Topic: Is KYC benefit to crypto people or not - page 4. (Read 6455 times)
The KYC procedure is necessary in order to go through and know who you are for a person. This is primarily safety.
KYC only benefits to 'someone' who want to charge taxes and who want to track every single thing people are doing.
Best thing would be if people create some other decentralized form of verification.
actually, it's all a matter of regulation. some countries require investment companies to know who their investors are. it aims to prevent money laundering. however, some companies take advantage of this for other reasons. however, there are benefits and losses depending on who manages the KYC.Best thing would be if people create some other decentralized form of verification.
Every day there is a transaction happening in the market by these the developers must be handled all the transaction to have a record if there is a history needed to look find, but in cryptocurrency, there is a common problem the kyc, some of the platforms do not need kyc because they are the medium and the important is to they have a user and paying them, but it is more import about the security that every created system or software must have a history recorded and also to identify who and where the transaction from also to find out the people if there is a scam happening.
KYC only benefits to 'someone' who want to charge taxes and who want to track every single thing people are doing.
Best thing would be if people create some other decentralized form of verification.
actually, it's all a matter of regulation. some countries require investment companies to know who their investors are. it aims to prevent money laundering. however, some companies take advantage of this for other reasons. however, there are benefits and losses depending on who manages the KYC.Best thing would be if people create some other decentralized form of verification.
KYC only benefits to 'someone' who want to charge taxes and who want to track every single thing people are doing.
Best thing would be if people create some other decentralized form of verification.
actually, it's all a matter of regulation. some countries require investment companies to know who their investors are. it aims to prevent money laundering. however, some companies take advantage of this for other reasons. however, there are benefits and losses depending on who manages the KYC.Best thing would be if people create some other decentralized form of verification.
KYC only benefits to 'someone' who want to charge taxes and who want to track every single thing people are doing.
Best thing would be if people create some other decentralized form of verification.
actually, it's all a matter of regulation. some countries require investment companies to know who their investors are. it aims to prevent money laundering. however, some companies take advantage of this for other reasons. however, there are benefits and losses depending on who manages the KYC. Best thing would be if people create some other decentralized form of verification.
KYC only benefits to 'someone' who want to charge taxes and who want to track every single thing people are doing.
Best thing would be if people create some other decentralized form of verification.
Best thing would be if people create some other decentralized form of verification.
I am among those who do not agree to apply KYC in the world of cryptocurrency. In my opinion KYC is detrimental to crypto people,
because our personal data can misused. And also contrary to cryptocurrency that is decentralized. So from that I always avoid exchanges
or projects which enforces KYC. There have been many cases of buying and selling personal data in the black market, most of the data
they get from several website that applies KYC. So from that until now I always oppose the KYC procedure because it does not benefit
crypto people.
because our personal data can misused. And also contrary to cryptocurrency that is decentralized. So from that I always avoid exchanges
or projects which enforces KYC. There have been many cases of buying and selling personal data in the black market, most of the data
they get from several website that applies KYC. So from that until now I always oppose the KYC procedure because it does not benefit
crypto people.
Actually I don't like kyc because our data is known by someone and this is really uncomfortable, because there is fear that our data might be misused if that person has an evil plan. But indeed if you want to buy bitcoin, kyc is usually needed in most exchanges.
many people have opinions like you, many are worried about their personal data if used for bad actions. but unfortunately many projects require it, so we have to really analyze projects that guarantee not to abuse our identity, because there is no guarantee for thatsome people believe if their data is not secure and afraid used for other thing, thats why they hate it. for me, it can be good or bad depend on who the party that want to keep our data. kyc is good for money laundry and other crime, they can make action if something gone wrong
I think kyc is only good when it is implemented by crypto exchanges when a user transacts huge volume every day or week or month because of obvious reasons like money laundering and other stuffs. But I think kyc in general is obviously a bad idea when it comes to crypto as the motto of crypto is decentralization.
I also agree with you mate I think in crypto we should not consider KYC important as important some casino has made it. Better give it to the demanded casino if you feel okay with it but some people feel insecure so they avoid talking about the investments or about their personal information’s so they shouldn't be asked by sites and if it’s basic rules we can try some other site. 
