why kycnot.me?
why kycnot.me?
Cryptocurrencies were created to revolutionize the way we pay for goods and services, aiming to eliminate reliance on centralized entities such as banks and governments that control our economy.
Exchanges that enforce KYC (Know Your Customer) operate similarly to traditional banks. Users are required to provide identification, such as a photo of their ID, to use these exchanges. Moreover, most of these exchanges are centralized, meaning that users do not own their keys. In short, this implies that the cryptocurrencies belong to the exchange and not the user. These requirements go against the decentralized and self-sovereign nature of cryptocurrencies.
