Post
Topic
Board Bitcoin Discussion
Re: Isn’t KYC anti-ethical to Bitcoin?
by
rodskee
on 14/12/2021, 07:52:02 UTC
Although Bitcoin is anonymous, it is not completely anonymous. Others can know your assets through your address. But KYC also has advantages. Some people like this setting.
even if you wanted or not there are chances that KYC will be needed , when you are using exchange of in gambling site or even in some places where you need to purchase there is KYC obligatory so yes this is part of crypto and no one can escape the idea of Being expose not unless you are completely into Holding for long years.
and yes crypto is not completely anonymous so accept that fact because this is still more secrecy than banking.
For me, I think that KYC isn't that bad at all, I mean not a lot of people care too much about bitcoin so I really don't see how it's going to be a problem plus with KYC, we can easily dispel the argument that bitcoin funds terrorist due to it's anonymity which isn't true since there's already a KYC.
at some part this is for our own safety so engage in kyc or leave crypto that's all you have to decide right?