Quote from: Kinkadeinspired on December 05, 2018, 09:01:08 AM

Quote from: ibininja on December 05, 2018, 04:56:51 AM

Quote from: RyCriptoC on December 04, 2018, 05:01:33 AM

Quote from: ibininja on December 04, 2018, 03:44:41 AM

Quote from: ning_aric on December 03, 2018, 08:32:20 AM

With SEC rules coming down on CryptoCurrency and everyone involved, its important for everyone to Verify Residency. Also, its to protect traders on the exchange.

It is not only about SEC is also about the central banks and the governing policies of the country; take AML for example; that is to do with crime and finance. It is a whole regulatory organization building up now and not only limited to SEC.

Right. And I think it's positive for crypto in future. It will help in keeping crypto clean and not like what we think it is. I mean crypto used by mafia mostly.

Yeah and it feels the trend now is towards regulating and regulations. I think that is why bitmax mandates KYCs to conform to those regulations.

Regulations, whether we like them or not are gonna be something good in the long run, at least with exchanges. Due to fraudulent activities, it is nice to be able to track a particular user down.

Agreed and I am all for regulations and comliance I've seen many get hurt for fraudt in the crypto world; let alone the exchange and who knows what goes under their hoods.