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They also will transfer your data to US or may transfer it to other governments, according to their Terms and Conditions. The main problem is that the US regulators are threatening such companies if they accept US customers (look what happened to 1broker, company providing similar services to customers without KYC).

The proposed Lightning network has each node performing routing for any participant on the network. A licensed exchange cannot transmit money for anyone without KYC/AML. So either exchanges won't use Lightning, or they're demand that anyone that wants routing must have KYC/AML. If Lightning can circumvent KYC/AML, then that will exclude exchanges and payment processors and anyone else that, you know, obeys the law, from using LN; and since the vast majority of buyers and holders buy on Coinbase, Bitstamp and other regulated exchanges, and since the vast majority of merchants use Bitpay and other regulated merchant gateways, and since your local coffee shop doesn't want to be in the clandestine Lightning Hub business any more than they want to be an illegal credit card processing gateway or uninsured mobster credit union, that Lightning is basically a non-starter for most use legal, typical cases. Before anyone says "yeah but" the answer is no, this is nothing...

I have done transfers before and everything went smooth until 15 days back, right after i did the transfer they sent me requesting details for the KYC process, they take one or two days to reply to me and within 6 days I have sent everything they requested. Now after they have everything, they do not reply to my inquiries, they did not provide any timeline or clarity on the process and why they did not mention it before. I did the transfer 2 weeks ago and today I have no clue what is the status. I find it fishy that they are doing this and is concerned about my money. What can I do? I have been through KYC before with a bank but it was very different, they simply send me a list of mandatory documents that I have to send, for bitstamp i am their customer for almost a year now and i did transfers before. I am not a day trader and do not have that big volume. They kept the KYC running for 14 days back and forth, there was a statement needed from a bank in my home country which i could n...