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.
The orginial theme and concept of bitcoin was to provide the anonymity but all humans are not perfect. There are people who try to take advantage of this and may involve in illegal activities. In order to minize the risk, the centralized exchangess have no option but to enforce kyc.
Yes, many people dont like this and have no bad intent also, but we have to comply to this kyc requirement.