Re: Know Your Customer

I am not sure this will be governed by government because there is no tax here, maybe kyc here only aims to find out who is joining ico, name, gender and citizenship that will be viewed

it's hard to predict, too, whether the government will manage everything, so we have to see what's going on next, so we have to wait for everything

I think if the government will take the management of any cryptocurrency or especially the bitcoin, it will enormous time to adapt for the vague change. Considering that bitcoin has a very large system and this is being transacted by almost all people in the world so it means that this is international. And all governments will have to meet together.

I think crypto has not been governed by the government because we are not required to pay taxes to join in ico, or maybe the government just wants to know who its citizens are joining in crypto currency to avoid illegal transactions

know your custumer is usually needed when we will participate in an ico. and i think this is prompted by the project developers, so i do not think it's the government that asks. and probably well if this is done to avoid illegal practices

Exactly, KYC is the factor that government care about. Its also the reason why most governments do not accept the existence of cryptocurrency as a kind of payment like fiat currency. Because it goes without saying that if you dont know your customer, you will be in scam, thats the reason why fiat has an important stand in the public eye. Truly its not easy to break the anonymity in crypto market, its a main characteristic of this market.