Post
Topic
Board Economics
Re: Is KYC benefit to crypto people or not
by
xabre
on 01/10/2019, 05:54:07 UTC
Is KYC is benefit to crypto people or not. what are the advantages and disadvantages of doing KYC.

Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.


Now KYC is trend in crypto market..... Cheesy
Kyc not needed for using crypto currencies but you may need them for buying crypto currencies a lot which I think indeed to stop people from money launder their black money apart from this no other advantages we can get but lot of disadvantages by having KYC like our details are in hands of someone which can be used for anything if they want.
I afraid with our KYC data using for other thing by crypto website, maybe for investor no needed KYC because they have invest money in crypto without get free by join campaign.