Quote from: Ridwan Fauzi on August 16, 2018, 04:14:53 AM

Yepp, KYC is another part that will slowly destroy the concept of cryptocurrency. 'Money laundering and funding of terrorist' is news which cannot be proven by facts, they only plan and look forward to the future of cryptocurrency with suspicion. However, we cannot prevent and make Banking Cartels become stronger, because until now, many cryptocurrency users are still relying on banks to exchange cryptocurrency into money fiat, there is no special way prepared by cryptocurrency to overcome this.

I don't necessarily support KYC, but I thought I'd point out that KYC/AML is required of any business that carry money laundering risk. It doesn't matter if they deal with fiat or Bitcoin which means it doesn't discriminate against crypto.

It's also targeted towards businesses themselves, not individual people -- meaning anyone can skip it by simply not dealing with businesses that implement them. Let's not forget that Bitcoin was originally meant to be peer-to-peer anyway. KYC/AML will destroy nothing but the convenience of using of an exchange, and even then, there will be some people that won't mind.