@crypto.piotr While I believe that KYC and AML are important at levels of any significance, the current state of common implementation Exorbitantly intrusive. The amount of personal information and selfies (holding identification documents and "clearly visible" credit cards with fingers only masking certain numbers) required to buy $20 worth of crypto on a credit card or swap small amounts of currencies as required by many services is: #1 ridiculous #2 A deterrent to adoption (of the use of crypto in general). #3 Unnecessary . There should be a dollar amount threshold for these requirements. Using Cash does not require any of this why does crypto require it?
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Dear @minerthreat
Very true. You nailed it buddy.
I just had a chance to read your comment. Thx for sharing your view on that particular topic. Appreciate it.
Indeed. I can only hope that providing all those details wont be necessary for small investors.
Yours
Piotr