Anonymity

[Cryptoshops]

One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.

Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.  

Is this a good thing or not? You thoughts?

It will only get worse in the future  Its a good thing to stop all the people trying to avoid paying taxes when they cash out and its also a good thing to stop people using cryptocurrency for crime

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[earl07]

One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.

Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.  

Is this a good thing or not? You thoughts?

I think this will change bitcoins nature,we all know that one of the reason why many people uses bitcoin is  because of its anonimity,securing its owner from letting other people know the persons identity and to keep the user safe.Kinda sad that as time passes more and more regulations are being put to bitcoin,satoshi nakamotos purpose of creating bitcoin is slowly going to nothing.

[robelneo]

One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.

Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.  

Is this a good thing or not? You thoughts?

I notice that too, that is to increase your withdrawal limit and if you are living in the United States they have that rules, in my opinion, there's advantage and disadvantage to this, it contradicts the cryptocurrency principles but in one hand it protects the site from illegal activity and transactions.

[juiceannabel]

Agree, the bitcoin essential value is Decentralized & Anonymity
If these values got erased, bitcoin is no more bitcoin.

[Dapper]

It's not anonymous on paper, but is still effectively 'plausibly' anonymous when applied.   Yes, exchanges require KYC information nowadays, but who's to say who is cashing in?   It's certainly not the bosses of criminal organizations.   It's going to be pawns and low level disposable people.   So you won't see too much of people getting caught for cashing in millions or tens of millions... they'll be cashing in 100k per person X thousands of people.   Completely uninteresting to the news or law enforcement.

Combined with the fact that these people will be cashing in different countries than those that they operate in means that it is far less of an issue that bitcoin and cashing in bitcoin is not truly anonymous.  

[levvv]

One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.

Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.  

Is this a good thing or not? You thoughts?

Of course this is not a good thing.
we are bitcoin user and holder, is want to remain our identity anonymous.
If our identity is exposed, then it will be no difference from other FIAT.

[adekpulpen]

I think anything related to the internet can be traced, not to mention bitcoin. Because as we know when we register VIP for bitcoin
you must provide complete self data so this may not be called anonymous unless you provide someone else's data for you to use in your VIP account.

[vinc3]

The endpoint of using bitcoin as of this writing will be leaving digital imprints especially when we use exchanges. When we use privacy coins like DeepOnion we are not usually leaving any imprints for it is based on tor protocol that let's  you use different nodes before exiting the line, this way it can't be easily trace back to you. There will be a deeper way to send transactions here, and that is through deepsend it will be release in the future. With these kinds of coins we are getting back the freedom that bitcoin had in the past. And res-assured that the devs and mods are utilizing the current technologies to further improve the anonymity of a coin.

[pooya87]

One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.

first of all bitcoin is not anonymous and it has never been anonymous.
secondly you can always be involved with bitcoin anonymously, better said with a high level of privacy.
and finally when you get fiat involved, your privacy and anonymity goes out the window. but that has nothing to do with bitcoin!

Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too. 

Is this a good thing or not? You thoughts?

good or bad, it has been like this for as long as KYC/AML laws existed which is probably 50 years or more. and these laws are because of fiat as i said above. it has nothing to do with bitcoin.

[CryptoBry]

One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case. Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.  Is this a good thing or not? You thoughts?

This is the power and influence of the governments making its way into the world of cryptocurrency. The only way to stop this incursions is to get rid of the governments we have which is kinda impossible (am not advocating a rebellion here let's make that clear). The point am making is that the governments can be too powerful for these exchanges to resist and legally the advantages is not on us. This is a big reality that cryptocurrency and its many supporter have to deal with. I am predicting that soon almost all governments that allowed cryptocurrency would be requiring KYC requirements. Its either we compromise or we might as well forget cryptocurrency because struggling against the governments can be futile much more that people are not that untied and that we are more concern on our selfish vested interests -- and that is to make as much money as we can from cryptocurrency.

