Why ppl wanna avoid KYC?

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For Privacy, anonymous, Government watch out etc.

Who wants to show their tail while he is hiding their head in the bush.
 
Deleted member 1705787 said:
That's correct in many countries goverments even have problems with crypto and all digital things for taxation and all That why mostly thags why people hide their identities from
Exchanges and every place when its comes to KYC
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Yes. Taxation and government are the main issues in most cases. We love to hide our ass, right?
 
1SEOWarrior said:
Yes. Taxation and government are the main issues in most cases. We love to hide our ass, right?
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I mean there are also more few main things than just taxation because of that I personally don't like to submit any KYC to anyone just to have crypto..

Because crypto is itself decentralized and if we want it why would we have to go through with KYC does not make any sense at all
 
INauCkeL said:
Is that due shady practices (running black hat or even illegal methods), privacy, being able to have multiple "unrelated" accounts or what?

Personally, I don't like providing personal documents to companies due privacy. But I'm ignorant about the other use cases.

Please, provide some examples.

TIA
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They are using for blackhat work and thus they are avoiding it.
 
INauCkeL said:
Is that due shady practices (running black hat or even illegal methods), privacy, being able to have multiple "unrelated" accounts or what?

Personally, I don't like providing personal documents to companies due privacy. But I'm ignorant about the other use cases.

Please, provide some examples.

TIA
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Exactly, providing your personal documents to random online trading platforms is a bad idea, these platforms get leaks all the time and then there’s your personal info being sold on the internet.

i prefer non-KYC platforms as well, but theyre harder to come by every day. I do support regulations though.
 
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