Re: Is KYC benefit to crypto people or not

Quote from: Thanasis on July 19, 2019, 06:15:17 PM

Quote from: Ambucrypto369 on July 19, 2019, 06:04:06 PM

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.

KYC is not benefit for investor only give benefit for seller or ICO owner, they want get all document from investor by submit KYC and they will know which document using by investor, they can take moment to make investor afraid by data publish for fault and make mistake. Better join ICO or IEO without have submit KYC and your data is safe.