When i first heard about bitcoin, one of the selling points then was the pseudo anonymity. But as of recently, it is hard to purchase any crypto without encountering a form of KYC.
I’m just curious of everyone’s thought on this.
What do you mean by "anti-enthical"?Can you elaborate more on this term?
KYC regulations apply to all financial services.Which government regulations are "ethical" and which are "anti-enthical"?The law is what it is and we have to follow the rules,even though some of rules are BS.
KYC is required when you open a bank account or a forex trading account in fiat currency.
We all want the crypto industry to be viewed by the government as a legit and legal industry.
If we want mass crypto adoption and legalization,this is the price we have to pay.
If you are complaining about not being anonymous,then why don't you use you a privacy coin like Monero.