Quote from: Ambucrypto369 on August 27, 2019, 06:21:01 PM

Quote from: OrangeII on August 27, 2019, 05:21:32 PM

Quote from: yvesp110 on August 27, 2019, 05:07:18 PM

KYC is just a tool of anti-money laundering and I think there is nothing wrong about it. IN countries like the US, the crypto market is very much regulated with the Federal Reserve having every information about the inflow and outflow of money to and from the economy so I think there is no point in avoiding KYC because whatever you do is known by the exchange.

Yes, KYC is not wrong, however, many people do FUD regarding data information. KYC is indeed very important to avoid money laundering and other frauds. some KYC is also quite easy to do such as self-identification cards, and selfies. yeah, that's easy enough to do. it's just that we need to know who we give it to.

If exchangers not trust traders, then how can traders trust exchangers...Some exchange companies misuse our KYC details

There are a lot of people wanting to do bad things in their advantage. They want to earn money easily even if it means doing a crime and being strict is not new in the internet. The thing here is thay how can you say thay these exchanges misuse the KYC details these traders are sending? Care to explain?