Topic: Is it possible to reveal our identity in the local exchange? - page 3. (Read 478 times)
so far the main concern that i have seen the governments have towards bitcoin is that they have a hard time taxing it. they they cover it up with things like saying it is used for money laundering,.... but in reality they don't care at all about that. they only care about taxation. and the solution to that is pretty simple and it is to ask exchanges, merchants,... to comply with AML KYC and tax people that way.
In principle, it's okay if you introduce Kyc, then maybe there will be support from states. And maybe even the states themselves will start working with the crypto currency!
As we all know that one thing that might hinder the acceptance of the bitcoin system for the government is the hidden identity of the members. Local exchange should do intensified KYC so as to avoid the system of cryptocurrency being abused by other members as well like money laundering, funding of terrorist groups and others as well. Some of the country had done this things already and the question is would favor to do KYC on your local exchange?
It may be a good step in order for the butcoin to be safer as well as in this idea the government will gain its trust to bitcoin. Thre is nothing wrong in giving your identity if you are doing the right thing, therefore it is okay for the government to regulates this scenario. With this many illegal attacks will be avoided.
I think there is a KYC in the local market, I strongly agree, if it can avoid crime and more transparent.
As we all know that one thing that might hinder the acceptance of the bitcoin system for the government is the hidden identity of the members. Local exchange should do intensified KYC so as to avoid the system of cryptocurrency being abused by other members as well like money laundering, funding of terrorist groups and others as well. Some of the country had done this things already and the question is would favor to do KYC on your local exchange?
I think this is legal. Because KYC is a necessity for local exchanges. There are so many hackers and they can steal lots of tokens in the local exchange at any time. So KYC is way helps stop it
As we all know that one thing that might hinder the acceptance of the bitcoin system for the government is the hidden identity of the members. Local exchange should do intensified KYC so as to avoid the system of cryptocurrency being abused by other members as well like money laundering, funding of terrorist groups and others as well. Some of the country had done this things already and the question is would favor to do KYC on your local exchange?
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