08-04-2021, 10:08 AM
What are your plans with Binance regulating KYC?
<!-- SC_OFF --><div class="md"><p>I'm actually holding a lot of money on Binance, money that I can't afford to lose (I trust Binance's security, and I'm using extremely low risk products). With KYC being enforced I’m losing one of the main reasons as to why I like crypto, which is anonymity. I’m thinking of ways to transfer my funds from Binance to other platforms such as DEX and more. However I stumbled upon this article in Tech Times <strong>“</strong><a href="https://www.techtimes.com/articles/263651/20210802/why-kyc-aml-requirements-are-important-for-the-future-of-the-crypto-industry.htm">Why KYC/AML Requirements Are Important For the Future of the Crypto Industry</a>” any thoughts? I’m still on the fence on what my next move should be.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/patrialsollery2"> /u/patrialsollery2 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ox25f4/what_are_your_plans_with_binance_regulating_kyc/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ox25f4/what_are_your_plans_with_binance_regulating_kyc/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I'm actually holding a lot of money on Binance, money that I can't afford to lose (I trust Binance's security, and I'm using extremely low risk products). With KYC being enforced I’m losing one of the main reasons as to why I like crypto, which is anonymity. I’m thinking of ways to transfer my funds from Binance to other platforms such as DEX and more. However I stumbled upon this article in Tech Times <strong>“</strong><a href="https://www.techtimes.com/articles/263651/20210802/why-kyc-aml-requirements-are-important-for-the-future-of-the-crypto-industry.htm">Why KYC/AML Requirements Are Important For the Future of the Crypto Industry</a>” any thoughts? I’m still on the fence on what my next move should be.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/patrialsollery2"> /u/patrialsollery2 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ox25f4/what_are_your_plans_with_binance_regulating_kyc/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ox25f4/what_are_your_plans_with_binance_regulating_kyc/">[comments]</a></span>Kind Regards R