Post
Topic
Board Trading Discussion
Re: Why exactly is it that people don't like identifying themselves (KYC)?
by
crzy
on 17/12/2021, 21:03:16 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.
Hackers and scammers can easily use your personal details to access your accounts online, and to scam many people as well using your identity and this raise a concern for your own safety as well. I do not support KYC in cryptomarket because first there’s no regulations here that can protect yourself from any kind of fraud and of course I’m concern about my safety and the safety of my money online. KYC should not be mandatory, that’s cryptocurrency for me.