Post
Topic
Board Bitcoin Discussion
Re: KYCs (Know your Client) is killing crypto
by
uszaty43
on 25/03/2018, 17:58:21 UTC
When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.

KYC or Know your customer is not kilking crypto. I don't see anything bad or negative about this. This KYC is for protection for anti money laundering and scammers. If this way will keep me safe, i'll accept it.

But now there are a lot of people asking for KYC for everything that concerns about cryptos, and that is shit, no one likes to give your personal information just for giving out some money, that is absurd.

KYCs are a must for ICO's, but not for anything else.