Discover and read the best of Twitter Threads about #Cyphertrace
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1/ I see lots of people panicking with the recent EU vote about noncustodial wallets, aka wallets where you control your private key. Here are my thoughts and how you will be affected from a crypto user's point of view, NOT a CEO:
2/ When I got into crypto in 2014, pretty much no one, except for probably @coinbase and @krakenfx did KYC. NO ONE else did. It was the wild, wild west. Most of you just can't remember that time, but especially with the bull run in 2017, most platforms incorporated KYC.
3/ Most people thought, this would crash the market, and there was the 2018 crash, but not because of the compliance - because of the fomo bubble bursting. And today? Sure, people find KYC annoying, but it doesn't hinder our growth as an ecosystem.