[dothebeats]

Bitcoin transactions, AFAIK, are still (pseudo) anonymous; your identity will only be known once you decided to do things that are tied with fiat e.g. BTC/USD trading. Is that good? In a way, yes. For exchanges to continue to operate and serve its peers who rely on their service, they need to know the names of who they are dealing with, not only because it is a mandate from the government, but also to prevent money laundering that could happen well within their site. On the other hand, the exchanges keep a record of the names of the people who they've done business with, and if a hack occurs (exchanges are hot targets for that), the data might leak and may cause problems to those people whose names are recorded in the database of the exchanges.

If you send/receive btc/crypto exclusively, you don't have to give your identity up, but once you decided to use an exchange, that's the time when you have to comply and have your ID verified.

[nioctiB#1]

One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.

Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.  

Is this a good thing or not? You thoughts?

Good question. Well even exchanges wants to give that anonymity to all traders, they cant do that for us because they dont want to have problems with regulation on countries where they are operating. so they have to know the identities of their customers to avoid money laundering and also to avoid criminals or terrorists to use their platforms.

[antchains]

Bitcoin is generally considered an anonymous payment network. But in fact, Bitcoin is probably the most transparent payment network in the world. At the same time, bitcoin can provide acceptable privacy if used properly. Always remember to develop good habits to protect your privacy is your own responsibility. And the biggest feature of bitcoin is not anonymity but the transfer of equal wealth with the fastest speed of transmission to the elimination of all kinds of ideologies in the world. You can figure out a person's identity by looking at the blockchain

[ChickenDuck]

I think KYC is a good think for crypto world.

One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.

Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.  

Is this a good thing or not? You thoughts?

[De Suga09]

I believe that the requirement of personal information breaks the basic principles of crypto currencies. If this goes on and people around the world do not resist it, then the crypto currency will not differ from the fiat money in any way and will simply be of no interest to anyone.

One of the features of bitcoin is its anonymity. This can be of both a positive and a negative trait of bitcoin. Some loves its anonimity and its speedy transaction while some are skeptic about it because anonimity of bitcoin can be used for illegal transactions.

[Ranly123]

One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.

Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.  

Is this a good thing or not? You thoughts?

Yes bitcoin is anonymous but some ICO prefer to know their customers yo avoid smammers from attacking. As far as security is concerned, kyc is not the most effecient way to avoid scams but atleast they could know who they are transacting to.

[IRISlingk]

This is certainly not a good idea because it shows that bitcoin transactions are traceable and that governments can know who purchased or sold bitcoin or other cryptocurrencies on those platforms. In this case, our privacy has been infringed upon, out of the meaning of bitcoin itself.

[Aderiho Bitjones]

Of course being anonymous on the net would be the best option. But times are changing and exchanges just have to enter it. Because many countries are already against trade. I agree to give my personal data, but this should be properly thought out by the exchanges themselves. For the registration stage, I already knew what data is needed for a successful withdrawal of money

[akkocoin]

One of the "pros" of Bitcoin or crypto-currency in general is you can be involved (trade, buy and such) in it ANONYMOUSLY. But in the past few months, looks like that's not the case.

Some Exchanges are now requires you to fill-up forms about your identity and even requires you to upload photos of your identification. Other ICOs have KYC (know-your-customer) requirements too.  

Is this a good thing or not? You thoughts?

It will only get worse in the future  Its a good thing to stop all the people trying to avoid paying taxes when they cash out and its also a good thing to stop people using cryptocurrency for crime

If you want to prevent lawless elements from using bitcoin to commit crimes, the anonymous nature of bitcoin has to change. Bitcoin now needs to be recognized for its legitimacy. If bitcoin is used for money laundering, crime, etc., Bitcoin will can not be recognized and accepted by more countries.

[Sevarchik]

I dont see nothing bad in giving my personal data, if after this he dont accept on me any restictions for cashot my moneys