People changing cryptocurrency?

[Jaguar]

I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.
Do you think cryptocurrency changing us or we are changing cryptocurrency?

[bigcash2011]

That has nothing to do with someone's desire, it is being added due to requirement by regulators and governments worldwide. So to survive in the market cryptos had to follow the instructions from governments and regulators otherwise they can take action against these coins or ban them.

[hair]

If look at the basis of crypto is decentralization, there is no need for KYC, so I say crypto has developed from time to time so people also understand to avoid money laundering and government regulations. who need to do KYC when crypto to fiat withdrawals.

[LogiC]

I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.
Do you think cryptocurrency changing us or we are changing cryptocurrency?

Quite confuse with your statement. KYC is personal decision, if you dont want your details to give then dont. There are plenty of ways on how you can hide yourself from this. Some projects and exchange using KYC for protection purposes but that isnt mean they are gonna screw up your files. I know its bit sensitive but it will always depend on you.

[Senin]

According to the FATF decision, which came into force in June this year and is mandatory for more than 200 states, KYC is carried out only for the purpose of preventing money laundering and combating the financing of terrorism. Transactions over one thousand euros become monitored by states. Therefore, all transactions less than one thousand euros cannot be subject to KYC verification.

[azmirihaque]

I think both are correct. We are changing crypto-currency policy and crypto-currency is also changing ourselves. First people don't know about crypto and there by they were reluctant to accept it. Now crypto-currency has occupied a larger part of the world and this area is expanding day by day. It has changed our mind, our thinking, our works and also our transaction in different ways. Besides, to accept it, different countries are changing different crypto policies where we are changing crypto.       

[Nboramir]

Cryptocurrency is a human-created asset. But because it was created by people with great vision, it positively changes all of humanity. This change and development process has to go on for both sides.

[Andruha1993]

I think we change the cryptocurrency and it changes us. Because thanks to blockchain and cryptocurrency, we are improving and inventing something new.

[trauchot]

Where you need to go through KYC, you can bypass such places, and in general, of course, people constantly come up with something new and change the various possibilities of cryptocurrencies.

[Altcoin1998$]

I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.
Do you think cryptocurrency changing us or we are changing cryptocurrency?

Some projects really well but why they arrange kyc procedure. Some times illegal companies steal the personal information via kyc documents. I hate kyc documents due to threaten my personal privacy.

[gourav787]

This is true that Crypto market changes day by day.  Personally I never particate in KYC because this is risky to provide our personal documents to unknown perosn or team .
I just approved KYC on blockchain as well as on binance exchages .

[Paglamon]

Yes, people are changing cryptocurrencies. Again cryptocurrency is changing people. Because of crypto currency many people are living a simple and beautiful life. Cryptocurrency has a role to play in living a simple and beautiful life. Many people have improved. Their standard of living has improved a lot. From their point of view, cryptocurrencies have improved a lot, meaning they are benefiting from each other. So I think it is needed. Cryptocurrency kyc is much better.

[Fenix]

Everything is in constant motion and development. Of course, people come up with new uses for cryptocurrency and it is changing. At the same time, we are gaining relevant experience and practice, so we are changing too. The main thing is that we do not even know where the development of cryptocurrency can lead and how much it can change in the future.

[Seerge]

I think that both influence each other and determine the development of this Cryptocurrency, without someone Cryptocurrency will not run, but because Cryptocurrency is also a lot of people get success. But in essence, this cryptocurrency was created as an anonymous digital currency. I don't know that in the future, all of them will require Identity for ownership of Cryptocurrency coins.

[Alcor]

The decentralized cryptocurrency has an open source code, so everyone can create their own cryptocurrency and change it, add new useful features. Therefore, of course, the cryptocurrency is changing and undergoing changes very quickly. Moreover, according to the laws of the market, only a cryptocurrency with useful changes that will interest investors can remain in this market.