Post
Topic
Board Beginners & Help
Re: Why KYC is extremely dangerous – and useless
by
MufasaR
on 31/01/2020, 11:59:12 UTC
crypto had to bend down to the rules of FIAT
Don't conflate all of crypto with these centralized scammy exchanges. Bitcoin hasn't bowed down to anyone - it is still just as decentralized and censorship resistant as it ever was. It is only the centralized exchanges which have sold out the principles of bitcoin and sold out their customers, enforcing these ridiculous KYC demands and deciding what their customers can and cannot spend their bitcoin on.
Are you saying exchanges are the biggest crypto service providers that have most of the  influence on whether KYC should be done or not ?
Thought gambling is one industry that has adopted this KYC culture which imo is hurting their own businesses in the long run