Post
Topic
Board Bitcoin Discussion
Re: Isn’t KYC anti-ethical to Bitcoin?
by
Yogee
on 14/12/2021, 10:44:06 UTC
....
because many issues of crime and crypto abuse caused the exchange to implement a KYC system.

No it's not about the crime or abuse but it's about the profit. Exchanges probably would not care who uses their platform as long as they gain something from those transactions. It was only after regulators mandating strict measures against money laundering that they started implementing KYC. They have to follow or they will be forced to shutdown.