Quote from: bounceback on February 09, 2022, 07:56:08 AM

Quote from: 95Bolu on December 09, 2021, 11:01:46 AM

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.

One of the reasons bitcoin attracted many people at the beginning of its release was because bitcoin was anonymous, but along with the increasing popularity of bitcoin, it is also possible that one day bitcoin's original anonymity will also fade because regulators issued by each country force us bitcoin users to reveal his real identity (KYC) so like it or not of course we are forced to do this so that bitcoin is legalized in our country.

government licensing that compels to do KYC. exchange is a company registered with the government, so they also have an obligation to follow government rules, so that if the KYC is enforced then it is nothing but to find out the person who made the transaction, and in the end go to taxes for that country