Post
Topic
Board Altcoin Discussion
Re: Has the purposed of kyc been diverted?
by
abake
on 25/07/2019, 19:15:21 UTC
Day in day out there are new projects requiring kyc from investors
Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?

The essence of KYC has been diverted and the most painful part is that our details are been hacked and sold to the highest bidders. But irrespective of that there are still very good projects and exchanges that care so much about Customers details