If you have your cardano in say exodus or safepal or whatever wallet. How can Cardano lock you out of your wallet? They dont have the keys? Or do they?
Cardano is a centralized cryptocurrency and i am surprised that users are not aware about that. Yes they can enforce KYC and if you are not complying with it they can freeze your coins unless you comply with their demands. I know it is a shock for many as i have seen many topics here in the forum praising about the future of cryptocurrency and how Cardano will rule the market
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After this information appears, I will definitely not use Cardano, even if this cryptocurrency continues to grow in value. The situation in the decentralized cryptocurrency market is changing rapidly and, moreover, not for the better. I remember how in 2017 they treated ripple very negatively on this forum due to its centralized nature and there were even calls not to recognize it as a cryptocurrency. However, we never dreamed of the fact that later our wallets could be blocked due to the fact that we did not fulfill the KYC requirements.
Previously, we have always said that our transactions between the government cannot see. It turns out that with this approach, it already becomes a reality. This is an unhealthy trend.