TheBotmaster on Nostr: The point of #kyc is not to make sense. (The fact that they are asking for ...
The point of #kyc is not to make sense. (The fact that they are asking for “electricity bill” clearly shows this). The point of kyc is to increase the burden of using #crypto and to keep away small investors who would benefit most.
This come to the benefit of large player for whom the additional cost induced by kyc is comparatively negligible
Published at
2023-07-07 16:54:13Event JSON
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"content": "The point of #kyc is not to make sense. (The fact that they are asking for “electricity bill” clearly shows this). The point of kyc is to increase the burden of using #crypto and to keep away small investors who would benefit most.\nThis come to the benefit of large player for whom the additional cost induced by kyc is comparatively negligible",
"sig": "d00d46824ab1d4f8c874c909f142bb59a79162a4ba79d47a6ba72b92afb00d44666c38418e4e329bc37dabb93f8269b814d235a8a1c781837285d84dfe81919d"
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