Post
Topic
Board Altcoin Discussion
Re: KYC defeats the purpose of Crypto. Thoughts anyone?
by
raymondspeaks
on 20/04/2019, 14:28:59 UTC
Or am I just being a grumpy old man?
Not at all. People joined crypto revolution because kyc wasn't required for anything and because of anonymity. I think lots of politics are involved in crypto lately and every single country wants piece of our money. They want to control crypto, I think they are very successful in that and crypto is slowly moving into different direction. Sooner or later every service will ask KYC, and we can't do anything about it. Accept it or leave this.

I think you hold a good point there. I remember the days when you could trade on Bittrex and they were glad to take your crypto without any ID. Now they hold all my ID. I use Bittrex a lot so I had to do this. It's either suck it or leave it.

BTW Yobit still doesn't ask for ID for anything. I've used that place for at least 4 years now. That being said the experiences that have came out of that place so far have been mixed. I've never had any bad experience though!