Topic inspired by this excellent post: Why KYC is extremely dangerous – and useless
https://bitcointalk.org/index.php?topic=5221497.0I am concerned about the dangers of KYC, but
how do you do business in the USA (and many other places) without it? To be clear, individuals cannot use vital services without obeying the requests, and businesses cannot exist without obeying the SEC rules. We need new ways to help
BTC go mainstream without all the BS. Any ideas?
It is obvious that KYC could be dangerous in some ways concerning some issues in your informations.
however KYC always a requirement when it comes to legitimate companies, like for example banks etc. Could also help with some issues or scams to easily track someone.
It is only dangerous when you give it to scam websites or companies. We know that legitimate companies somehow sell our data but identity is different.