The bank only knows the value of the coin(s) you bought, not the identity, and, apparently this seems enough to fulfill those regulations?
"Forgetting Your Customer" is *not* how you comply with "Know Your Customer".
Do you have any reference to how your blinding/unblinding supposedly works? Is it even mathematically possible to *insure* your identity is forgotten --- while still maintaining verifiable coin/transaction validity?
Without some such insurance, you're operating on blind trust and assumption. And you know what happens when you *assume* too much?
And in addition might have recorded serial numbers of the banknotes...
Except in very specific, pre-arranged circumstances (such as a ransom demand) they don't bother recording serial numbers --- simply because the info is quickly rendered obsolete and useless from the way cash is freely exchanged and "mixed" in the marketplace.
Cash is typically considered untraceable and is the ultimate physical form of anonymity. It neither requires nor provides any identity info. Gift cards purchased with cash are the ultimate form of digital anonymity. Neither of these conform to KYC.
The base objective of AML and KYC is to eliminate anonymity from transactions. Compliance is generally not possible otherwise.
Yes, it is mathematically ensured that the coin issuer cannot link the actual coin to the account you are buying it with. No blind trust needed, check the math yourself: https://en.m.wikipedia.org/wiki/Blind_signature
For the specific implementation, you can check the taler source code.
Is is possible to trace back a gift card to the store that sold it? Maybe even the date and time? Then get the surveillance tape... If you pay with the same gift card more than once, all those transactions can be linked.
"Forgetting Your Customer" is *not* how you comply with "Know Your Customer".
Do you have any reference to how your blinding/unblinding supposedly works? Is it even mathematically possible to *insure* your identity is forgotten --- while still maintaining verifiable coin/transaction validity?
Without some such insurance, you're operating on blind trust and assumption. And you know what happens when you *assume* too much?
And in addition might have recorded serial numbers of the banknotes...
Except in very specific, pre-arranged circumstances (such as a ransom demand) they don't bother recording serial numbers --- simply because the info is quickly rendered obsolete and useless from the way cash is freely exchanged and "mixed" in the marketplace.
Cash is typically considered untraceable and is the ultimate physical form of anonymity. It neither requires nor provides any identity info. Gift cards purchased with cash are the ultimate form of digital anonymity. Neither of these conform to KYC.
The base objective of AML and KYC is to eliminate anonymity from transactions. Compliance is generally not possible otherwise.