About 2 years ago, I stopped participating in the Brave Ads program and no longer watch or allow Ads to be viewed on my desktop, you may ask why? Because Brave created an internal wallet and yet they force people to for to third party custodial services that are pain to use and unnecessary. So unti…

It is because of governement and financial regulations. Blame them, not Brave. [image] Change rewards wallet to Brave wallet Rewards Support In order to comply with current financial regulations (such as FinCEN and OFAC requirements, or equivalent regulators outside the Un…

I think that is. An excuse but don’t a good one! They can use a 1099 of US citizens and a W-8BEN. Everyone uses the government as an excuse. Do you mean a Few cents are a threat to OFAC? I can see oligarchs praying to get ads for a few BAT tokens!

Its a few cents to each person. But given there are hundred’s of thousands of users if not millions, it is quite a big amount, therefore needs to adhere to Government regualtions. Also, it is in everyone’s best interest to follow them, since if Brave didn’t, I wouldn’t be surprised if Brave was bann…

Not for money laundering your point makes no sense. It’s simple their model no longer works

Answers are in my FAQ: Why can’t I get paid directly to Brave Wallet? Why is a custodial partner necessary? Why can’t we link to Binance or some other exchange? Why is KYC/AML required?

Can’t we swap BAT for an equivalent gift coupon, then we wouldnt need KYC

@Manthank BAT itself is a cryptocurrency and in order to exchange for something like a gift coupon, that would mean an exchange is happening. Any exchange would require KYC/AML. That said, you would be right in saying Brave could have transitioned vBAT to instead let it be “rewards points” that cou…

I fail to see why KYC is mandatory. They can add a rule stating unverified users could only use vBAT to buy Merch, VPN etc. This would help both the user and Brave, instead as of now it’s getting randomly tipped(Idk what happens when tipped to unverified creator)

It’s all a sham, it has nothing do to with regulation and an American centric mentality that has killed most of the Fintech industry in the usa. A way to keep banks and exchanges afloat while they collect personal data. And old game that ultimately the participants will dry up.

[image] Manthank: They can add a rule stating unverified users could only use vBAT to buy Merch, VPN etc I literally said that in the comment you’re responding to. If it’s just for Brave’s services then they could have set it up for “loyalty” or “rewards” points you could redeem. But for some…

Why Brave does not use its internal wallet for the Rewards

Brave Rewards Brave-Ads Support

SmartyAadi April 28, 2023, 6:08am 2

It is because of governement and financial regulations. Blame them, not Brave.

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Why Brave does not use its internal wallet for the Rewards

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