Quote from: o48o on November 23, 2024, 07:42:39 PM

Quote from: Ucy on November 19, 2024, 06:32:04 PM

Or are there countries where IDs and maybe phone numbers are required before making purchases physically? Imagine how strange it would be to present your ID before buying or selling in physical world. Not sure I've ever been required to present ID before buying or selling, even physical foreign currencies offline. The kyc phenomenon seems to be peculiar to online world and bank transactions.

I think human right to privacy shouldn't be violated in anyway unless the human is involved in serious crimes or some suspicious activities. And even when ID becomes necessary, it should be handled with care to prevent it from going into the wrong hands.

With certain purchases, yeah, ID is required here. Not with daily groceries or anything like that, but with gambling, or buying stocks, cryptos etc. But it's coming more and more mandatory. Probably not with groceries and small purchases, but for expensive stuff it's coming for offline as well.
And reason you haven't asked kyc before is that regulations on that are changing rapidly. In 2016 no one cared if someone holded crypto, and kyc wasn't a thing in most places.

But about your second sentence: How would you know that person who is buying hasn't been involved in crimes or suspicious activities without kyc:ing them?

So how do you feel if it work or not? I think it should be about buying more things not about not having everything. But this thing happens in countries where most of the people are developed and they do something for their country due to which they get such facility.I understand that KYC must be done online because there was a project called Pi that required KYC. If they did not follow it there were no tokens in it. Most of these things should have KYC.KYC should be in big stores because in such a situation they could work hard with pleasure and without fear.They have a device for everything due to which they do all these things by keeping an eye on everything.