I don't think, not should ask for KYC and AML.
Because most of the crypto currency,
No boundaries, no privacy, no delay, no government,
And most of the crypto currency says that if you lose your private key, they are not responsible.
If the currency of your blockchain is stolen, most of them are not responsible.
Since the crypto currency only recognizes the blockchain,
No supervisory unit, no compensation unit, no responsible unit,
But they will KYC and AML,
Yes or Not too arrogant?
It’s like the official can set fire,
but people can't set light.
If one day?
The government of a certain country says that it does not recognize a certain crypto currency.
Request that the crypto currency exchange located in the country be closed,
As a result, it is closed directly,
What to do ?
Many websites,
Suddenly, it is forbidden to log in or prohibit a person from a certain country from logging in.
But before it was not banned,
those people deposit many crypto currency and went in.
But after being banned,
They can't log in,
So those crypto currency = is engulfed.
Thank you for your input @cloudblade. When Bitcoin and the cryptocurrencies first started to appear, I think many would have agreed with you. However, the knowledge in this space has matured and in order to foster adoption by users and acceptance from governments, we may see a significant push toward certain regulations. In particular those that help stop bad actors.
Hope to see you again.
Governments have no right to regulate the thing they hadn't created! Why don't you just go and regulate deer breeding?! Can you regulate that? For sure, if you have a gun. But do you have the right for that? No way!
Dear @coinatory
That's not really the truth and it never worked this way. Gov do not create much but they do regulate them.
Either we like it or not - this always had been this way. It is and it will continue being that way in the future.
Thx for sharing your view.
cheers
Piotr
Dear @cloudblade
I appreciate your comment. Thx for accepting my invitation to this post and sharing your thoughts with us.
Yours,
Piotr