Hello...@crypto.piotr provided me the link to your post.
I think it's an amazing topic and it's full of knowledge. People nowadays are interested in digital currencies but they might not fully know everything about it.
Your post shares general awareness, for a person like me, who knows a little about digital trading and cryptocurrencies.
Due to anonymous trading, people invest and trade without really knowing who the other parties are. So, I think it's important that both parties should provide a valid piece of information about themselves to ensure safe trading.
KYC and AML, as you said can serve a better and safe environment for regulation of cryptocurrencies and furthermore increasing customer flow. Hence, it would increase it's worth three folds by ensuring trust in customers and traders as well.
Thank you for a great piece of information.
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Thank you for your kind words @jeoleena. I agree with you that KYC and AML can serve to make for a better and safer environment.
Also wanted to comment on anonymous trading. It will be very interesting to see if the decentralized trading platforms, usually called Dex's, survive beyond the next few years. Most trading platforms, even those that do not collect identifiable information upfront, may not be anonymous. The reason is that due to the tracking ability on most blockchains, ever time you convert to fiat, you risk having your true identity exposed.
Hope to see you around!
Thanks for dropping by and for sharing your thoughts @jeoleena
ps. big thx for resteeming my latest publication. Appreciate it a lot.
Cheers, Piotr
@crypto.piotr
glad to contribute sir... and thank you for all your kindness..
Your last post was tremendous...an approach to build and grow as a community together defines an amazing perception.
thank you
jeoleena
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Dear @jeoleena
Im sorry for such a late reply. For some readon I've missed your reply and I only had a chance to read it now.
Thx for always being so responsive :)
Cheers
Piotr