Post
Topic
Board Announcements (Altcoins)
Re: [ANN]🚀 OPTHERIUM🚀 Synergy of Blockchain solutions
by
gaihulkfat
on 27/09/2019, 18:12:51 UTC

As I understand the state authorities are not interested that people would use cash. It is hard to control the revenue of people if they use cash. People do not pay taxes.
If money circulation bypasses government agencies, then yes, you are right. But this is most likely in the past. Although, truth, electronic payments are more controlled.

It is possible to control bank or electronic payment system but it is impossible to control cryptocurrency payments.

Regulators try to control cryptocurrency exchanges and requires exchanges that their customers would pass KYC procedures.

That is why there is a big demand in the projects that creates products that is necessary to pass KYC procedures.
It seems to me that the relevant decision when thinking about security, immediately there was a requirement and the need to go through KYC, so the time has come for demand for such products.