Quote from: JeffBrad12 on October 02, 2019, 01:10:10 PM

Quote from: Mumbeeptind1963 on October 02, 2019, 12:31:40 PM

Quote from: WatchMaker on October 01, 2019, 02:39:36 PM

KYC is killing the privacy and freedom of using cryptocurrency.
Using cryptocurrency, people have control over their privacy instead the KYC is destroying that.
The people have no benefit to KYC rather Governments and companies that are enforcing the KYC.

I agree with you. KYC is not good , we cannot know if they are having a secured database we cannot know if there will be a time that they will be having a data breach. Also it kills the anonimity of bitcoin users which is one of the reason why there are so many bitcoin supporters.

The anonimity has long died, everywhere you want to use your BTC they usually tend to requires you to verify your identity first by doing the KYC procedures and that will goes on accompanying the government's effort of Anti Money Laundering. However, KYC in my opinion is not that bad only if the government officials provide their service to every company that requires their user to do the KYC verification rather than letting all those third parties did it or even worse the company that you don't even know who is the owner doing it independently.
It's not like that the government is trying to make everything complicated but they have no other choice to prevent money laundering since all the bad rumours about bitcoin being used for evil things which infact is pretty rare is already on the mind of the people inside government.

sometimes exchanges or some ico projects sold our details in the form of kyc