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Author Topic: OpenNode requires KYC now!  (Read 462 times)
RealMalatesta
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September 16, 2019, 06:29:05 PM
 #41

Only way to get investor $$ is to be legit and that means KYC.
You are right, but same investors are the ones that are antagonizing KYC because they felt their information is not being protected at that while they are in terrain of a blockchain technology that is meant to operate fully on decentralization, but sometimes, I know we have to be a little bit flexible on some rules when we want things to run smoothly, we cannot have our cake and eat it all.

Evil people are taking advantage of e KYC to perpetrate evil, and the only way that they can be stopped is through KYC, with KYC government would even be able to protect investors and be able to go after scammers, I don’t think this should really stop us from still having some anonymous transaction to a length, just not going to be fully.
serjent05
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September 16, 2019, 09:06:13 PM
 #42


Evil people are taking advantage of e KYC to perpetrate evil, and the only way that they can be stopped is through KYC, with KYC government would even be able to protect investors and be able to go after scammers, I don’t think this should really stop us from still having some anonymous transaction to a length, just not going to be fully.

Well I fully agree with you.  Evil minded people tends to exploit this non-kyc thing of cryptocurrency to scam investors.  We can see that happened on the different altcoin projects where anonymous were once prioritized.  With KYC, especially those who are creating start up project will definitely aware that whenever they scam people they will not go unnoticed because their identity are known.  As for exchanges, government requires them to do them so they have no other choice but to follow it or else they will be shutdown.  I fully understand OpenNode requiring KYC to be able to withdraw a fund, it is the government demand to prevent  money laundering so they have to give in.
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