Quote from: Upgrade00 on November 25, 2024, 07:36:53 PM

Quote from: fatcat1986 on November 25, 2024, 05:47:21 PM

He wasn't money laundering, just using his own legal money for HODL,
while he didn't want to do KYC.

I'm no sure if you're asking why he would want to not submit kyc. The major reason why it's not advisable is that you would the have copies of your personal document out there that can be leaked or hacked, putting your identity at risk. Privacy is something anyone would desire, especially when dealing with a cryptocurrency.

Quote from: fatcat1986 on November 25, 2024, 05:47:21 PM

Now he is wondering whether he might get problems cashing out in the future.

He should not expect any problems based on the fact that the coins where purchased without kyc. He also has options to cash out without kyc.

I think the main question was in the legal field of this whole debacle, however, you are right - it's good that OP's friend at least used the fake number for such an action.
Even though, I think nothing bad will happen to him afterward.