Let's discuss KYC: I believe the current KYC standards put everyone who has submit their identification at significant risk of physical or cyber attacks.

Think about it this way, Exchanges devote most of their security attention to protecting their own coins. All a hacker has to do is get access to an exchanges KYC data and now they have a name, ssn, photo, dob, address, and phone number, and BTC address for every person who has ever withdrawn coins from that exchange. Individuals are much easier to hack or manipulate than companies, especially if you already have all of their personally identifiable information. Call your representatives and explain these risks.

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I believe the risks that this imposes on everyday people far out weighs the damage that can be caused by "terrorist financing", or money laundering.

Submitted July 24, 2019 at 11:46PM by i7Robin https://ift.tt/2ykixyR