Post
Topic
Board Bitcoin Discussion
Re: Isn’t KYC anti-ethical to Bitcoin?
by
virasog
on 10/02/2022, 06:12:36 UTC
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.

You can still use and combine some decentralized exchanges, social media platforms ,mixers,  even some gambling sites and  P2P in order to get the crypto without doing the KYC but the process will be complex and not easily understood by a layman or the one who is new in the crypto.

There is pressure from the governments to make the KYC mandatory and hence the famous centralized exchanges won't allow you to buy bitcoin or make P2P transactions without KYC.