I reply to all queries on the forums and via email, once per day, Monday to Friday (not weekends).

If you are new here, please see some information on how to ask for support. Thank you!

Reply To: KYC introduction

#6576
alexg
Keymaster

You have a point. Just keep in mind that what is right or makes sense, is not always what is implemented. This is a new technology, and it remains to be seen how things will turn out. I for one, am not able to predict the future. My only point is that a state actor does not need to exert control on cryptocurrencies. They can simply exert control on you as an individual or a business (for example, if you fail to provide KYC verification, this can be illegal under existing law). Nobody exists in a vacuum, we are all entities living in legal jurisdictions, and are subject to regulations, whether a technology that we use is censorship resistant or not. If you are also a business entity engaging in ecommerce, then you are being even more closely scrutinized, so keep this in mind.

with regards