KYC and AML Policy Upgrade
Recently I have been getting a lot of emails about Web sites that are changing their Privacy Policy and wants me to visit my Profiles. I didn't pay any heed to them until I got emails from Cryptocurrency Exchanges that are Holding my Funds Mail me.
Of course, I am going to pay heed to them as my Funds would be Freezed if I ignore them. Now the thing I am worried is about my own Privacy. I do have enhanced Verification on Bittrex as that's one of the Main Exchange I use so I am not worried about that. But I do have my Funds scattered around in several Exchanges so that not all my Funds get lost in case of an Attack.
But this Policy of mine seems to come back to Bite me as now I might have to give my Documents to more than one Party which I honestly don't want to.
What do you Guys think of this Development?
Do you Guys think its Fair?
Comment down Below.
This is ridiculous! These KYC norms are nothing but the governments' effort to control and ultimately destroy cryptocurrency business. This will not stop till decentralized cryptocurrency exchanges don't come into existence.
Dex are nice but not as active as commercial exchanges.
I would love to transact through DEX's.
Thanks bro! I'll try DEX.
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