Quote from: timerland on October 07, 2019, 03:26:09 AM

Being forced to reveal your identity and your other details (address, passport, credit card verification) is never a good thing for an industry that was built on a coin that provided privacy and decentralisation.

Quote from: Vinalians on October 07, 2019, 02:38:01 AM

For me it's not. But it is the way of the government to avoid money laundering so we the people can't complain on it. I just think what if the owners also have the KYC right? I mean a procedure like KYC but for the owner for sure there will be changes on investing on crypto because we will have the assurance of not getting scammed.
In the future KYC will be more needed for sure cause there will be so much scam.

It might be a way to avoid money laundering, but the real question is, how much of our privacy does the government need to invade for them to be able to catch criminals?

Its not actually good to require KYC, since cryptocurrency was built to let us become anonymous in every transactions we made. It is one of its feature why crypto users wanted to use it.
Even if they require KYC it wont stop illegal doings, they can just easily buy fake information in the blackmarket where it is being sold.