KuCoin exchange preparing to adopt mandatory Know Your Customer checks, the company’s CEO argued that privacy is not the most important feature of Bitcoin .
While some may believe that overly strict KYC practices are not good for users as they may limit one’s privacy, the KuCoin CEO believes that such policies are more useful than not, as they improve the security of users’ funds. The cryptocurrency industry will be increasingly interacting with the physical world, which is why compliance is necessary, KuCoin CEO went on to say.
While some may believe that overly strict KYC practices are not good for users as they may limit one’s privacy, the KuCoin CEO believes that such policies are more useful than not, as they improve the security of users’ funds.
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