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KYC has done nothing except create a thriving market for identity theft.
KYC is still considered a hurdle for cryptocurrency exchanges and crypto enthusiasts. A 2019 report from regtech Coinfirm states that 69% of crypto businesses do not have “completely transparent” KYC procedures.
KYC has done nothing except create a thriving market for identity theft.
KYC is still considered a hurdle for cryptocurrency exchanges and crypto enthusiasts. A 2019 report from regtech Coinfirm states that 69% of crypto businesses do not have “completely transparent” KYC procedures.