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RE: Why don't crypto traders want to do KYC?

in LeoFinance2 years ago

All the company cares about is complying with regulatory rules of the jurisdiction they are in.

My biggest issue is with the regulators making rules that don't actually solve the problems they say they're trying to solve.

In today's globalised, digital world, the reality is that no matter the rules they put in place, the tech has passed them by and they can always be bypassed.

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They do so because they want to operate in that jurisdiction and I think that is kind of expected. If they don't comply, then there is no business but I do agree that they don't really solve anything. It's more about controlling crypto and also figuring out who has crypto so they can tax us later in the future.

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