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Topic: KYC and AML Compliance can help cryptocurrencies to earn legitimacy - page 2. (Read 310 times)

member
Activity: 308
Merit: 11
Kyc can be a important move towards making bitcoin legal .
Through it bitcoin user will be secure and they didn't not have any fear of any (legal)  government issue.  It can be the legendary step. P
What are you saying. How can KYC legitimate bitcoin? What general attitude does the KYC test have to the validity of bitcoin? Do you even know that KYC should only be conducted with respect to investors in order to avoid the possibility of laundering dirty money, financing terrorism, etc.? Do you think that bounty hunters launder dirty money on this forum, advertising ICO projects? But in fact we do not invest with such advertising of the means.
full member
Activity: 686
Merit: 146
Basically, you are waiting for a bunch of criminals (the governments) to increase Bitcoin's legitimacy? Good luck waiting.

I don't need the word of the government to know if something is useful and stimulating a free economy. If people somehow need the government to spoon-feed them with (flawed) etiquette, they can just as well get lost directly, because they clearly can't think and act on their own. This empty headed chicken mentality is exactly what makes goverments so powerful; they know they can do with people whatever they want, and they will swallow it like a bitch.

Tip; Don't ask/wait for approval or permission (from whatever entity) to use something that doesn't require any approval or permission to be used.
Governments are powerful and they should be, not only for a single reason. My opinion is a bit contradictory. We can't go against the government for all the time in life. Yet we need to encourage them for taking steps towards legitimacy of Bitcoin and other virtual assets.
People who go against the government rules commit crime. Those people will be happy with a blurred impression of BTC who are involved in unethical and truly illegal  activities. But those governments are welcomed who accepts the decentralized model of currency.

But let’s first think. Where does the government get it’s power? Don’t the people give it’s power? Were it not for the people, the gov’t would not have any power and authority because this is given by its people. If the people did not appoint them, then would they have any power? No, of course not. Do not view the gov’t as some ultimately powerful entity. We have our rights and I believe the use of crypto is one of them. The use of crypto is not a crime unless declared so by your gov’t, so you shouldn’t have any fear and you should be free to continue using it.
sr. member
Activity: 588
Merit: 254
Basically, you are waiting for a bunch of criminals (the governments) to increase Bitcoin's legitimacy? Good luck waiting.

I don't need the word of the government to know if something is useful and stimulating a free economy. If people somehow need the government to spoon-feed them with (flawed) etiquette, they can just as well get lost directly, because they clearly can't think and act on their own. This empty headed chicken mentality is exactly what makes goverments so powerful; they know they can do with people whatever they want, and they will swallow it like a bitch.

Tip; Don't ask/wait for approval or permission (from whatever entity) to use something that doesn't require any approval or permission to be used.
Governments are powerful and they should be, not only for a single reason. My opinion is a bit contradictory. We can't go against the government for all the time in life. Yet we need to encourage them for taking steps towards legitimacy of Bitcoin and other virtual assets.
People who go against the government rules commit crime. Those people will be happy with a blurred impression of BTC who are involved in unethical and truly illegal  activities. But those governments are welcomed who accepts the decentralized model of currency.
full member
Activity: 1134
Merit: 167
if indeed KYC and AML can be a solution of legitimacy for bitcoin in every country then I strongly agree with this rule as long as supported by related government for the security of our personal identity in order not to be misused by irresponsible person
newbie
Activity: 154
Merit: 0
The use of crypto is limited to just people who are here to make quick cash. I think KYC and AML compliances by Fincen will give it more legitimacy and general people will move towards it and would use this as a payment method. Read more: https://shuftipro.com/blogs/kyc-aml-compliance-can-help-cryptocurrencies-earn-legitimacy/
What you suggest?
The number one accusation against bitcoin is that it is used by criminals and terrorist. Kyc and Anti-money laundering regulations will certainly clear this negative association. It is will  help make Bitcoin go mainstream
legendary
Activity: 3122
Merit: 1140
The use of crypto is limited to just people who are here to make quick cash. I think KYC and AML compliances by Fincen will give it more legitimacy and general people will move towards it and would use this as a payment method. Read more: https://shuftipro.com/blogs/kyc-aml-compliance-can-help-cryptocurrencies-earn-legitimacy/
What you suggest?
We cant deny the fact that regulation could really make some positive results when we do talk about investment matter but as the guy said above me when government already ties up our necks we do still end up like a dog where government do always have the control on what are the things that we gonna supposed to do. For some sector i consider some adoptation but on general sense it wont really be necessary since we can stand up on our own without the need of governments support or approval of something.
legendary
Activity: 2170
Merit: 1427
Basically, you are waiting for a bunch of criminals (the governments) to increase Bitcoin's legitimacy? Good luck waiting.

I don't need the word of the government to know if something is useful and stimulating a free economy. If people somehow need the government to spoon-feed them with (flawed) etiquette, they can just as well get lost directly, because they clearly can't think and act on their own. This empty headed chicken mentality is exactly what makes goverments so powerful; they know they can do with people whatever they want, and they will swallow it like a bitch.

Tip; Don't ask/wait for approval or permission (from whatever entity) to use something that doesn't require any approval or permission to be used.
legendary
Activity: 2968
Merit: 3684
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I suppose that's the positive aspect, but I find that this is maybe the point of view of the suits and ties. Bitcoin doesn't really (to me) need to earn the legitimisation of the state. It's already recognised by us who use it. Those states and central entities who don't recognise it do so at their own loss. I can see perfect sense and even benefits for regulations... Mt Gox made a lot of people lose money, and Japan thought that was the wake up call for them, and power to them if Bitcoin becomes normalised and is just another currency for them. But if regulations and KYC means that the way we're used to using Bitcoin comes under threat? I don't know how I feel about this.
newbie
Activity: 16
Merit: 0
Kyc can be a important move towards making bitcoin legal .
Through it bitcoin user will be secure and they didn't not have any fear of any (legal)  government issue.  It can be the legendary step. P
jr. member
Activity: 406
Merit: 1
Actually, I'm not a supporter of KYC, but it seems that only this will help to make people's confidence in bitcoin!
newbie
Activity: 29
Merit: 0
The use of crypto is limited to just people who are here to make quick cash. I think KYC and AML compliances by Fincen will give it more legitimacy and general people will move towards it and would use this as a payment method. Read more: https://shuftipro.com/blogs/kyc-aml-compliance-can-help-cryptocurrencies-earn-legitimacy/
What you suggest?
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