Quote from: princerepon on July 17, 2019, 10:17:05 AM

Quote from: Ambucrypto369 on July 16, 2019, 04:32:11 PM

What happened to local bitcoin trading site..do to the sudden implementation of KYC procedure regular traders getting shocked with the limitation of LBC trading... already we facing various issues from government sides, then the sudden KYC implementation gives negativity so the traders are decreases day by day. Finally the KYC procedure not user friendly, If we produce the right id proofs then also getting rejected. If it continues we dont no what happen to LBC next?

When i start trade with Bittrex there is no KYC there and now you have to verify your self before start trading otherwise you are not eligible for trade. And the most important thing is many crypto exchange want now KYC and there is no doubt upcoming exchange also will want KYC. They are doing this many reason and one of the main reason is security. We can't do nothing about it. Just deal with it.

With time, we just want to accept this decision. Because I am sure there will be more exchanges that will apply KYC to its users. So if we still want to trade, then we have to obey the rules. If we are afraid to do KYC, it is better to make sure we use good and responsible exchanges. Now we are just waiting for time, when this regulation will be implemented in all exchanges. btw actually I also don't want regulations like this, but I can't do anything, I'm just a trader who needs an exchange.