When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
As soon the promising decentralized exchange already available, and the atomic swap platform exists. I believe we don't have to rely on the centralized entities, we can truly achieve what is decentralized means. However, I don't think we should be worried about the cryptocurrency scene whicch is contained which KYC. 
Topic: KYCs (Know your Client) is killing crypto - page 5. (Read 664 times)
When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
We should boycott this Ico that implement that KYC thing, I will never invest or participate in this kind of project, cryptocurrency is about decentralization and this KYC thing takes away that if we will not stop it now soon all Ico will implement that but I'm glad only a small portion right now is doing that.
I also think kyc is not very good, and the cryptocurrency should have been encrypted. Rather than divulging customer information, it's really bad,
I guess it is a government requirement to oblige big exchanges to have KYC. I don't think KYC is a bad thing, unless you plan to use your money on evil things. Also, in order to achieve mass adoption, regulation is a must, and KYC is one of the stages to achieve it.
KYC not helping at all, its really discouraging and becoming too worrisome because the information only comes when you are about to receive tokens so in my option I will say that investors should be notified at the starting stage.
When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
good project will get money. you need to to good marketing and have great potencial product.
When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
It is true. BTC is anonymous and for many people it is important. KYC is an extortion of private data that is very valuable than a few dollars for coins as a reward. I know people are starting to enter fake data for fear of personal data ...
I will rather be a subject to KYC than see cryptocurrencies banned or restricted in some other way.
Do you really think that cryptocurrency can remain anonymous and at the same time will attack more people, push adoption further?
This is not gonna happen, either we will embrace some sort of regulations (AML, KYC etc.) or no business will ever accept crypto as a payment method.
Dura lex sed lex.
Do you really think that cryptocurrency can remain anonymous and at the same time will attack more people, push adoption further?
This is not gonna happen, either we will embrace some sort of regulations (AML, KYC etc.) or no business will ever accept crypto as a payment method.
Dura lex sed lex.
When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
ICOs are very wise nowadays. When you are investing in their sales perios, KYc is not require. However, when the time to received the coins for your investment, they are requiring you already to have KYC. In some point, there are also advamtages of KYC like they are making sure that you are actually a true investor. But, this is something worrying because your infos will be vurnerable to hackers and scammers.
When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
Legalizing crypto-currency, the governments of most countries simultaneously impose taxes on profits from operations with crypto-currency. In order to have a base for such taxation, it must demand from exchanges and exchangers located on their territory that they establish the identity of persons making transactions with the crypto currency. This is indeed a big problem for the holders of crypto currency, however. apparently, this can not be avoided anywhere. Will the decentralized exchangers located in other countries save the situation? I do not know. Time will tell. When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
Is KYC really required in all ICOs? I think only few ICOs requires KYC. But if all ICOs adapt this thing, yhen they will really lose good investors. Investors make the project alive and successful. Especially so, KYC is not requored. But if this will happen for all projects, expect that they will have few investors. It is really killing the crypto.
When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
Indeed, you are right. KYC is making the crypto world hesistant. The goal of cryptocurrency is to make you a private individual and investor. The information you put in KyC maybe used in illegal ways. It is really difficult to put your info there because this is a digital world, it may expose your info to bad people.
When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
Is KYC really required in all ICOs? I think only few ICOs requires KYC. But if all ICOs adapt this thing, yhen they will really lose good investors. Investors make the project alive and successful. Especially so, KYC is not requored. But if this will happen for all projects, expect that they will have few investors. It is really killing the crypto.
When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
I was also attracted and encouraged to invest in crypto because I know that I do not need to provide my information as invest. The privacy as investor really mean to me especially it involves in the digital world. When KYC suddenly came into action, I do have hesistations. KYC is destroying the rule of privacy in crypto. This is really making investors less and less.
When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
I believe there will lesser and lesser investors because of KYC. Why, because investors are afraid that their information may be used and broadcast in the internet. A peoject with KYC cannot attract more investors because of this thing. If this continues, crypto will really die.
When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
From the point of view of governments, they can be understood. Taxation is impossible without identification of individuals when performing transactions with the crypto currency. However, this completely contradicts the principle of anonymity when working with crypto currency. For those who want to keep their anonymity out one - decentralized exchangers. I think that in any case they will be able to work by registering in offshore zones.
This must be enforced otherwise people will start investing all their money in bitcoins and government will not get any tax. Another thing to keep in mind is that KYC helps to reduce the chances of criminals using bitcoins.I really do not understand what problem people have is these exchanges are taking your KYC. This is done for a number of reasons. Most important reason is to ensure that the investors are paying taxes on their profits.
The problem is that there soo few outlets to spend bitcoin directly, thus having to convert to fiat money. Now most exchanges are required by law to do the KYC checks, or they'd be out of business, so its not their fault their hands are tied. Until we come up with an innovative system of verification and still keeping anonymity decentralized exchanges are the only options now. One thing which can be considered, I don't know if its feasible to have trusted exchanges at countries where these KYCs rules don't apply and then these exchanges send fiat to the receiver. It doesn't totally cover anonymity, but it does help the situation to an extent.
When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
From the point of view of governments, they can be understood. Taxation is impossible without identification of individuals when performing transactions with the crypto currency. However, this completely contradicts the principle of anonymity when working with crypto currency. For those who want to keep their anonymity out one - decentralized exchangers. I think that in any case they will be able to work by registering in offshore zones. 
When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
with this information you have provided i think decentralized exchanges will soon grow which includes the tokens that are listed there, since ethereum and most erc20 tokens can be made available on a decentralized exchange its best to invest in some of these...and if KYC is what you want to avoid wait for the tokens to hit an exchange and you will get them minus KYC requirements but you will pay more for the coins 
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