KYC is economic illiteracy
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Replies (8)
Luigi knows whatβs up!
Giacomo believes in God. Must be an idiot.
Devil's advocate: yes, money in trade should not and does not require KYC (maybe it does for certain high value purchases)
KYC is mainly enforced on those who handle, manage and secure money on others' behalf. He even said it himself, "otherwise just use credit"... That is what we are talking about. You purchase credit from a bank, and to be able to use it, the bank must know you to honour your requests.
Kill your customer.
It's like late stage cancer.
Great pitch for Monero
Which makes the 99.9% of btc on-ramps that force kyc concerning.
Lol love it

