Post
Topic
Board Altcoin Discussion
Re: Why exchange want to bank details for kyc???
by
sandraonas
on 09/09/2018, 22:41:51 UTC
Government is interested in the flow of money, anti-money laundry, tax evasion, illicit trades etc, but since cryptos are kind of censorship resistant, the only way they can keep a tab on it is to monitor entry and exit pointof cryptos against fiats and that take place on exchanges, so they require kyc to know who is the final destination of the cash