RE: BuyUcoin Crypto Exchange Data Breach for 325k Users
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This is a perfect example of KYC is a HUGE security risk. KYC is more troublesome than the problems we are trying to solve.
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yes, it's the risk of KYC, and that's why choosing an exchange that does not ask for KYC is always a good idea. Indian exchanges ask for KYC if one wants to buy crypto using fiat so no option of by-passing the kyc.
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