Post
Topic
Board Legal
Re: Is it possible to reveal our identity in the local exchange?
by
Bolivar_Tony
on 11/07/2018, 08:13:55 UTC
As we all know that one thing that might hinder the acceptance of the bitcoin system for the government is the hidden identity of the members. Local exchange should do intensified KYC so as to avoid the system of cryptocurrency being abused by other members as well like money laundering, funding of terrorist groups and others as well. Some of the country had done this things already and the question is would favor to do KYC on your local exchange?
I think this is legal. Because KYC is a necessity for local exchanges. There are so many hackers and they can steal lots of tokens in the local exchange at any time. So KYC is way helps stop it