we hate KYC as it is not good idea with blockchain who intend to hide our personality!
second, why are they just on one exchange. they are preparing for better!
it is a great thing to do but will make it
Sad to say but there really is nothing that we can do about it. I honestly think that centralization is the only way that we can push mass adoption for crypto currencies. The only thing we can do is hope that people on top will not take advantage of this and do bad things with the info they get.
Even how many times we complaint about the KYC rules we do nothing about it. But I know for sure trustlogics will give us more help about the
plan they have to their community investors here. Aside from that TrustLogics, with its patent pending platform, takes a step further and aims to
build a blockchain application and become a global information gateway for workforce data, where a user can verify their personal and
professional information, store it on the plato
rm and securely share access to their data with any user or application.
KYC is now necessary for the ICOs not to break the regulations, otherwise they will have a problem launching the project if they will not follow the regulations. Better safe than sorry right, as i have read some ICOs already who had hard time with their project just by not following this simple and doable process. If the person really doesn't want to be subjected to KYC, they can simply wait for the tokens to be available in the market.