▶️ KYC: Why It’s Important To Understand | EP#457

KYC or know-your-customer is a very important way that centralized crypto exchanges track your information in order to verify you are who you say you are as well as to share that with tax collectors and mitigate your financial privacy. Let’s talk about it.

While I respect that KYC is typically a big part of compliance, I feel that the original ethos of cryptocurrency focusing on decentralization, freedom, and privacy would not appreciate KYC verification in order to trade cryptocurrency and to onboard from fiat to crypto.