Quote from: doomistake on November 28, 2019, 02:47:13 PM

I have to disagree.

KYC might not be entirely bad but it is entirely bad, if you know what I mean. We are here in the internet, in a cryptocurrency world where everyone came from different countries that have different identities, personalities, and so many more, that fact solidifies that KYC is not a good thing when it comes to privacy itself, it is like exchanges or anything that requires it are not that trustworthy for me, because look, they could do things they could even though without any KYC, yet they requires it.

And about the taxation in cryptocurrency, I am against it, because Governments should stay away and respect that cryptocurrency doesn't need one.

Well ... and I fully agree with you.

Basically, KYC is a rule made by them called third parties (government and banks). As someone who believes that cryptocurrency must be a symbol of freedom, I think, KYC is very inappropriate in the crypto space. Likewise with Taxes, once again, as some people here say, KYC and taxes in crypto are "very contrary" to the basic principles of cryprtocurrency.

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