Post
Topic
Board Legal
Re: KYC Compliance for Bitcoin
by
Tylev
on 26/07/2018, 20:32:13 UTC
KYC compliance in bitcoin can really help it to gain legitimacy plus it will be available for more common people.

Read More: https://shuftipro.com/blogs/kyc-compliance-for-bitcoin-business/

What you guys suggest?
I do not see that the KYC test has a positive effect on the process of legalizing bitcoin by states. The fact that during confidential transactions with confidential information will disappear and most of its holders will be known to the state for collection of taxes, will not solve the main problems of bitcoin for states - its decentralized and unmanageable nature and its great volatility. It is these two factors - uncontrollability and volatility of bitcoin that are the cause of the bad process of legalizing bitcoin and all the crypto-currency from the states.