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Author Topic: Centralized Exchanges already violate customers privacy right by asking for KYC  (Read 241 times)
Wiwo (OP)
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June 21, 2024, 09:45:11 AM
 #21

Thy one no be better one because definitely I see no reason why centralized exchanges wey no Dey registered for the country go Dey demand for KYC intentionally from their customers and that’s totally wrong but on the long wrong, I think say, maybe those exchanges don already the sense wetin go happen for future na e make them Dey collect those KYC but all those ones definitely no be any better excuse to Dey collect people details when them no Dey licensed for the country.

I no blame the exchange but rather we citizens because we no Dey ever take anything serious and this news na another wake up call for us to take our privacy very serious
I don't believe entirely so most especially in you last paragraph because we can't shift the blame to the citizens because we are limited in a number of things and because of that there is the need to focus on a number of things that can help us maintain more privacy..

Centralized Exchanges serves as a vital organ of cryptocurrency adoption in Nigeria and at that the need to comply with the terms and conditions is not second to none,  what we look out for most of the time is the reputation of the exchange and how well the act in accordance with international financial law and privacy of they client's.

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