Topic: Great news from COSS - FIAT Trading is finally here! (Read 42 times)
I think that KYC should be and it should only be held by investors, sometimes asking to pass KYC bounties.
I think KYC is necessary in cryptos, it will make cryptos to be well adopted and remove all fraud and scams in the scam, with KYC it is possible for bigger institutions and government to enter into crypto space and invest huge into the space. because it is fraud and scam free.
Add your vote for price direction. Are KYC procedure good or bad for crypto to crypto ?
Well, this is a big dilemma for us. Crypto should not use KYC. The principle of crypto is anonymous.
But sometimes, some scammers using crypto doing bad things. So, no other option for exchanges to do that (KYC procedure)
news added for Verification on YEENOT TODAY
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Add your vote for price direction. Are KYC procedure good or bad for crypto to crypto ?
https://yeenot.today/catalog/news/173
Add your vote for price direction. Are KYC procedure good or bad for crypto to crypto ?
This is a very good news to those people supporting this project. I'll be expecting a sudden spike on the token's price soon. When it comes to KYC, each and everyone of us do have different opinions and understanding of that process specially when it comes to invasion of our privacy but exchanges and trading platforms wanted as well to run the business legitimately by abiding certain laws to prevent any possible complications with the government in the future.
In my own opinion, as long as I'm not doing any illegal trades using crypto I don't have any qualms but rather feel more secure if the platform I'm in is letting me undergo KYC for my own security I don't have any problems about it.
We all know that bitcoin in the first place was really invented for anonymity and security when transacting online but there are also possibilities of illegal trades or money laundering that can happen if its totally anonymous so that's why bitcoin nowadays is already considered pseudo anonymous because of the regulations that some exchanges or almost all of the trading platforms implemented due to government regulations.
news added for Verification on YEENOT TODAY
https://yeenot.today/catalog/news/173
Add your vote for price direction. Are KYC procedure good or bad for crypto to crypto ?
https://yeenot.today/catalog/news/173
Add your vote for price direction. Are KYC procedure good or bad for crypto to crypto ?
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