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Why is KYC great for a blockchain? Are you a banker?

Binance has KYC and i find it very secure to keep scammers away and to keep trust of people transacting P2P.... I think the importance of KYC is to know if a person is real or fake. ..

Entire concept of KYC runs contrary to what "crypto" in "cryptocurrency" means.

Hmmm not sure if i understand but thanks ☺️☺️