Post
Topic
Board Exchanges
Re: eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20
by
joker_josue
on 11/04/2025, 00:22:49 UTC
No, because KYC data is not required in most cases. Normally the person only needs to say their name, country of origin, and type of wallet (custom or not).
That is just a first step before asking for full kyc verification.
If they all did the quick change they would lose customers and more people would complain.
Instead they decided to use slow cooking of ''frog''.

Yes it is true. But unfortunately, using centralized exchanges will become increasingly difficult to use without KYC. This type of law only makes people migrate to the parallel market. They lose more control than they gain it.

Sometimes these legislators don't seem to realize that criminals never use KYC exchanges, they will always look for ways to avoid being found. Those who use open services are honest people who have nothing to hide. But having nothing to hide doesn’t mean you need to expose all your data to third parties.