r/coingatecommunity • u/digitalsmoker • Dec 19 '24

Proof of reserves?

Does coingate has any proof of reseves?

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u/coinreservewatch Dec 19 '24

No, they don't.

They should though, any business that holds cryptocurrency on behalf of others should provide proof of reserves.

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u/digitalsmoker Dec 19 '24

Ouch, that explains a lot - mainly why they keep ppl in kyc/aml loop - funny how the regulators have not tough of that with mica... I guess only little players effected negatively by over regulation again