When is Brave going to enable BAT tokens (rewards) going directly to the self custody wallet?
Are the gas fees stopping you from doing that? If yes, why not to launch BAT tokens on low gas fees blockchain?
I have got everything related to the BAT tokens disabled in all my browsers waiting for above to happen…
Umm, not sure what to tell you. Usually the answer is that it needs to go through KYC/AML due to government regulations and all. And if you want it to go to Brave Wallet, it can’t be done. That said, Brave has been working on seeing what they could do. Originally it was looking through Themis, which is now called Boomerang (I guess).
Recently, Brendan Eich has been saying that Brave is still looking into on-chain BAT payouts that most likely would be done through Solana. If they go this route, they believe KYC/AML would not be required and it would open more opportunities for people. That said, they have no ETA and I’m sure there will be a lot of details/restrictions shared about this if it goes into effect.
We’ve had similar things teased out before, like a new custodial partner, but it has not arrived yet. It’s been more than a year since it was promised as well. So difficult part is getting people to have the right expectations and hopes.
Nope, not really. Just laws and regulations. I kind of spoke on this over at links provided below:
I’m not sure if I understand correctly:
“it needs to go through KYC/AML due to government regulations and all.”
“BAT payouts that most likely would be done through Solana. If they go this route, they believe KYC/AML would not be required”
Sounds like Solana is excluded from the government regulations? I think that governments or regulators put regulations in place independently from the blockchain used?
@H76t3 To be honest, I’m not quite sure what they are doing. That’s kind of why I tend to be hesitant to speak much on it because it can give people false hope and kind of necessitates us to make a lot of assumptions. Brendan has teased it out to us on Community Call that occurs and then people have brought it up here and on Reddit, which is why I’ve mentioned it. Otherwise I’d still not be saying a word to anyone.
This kind of is the highlight of what I meant when I said “I’m sure there will be a lot of details/restrictions shared about this if it goes into effect.”
What I do know as facts are what I’ve put in my FAQ links above, where I’ve even linked to real news articles and laws. I also know legislation now in various countries are targeting DeFi, trying to make everyone KYC/AML in order to use cryptocurrency, especially if it’s being converted to fiat. So even if Brendan or others answered now on what they are trying to do, we never know if changing regulations will put a stop to it.
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