@Stella.r43 Thanks for taking that interest in my views. And Could you Please explain me how KYC would prevent me from being scammed?
If I do KYC to a scammer, I would still lose my money after investment and my ID’s as well.
KYC to my believe only serves the purpose of preventing criminal investments to be made by letting the government keep a track of people’s financial dealings for scrutiny anytime.
And yes you might be right about blockchain businesses implementing KYC and AML but I am sure they will do it once some regulatory body enforces it strongly so it actually makes some sense. Otherwise blockchain and Cryptocurrencies would like to serve their idea of anonymity to circumvent this freedom from unnecessary documentation.