KYC flies in the face and is completely counter-productive as to what crypto-currencies are all about.

I thought the whole concept revolved sending money, peer to peer,  cheaply, quickly and anonymously, anywhere in the world in one transaction rather than rely on various banking institutions who charge an arm and a leg.

They maintain that KYC is a deterrent for money Laundering.  Yet these same governments, institution etc, will be the first to shout from the rafters that crypto-currencies are not money..


KYC is just another means of the few taking control over the masses

Just my opinion..