Post
Topic
Board Trading Discussion
Re: Why exactly is it that people don't like identifying themselves (KYC)?
by
breathlessz
on 16/12/2021, 10:10:30 UTC
I get that it goes against the fundamentals of crypto currency, but exactly for what reasons though? Assuming you're not using it for anything illegal (if you are then it's understandable), why the concern? I'm asking specifically when trading.
I personally really want freedom in the crypto world, but indeed some exchanges including the largest exchanges require KYC even though crypto is not yet legal. Actually there is no significant problem if we are KYC, but sometimes we think that if our identity is misused it will become a problem, especially without clear legal protection.