Post
Topic
Board Trading Discussion
Re: Best way to buy Bitcoin (since halving is coming)
by
madnessteat
on 13/03/2020, 18:50:11 UTC
Undoubtedly, today is a very good opportunity to buy cheap Bitcoin before the next halving, since prices have decreased by more than 30%.  But regarding the provision of passport data at the time of purchase, Bitcoin scares few.  I personally do not see anything wrong with what KYC will require for me when buying Bitcoin for cash.  Moreover, in my country there is no state ban on the use and trade of cryptocurrency, although there is a minimum amount for which additional documents may be required.  but for me it’s not cretical.  Why are you so negative about Kyc and afraid of it?

How can we guess, Satoshi was a cypherpunk and supported the idea of right to privacy. The idea of Bitcoin is that it cannot be regulated, but the U.S. government has always fought against the right to privacy and found the only possible method to control bitcoin transactions using KYC. Think for yourself in the financing of terrorism and drug trafficking can be used the dollar as it is still doing today.