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.
Yes, KYC is the governments effort to control crypto for tax and regulation reasons. However I see this effort as an impossible goal achievement because the blockchain community is already far ahead in terms of decentralised finance and decentralised wallets. We already can trade anonymously and in a few years we will have other ways to trade in ways that the government cannot track. KYC is a fruitless attempt at control.