https://www.theblockbeats.com/en/flash/43369Tax laws require brokers to comply with IRS reporting requirements. Most importantly, they must tell their customers' details.For the encryption industry, this is impossible, and it also means that the government has banned mining in disguise.The government’s purpose is simply to improve tax compliance. But this influence to the currency industry may be devastating。
KYC will not be implement on every cryrptocurrency, that is not the purpose of this market and I know many will disagree on this one and even the government impose this thing, no one will follow because great platform is more powerful than a corrupt government. KYC is a big issue in crypto market, many are imposing this already but still we are lucky to have more projects that didn't ask for any KYC, at least we still have a good option to remain anonymous.