Post
Topic
Board Bitcoin Discussion
Re: The PATRIOT Act comes to cryptocurrency
by
gunhell16
on 23/10/2023, 23:25:13 UTC
It can't be denied that most of us here still don't like giving KYCs to centralized exchanges; even I don't want it either. It's just that, due to the situation and opportunity, we still can't avoid submitting our KYC because we have something that needs to be released to an exchange that is under this regulation, or else we won't be able to release our money on their exchange site platform, right?

Now, the question is: who really controls our KYCs? Is the exchange centralized, or has it passed the requirements so that they can operate legally under the government of a country where their business is located internationally? Isn't it clear that the government is really in control because they don't like the decentralized system?