"Know your customer"
There's legislation that mandate many businesses require their users to hand over personal info, date of birth, SSN numbers, living addresses, essentially forcing the customer to dox themselves, so the business can operate legally in certain jurisdictions.
Or something like that. I'm sure there is a more eloquent version.
Hmmm so it’s like buying bitcoin legally compared to not buying legally ? Idk sorry to ask
Well... it's more that a lot of the on ramps and exchanges are required to follow those laws depending where they are available.
There's nothing illegal about peer to peer non kyc... it's just that many, due to ease of use, do the kyc option and give companies their personal info. And honestly we've been conditioned to accept this as a normalcy.
