Imagine a world where money is digital and lives online. That's cryptocurrency! But to keep things safe and legal, some websites ask for your ID. This is called KYC (Know Your Customer).
This article talks about KYC in the world of crypto. It explains why it exists, and whether it helps or hurts.
Some people think KYC is good because it helps stop bad guys. Others think it's too invasive and takes away people's privacy.
- KYC means showing your ID to use some crypto websites.
- It's used to stop bad things like money laundering.
- Some people think KYC is good because it helps make crypto safer.
- Others feel it's bad for privacy.
| Pros | Cons |
|---|---|
| Helps stop crime | Takes away privacy |
| Makes crypto more trustworthy | Can be inconvenient |
