But the reality is that it doesn't actually do this and instead, opens you up to a whole raft of risks in the process.
The reality is that we see these KYC rules and regulations have zero effect on the criminal activity that it was put in place to prevent.
The above two quotes summarized for me the failure of undergoing KYC. I wish a time will come in crypto that the KYC process will be viewed by the majority as something contrary to the very nature of cryptocurrency, decentralization, and the like.
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