My biggest problem with KYC isn't the privacy, (though it counts too,) it's that some people in the world don't have identities or impossible for them to confirm theirs.
Years I ago wouldn't have been able to KYC even if I wanted to! Legal papers like Passports aren't easy here.
Posted via D.Buzz
That's a great point Ahmad! I didn't even think of that. Here in Mexico for example, only about half of the population can even read, let alone have an email address, etc. They too couldn't KYC even if they wanted to.
Same here. Most of my relatives don't have passports or didn't until recently.
The only reason my family renews our passports all the time is because my mother prefers going to Tunisia for the treatment of some of her medical conditions as medical care is better there.
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