Kate 281 #1 Posted June 8, 2019 So whales we know them and they mainly affect the price of the coins in the market by selling buying etc. Sometimes these whales makes the price of the coins go up and sometimes they just want to make it drop so this is kind of bad for us if anyone of us have invested in any of the coins in the market. And we need to stop them and since KYC is hated by everyone sooo... So introducing KYC would be a good thing for the exchanges i guess since it would not allow whales to have two accounts and buy and sell and sell and buy again and again and this would also help and stabilize the price of bitcoin for a while. What do you guys think ? Let me know . Share this post Link to post Share on other sites
sheenaz.bay 443 #2 Posted July 1, 2019 yes for me KYC is very important, this is done to comply with regulations regarding the applicable financial transactions, as well as to prevent money laundering cases Share this post Link to post Share on other sites
Magdsolieman 16 #3 Posted April 3, 2020 We need bulls in order for the price of cryptocurrencies to rise. The rate of bulls in the market must be greater than whales. To me, this is effective. As for KYC, it helps a little, but I don’t want it because it requires a lot of personal information. Share this post Link to post Share on other sites
