Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and crypto currencies are getting dangerous
by
wxa7115
on 21/08/2020, 19:31:47 UTC
KYC has nothing to do with freedom.ID verification is required when you use any fiat financial service(opening a bank account,forex trading account,using services like Paypal or Skrill,etc.)
Why the crypto exchange platforms should be different?They are considered to be financial services as well,so they have to abide by the same rules as fiat financial services.
The people,who are whining that they can't use mixers and complaining about KYC have something to hide from the authorities.


Exactly! If anyone has nothing to hide in authority ,should not be afraid of taking kyc and abiding the rules implemented by some exchanges in digital world which is the same rules as fiat financial services. If the Government will impose taxes one day ,then we have nothing to do but to follow.
And once again I got to see the I got nothing to hide argument, this is not about that this is about your rights and the huge risk that you are taking by sending your information to a bunch of people in another country that most likely are going to sell it in the black markets, and even if they do not do that they could get hacked and then your information ends up in the black markets anyway.

Your privacy is a right, I know that a lot of people do not see it that way because they are willing to give their information for free to social networks about what they like, what they don't like, the persons they know, how do they look like, their hobbies, where do they live and a lot of other information including financial information, but not everyone thinks like that and I'm surprised to see that in a market that was created with the express purpose of giving you your privacy back people are so willing to part with it and defend that point of view in the forum created by the founder of cryptocurrencies.