Why I don't Support KYC in cryptocurrency as it is

[AMANPURI OFFICIAL INDONESIA]

I really don't like KYC especially to pursue a little money, for hunters, it is better if the KYC process is reviewed for cryptocurrency, for example only for transactions above 10K $ or more

[Absolutep]

Though I have seen many people condemning KYC but you will still find some if them doing it. If only we can unite, i don't see the reason why bounty hunters should be involve in KYC because of a reward that is nothing.

[Rituvohra01]

I don't support KYC. I think as a bounty hunter there is no need of KYC. I think if you are an investor then it is required.

[88percent]

Actually, one of the things that made me object to the KYC system was my trust in the project team, whether they could be trusted to store our data safely at any time. Because this is a personal identity and we give it to someone who doesn't know what it looks like. Although in the name of the system requirements and regulations related to the bank, sometimes this is also hard for me personally. But sometimes we cannot deny that the KYC system also needs to minimize spammers or scammers.

[Xtinah]

True... I don't support KYC in cryptocurrency. These days it's becoming too much, almost all projects demand KYC and it's very risky to release one's personal identity and information to strangers. Identify theft is on the rise now and risking our identity to people we don't know is dangerous. Many of these projects that demand kyc don't even make sense at the end of the day. It's necessary attimes no doubt but Releasing our personal information in the name of kyc does more harm than good.