Post
Topic
Board Bitcoin Discussion
Re: A question about AML KYC
by
Ucy
on 12/03/2020, 06:38:24 UTC
Why use the current kyc model in a space that is full of people who privacy/anonymity conscious? Those who believe in the current kyc should probably get their customers from people who are OK with it. The customers will most likely be made mostly of people who are somewhat desperate, don't know why they are here nor understand what Cryptocurrency is about.




Quote
or simply register with any email, but knowing that you might be one of the 0.1% and might be asked to confirm your identity (as it is now with Changelly)?

This ^ is interesting
 I wonder how they determine who should do the kyc. Who knows the amount of data at their disposal. I will be a bit careful with this.

I honestly prefer a Crypto-friendly kyc model. No one should see or have access to my sensitive information. This is to avoid misuse and it getting hacked. I think the community should probably decide on what model is safe for them if using kyc becomes necessary