Governments and regulators will not allow people to trade on decentralized exchanges, because they are afraid of losing control over the cash flows of their citizens. SEC has already begun to pursue decentralized exchangers and will continue their activities. I think that the KYC / AML procedure will be implemented on all exchangers. I think that there are several ways out of this situation:
1. Create a decentralized exchange, where the project team will not be known. So that governments and regulators could not hold anyone accountable.
2. P2P)
But my main question is how to sell crypto for fiat currency and carry out withdrawals to my bank card without going through the KYC / AML procedure.
Topic: #proofOfkeys movement would give owners back their Ownership ! (Read 125 times)
I was reading an article and this link is just to get an idea(https://hackernoon.com/top-10-decentralized-crypto-exchanges-for-a-successful-proofofkeys-in-2019-478dc38cff7a). that guy talked about the reality which was going on in this industry. #proofOfkeys movement is started by trace mayer and he did the right thing. its just because he loved digital assets and don't wanna see this to be end or trust-less.
Crypto Exchanges are the important part in cryptocurrency and if we keep projecting centralized exchanges, people will loose their interest & trust one day. Scammers can get into it.
So, what we need now. We need projects which has true decentralized core idea.
Let people feel the ownership !
Crypto Exchanges are the important part in cryptocurrency and if we keep projecting centralized exchanges, people will loose their interest & trust one day. Scammers can get into it.
So, what we need now. We need projects which has true decentralized core idea.
Let people feel the ownership !
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