does-bisq-support-kyc/11115>\
**Category:** Support\
**Created:** [September 29, 2021, 1:21pm UTC](https://bisq.community/t/kyc-is-the-illicit-activity-so-why-does-bisq-support-kyc/11115 "2021-09-29T13:21:16Z")\
**Posts on this page:** 1\
**Showing post:** 21

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**Author:** ![Elmo](https://bisq.community/user_avatar/bisq.community/elmo/32/1618_2.png) [@Elmo](https://bisq.community/u/Elmo)\
**Post date:** [January 15, 2022, 5:56pm UTC](https://bisq.community/t/kyc-is-the-illicit-activity-so-why-does-bisq-support-kyc/11115/21 "2022-01-15T17:56:09Z")

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I would like to add to this conversation my concerns expressed [here](https://bisq.community/t/sepa-seller-name-is-an-exchange-url/9205/21), about the fact that some banks keep a record of Crypto Exchange IBANs, to block, delay, return, report transactions to or from those IBANs.

To add to the above concerns, it seems counter-intuitive to have a rule that forbids any mention of crypto activity in bank transfers, but don’t give an opt-out option to users to avoid transacting with IBANs that are “flagged” by some banks as “crypto related businesses”.

The issue is more complicated than a natural person’s details appear on a corporate balance sheet or CRM/etc ☹

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_[View the full topic](https://bisq.community/t/kyc-is-the-illicit-activity-so-why-does-bisq-support-kyc/11115)._