I think kyc is only good when it is implemented by crypto exchanges when a user transacts huge volume every day or week or month because of obvious reasons like money laundering and other stuffs. But I think kyc in general is obviously a bad idea when it comes to crypto as the motto of crypto is decentralization.
depending on the use I think, the positive side is that we can track and find out an address, if there is no KYC, of course it is very impossible to do, and one of them is to prevent negative actions 
I think kyc is only good when it is implemented by crypto exchanges when a user transacts huge volume every day or week or month because of obvious reasons like money laundering and other stuffs. But I think kyc in general is obviously a bad idea when it comes to crypto as the motto of crypto is decentralization.
What you say is the truth, that KYC is very improper to use for things that cannot be accounted for. The problem is that the personal data we provide does not guarantee it will not be misused. if for exchanges with large values it could be used because it might be able to ensure that what is done from acts against the law.
I think kyc is only good when it is implemented by crypto exchanges when a user transacts huge volume every day or week or month because of obvious reasons like money laundering and other stuffs. But I think kyc in general is obviously a bad idea when it comes to crypto as the motto of crypto is decentralization.
KYC is really necessary for current exchanges, because the laws are different in each country and they need to know where their customers are from to take appropriate measures. But today KYC has become abused, most bounty and airdrop also require us to KYC. I do not understand what they do this for? Selling personal documents in the black market? or use it for evil purposes ... Be really careful about our documentation
Actually I don't like kyc because our data is known by someone and this is really uncomfortable, because there is fear that our data might be misused if that person has an evil plan. But indeed if you want to buy bitcoin, kyc is usually needed in most exchanges.
many people have opinions like you, many are worried about their personal data if used for bad actions. but unfortunately many projects require it, so we have to really analyze projects that guarantee not to abuse our identity, because there is no guarantee for that
KYC is very important for the crypto community and users, crypto has entered the world of government and companies, this indicates mass adoption, if KYC is not done maybe money laundering will always be done through crypto currencies, and of course the view of crypto currencies will get worse
Are you serious? It seems to me that you do not take into account the fact that documents of real users are sold on the black market at an extremely cheap price.
So, any person laundering money can afford to purchase it and you will never know who is behind this person.
In order to eradicate money laundering, you need to act differently.
Actually I don't like kyc because our data is known by someone and this is really uncomfortable, because there is fear that our data might be misused if that person has an evil plan. But indeed if you want to buy bitcoin, kyc is usually needed in most exchanges.
many people have opinions like you, many are worried about their personal data if used for bad actions. but unfortunately many projects require it, so we have to really analyze projects that guarantee not to abuse our identity, because there is no guarantee for thatyou dont ask your self why kyc is needed on exchanges but you question kyc on other things .
i think both are the same . kyc wont be there if no for a reason . if you are willing to allow kyc when you use exchanges then it should only be easier for you to do kyc too on other stuff's because you know how its done but to some that didt know kyc yet , they will feel uncomfortable at first and doubt if they will do it or not .
KYC is very important for the crypto community and users, crypto has entered the world of government and companies, this indicates mass adoption, if KYC is not done maybe money laundering will always be done through crypto currencies, and of course the view of crypto currencies will get worse
I disagree. Fundamentally, it's not important for crypto. In fact, the spirit behind cryptocurrency is to allow anonymous payment, free from government control, that means KYC is against the crypto main value. But looking at the situation right now, it's the necessary thing for people who want to trade crypto-fiat conveniently.I hope one way this isn't the situation anymore and we can do anything without KYC.
KYC is very important for the crypto community and users, crypto has entered the world of government and companies, this indicates mass adoption, if KYC is not done maybe money laundering will always be done through crypto currencies, and of course the view of crypto currencies will get worse
I disagree. Fundamentally, it's not important for crypto. In fact, the spirit behind cryptocurrency is to allow anonymous payment, free from government control, that means KYC is against the crypto main value. But looking at the situation right now, it's the necessary thing for people who want to trade crypto-fiat conveniently.I hope one way this isn't the situation anymore and we can do anything without KYC.
I do not appreciate projects that require KYC. I do not know what they need it for? I only KYC at exchanges because it's required to trade or withdraw money from exchanges. If any project requires KYC to participate in their project or receive a bounty reward then I will definitely never join.
Actually I don't like kyc because our data is known by someone and this is really uncomfortable, because there is fear that our data might be misused if that person has an evil plan. But indeed if you want to buy bitcoin, kyc is usually needed in most exchanges.
many people have opinions like you, many are worried about their personal data if used for bad actions. but unfortunately many projects require it, so we have to really analyze projects that guarantee not to abuse our identity, because there is no guarantee for thatJump to: