Post
Topic
Board Economics
Re: Is KYC benefit to crypto people or not
by
ArIMy11
on 10/03/2020, 13:05:12 UTC
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

For me, KYC has no benefit to people. In fact, I think it can cause harm to people when their information are in the wrong hand. But of course not all things that requires KYC are bad people. The one that will benefit the most are the people behind the KYC because they will be able to know their customer very well.