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.....
This procedure has been talked about by everyone in this forum. Perhaps because people recognize their identity they feel afraid. I agree with that because Bitcoin is becoming popular because also the transactions here are all anonymous. 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.....
So the transaction also runs easily and securely. But we also cannot prohibit the project or the Exchange does not use KYC.
I've tried a lot of KYC's and I think KYC has gone well. There may be parties trying to utilize KYC for negative problems. So we also have to be careful in filling KYC form and do the checking.