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Cryptocurrency Q&A What is the drawback of KYC?

What is the drawback of KYC?

EchoSolitude EchoSolitude Thu Sep 12 2024 | 0 answers 0
I'm curious, what are the potential drawbacks or limitations of implementing Know Your Customer (KYC) procedures in the cryptocurrency and finance industries? How might these procedures hinder user experience, privacy, or even the overall adoption and growth of digital assets? I'm interested in understanding the full picture and the potential trade-offs involved. What is the drawback of KYC?
kyc drawback cryptocurrency

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