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Why is KYC verification required, how does it benefit copyright traders and So how exactly does it differ from anti-dollars laundering restrictions? Does KYC verification defeat the goal of decentralization in public cryptocurrencies? We’ll deal with these thoughts and a lot more in this article.
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While this can be a gain, some users with the copyright Group are divided on irrespective of whether exchanges should make KYC compliance mandatory. The argument is that KYC and AML rules are in opposition to the principle of decentralization.
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