Is it possible to reveal our identity in the local exchange?

[Tapyaks72]

Their reasoning behind that way of thinking is that they aren't wealthy enough to become a victim of theft and whatnot. They don't realize how stupid they make themselves look by talking this level of nonsense.

I kind of understand the general apathy towards their own data. They simply don't know any better regarding the potential risks, and it's hard to blame them considering how new all of this internet boom is -- it hasn't even lasted one generation. The concept of protecting your online privacy hasn't even reached the mainstream until a few years ago. Things are starting to change, with websites being open about their privacy policies, etc. so people are bound to wise up as we go along. But yeah, the "nothing to hide nothing to fear" mentality is just stupid.

That being said, I guess it just boils down to trust for those who are informed. I have nothing against sharing your data for as long as you know the potential risks. I just find it funny that people seem to feel like they don't have a choice with KYC, like exchanges are absolutely necessary.

Yeah absolutely there  is a risk if you divulge your personal information, your  personal identity, but  for  the trading site  who will ask your KYC will be held responsible of all the information given by their patrons, in the world of cryptocurrency trust  is the essential things.

[Flor1982]

This is one of the purpose of having KYC so that our identities will be reveal and to be identified in case if there is anomaly during our transactions. We just hope that the local exchanges will always abide the law of private data policy so that our identities will not be steal or else the government regulation will become useless.

[Fran4esco4]

A vote against the legislative Assembly. Personally, I do not consider it a violation of my rights. On the contrary, I will feel calmer if I know other market participants and I will be sure that these are not bots.

[sheenshane]

This is one of the purpose of having KYC so that our identities will be reveal and to be identified in case if there is anomaly during our transactions. We just hope that the local exchanges will always abide the law of private data policy so that our identities will not be steal or else the government regulation will become useless.

Once you passed the KYC you already revealing your personal data to the exchange, revealing identity is just a kind of losing a term of being anonymous. This policy, I try to avoid but there is sometimes you need to reveal first your identity before you have earned in crypto.
I afraid the possible happen in the future of this implementing KYC, nowadays whether we it or not crypto and banking system is being regulated.

[aryatrals]

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 is very possible that we reveal our identity as long as we do not break the law, because it is impossible for us to do business without knowing who we are partnering with

I think by being open to things we do not want can be prevented, such as terrorist financing or laundering money, because the authorities will always oversee the movement of money that is not fair, and very good in the future because the purchase and sale of crypto currencies is safer, and the bitcoin currency can be more trusted.

[KorakPawon]

I think it also makes sense to be a reason why there are some countries that reject bitcoin, the hidden identity is only a pseudonym used and is very difficult to track,