One of the main reasons why Cryptocurrencies is famous and preferred is the fact that it provides anonymity. the documents such as passport and ID, required during verification already goes against one of the integral features of the trading platform,However sending fake ID for KYC seems to be a loophole hackers are exploiting. it also leave s a big concern of=n the security of the users accounts,
I share the same worry, KYC might be the blueprint for the fall of crypto currency.
Right. I have never invested in projects forcing KYC investors. I think such projects could be created by hackers to steal people's information
Not all. Some of the success projects that give us a good profit already have KYC also. But topic starter made answer right. You always have chance to use any fake ID or other docs. Yes, if you use swiss banks for participation it's not applicable. But in other cases why not?