Quote from: PrivacyG on December 04, 2022, 10:57:04 PM

Disagree. There is still a lot to give. I made big privacy mistakes before yet here I am. Does not mean I have to give every thing because I gave something once. If I think something is an overreach, I retreat.

Of course you don't have to give everything. As a matter of fact you don't have to give anything as long as you avoid CEX.

Quote from: PrivacyG on December 04, 2022, 10:57:04 PM

There are some Centralized Exchanges which still do not ask for Know Your Customer procedures. Instead of depositing large amounts, why not proceed differently. Deposit small parts and withdraw after every trade. If you want to trade $10,000 in branches of $1,000 each, it will take you 10 deposits, 10 trades and 10 withdrawals. But if they crack down on your account, you lose only $1,000.

And for how long that's gonna work, trader depositing few thousands in smaller batches and then withdrawing even more, on the daily basis? My guess is not long before you get asked for KYC.

Quote from: PrivacyG on December 04, 2022, 10:57:04 PM

It is unfortunate. But these are the modern regulations and laws and they may get worse over the next years. All we can do is either comply or adapt our strategies to their measures.

If you wanna use all the CEX pro's, be ready to accept all the cons as the way things are developing , in a year or two it won't be possible to use any CEX without KYC. Small time traders may try to work around those regulations and try to avoid KYC but anyone dealing with bigger amounts (and I know few of those) will simply accept the reality.