I honestly believe Bitcoin price is tanking due to EVERYWHERE demanding ID under KYC stupidity… The simple fix is anybody in the states needs to go and lay a claim with the courts against the exchanges, polo bittrex stamp, and any others who are based in the states. The claim should be "unlawful data collection", or "unnecessary extortion of ID under the excuse of KYC"…
Here is the crux, we are NOT customers of exchange sites, we ARE patrons, we do not purchase anything from the exchanges we purchase from other users, and allow the website to take a fee to cover their running cost. Legally we are not customers, therefore KYC does not apply… Within days of a claim being laid, I almost guarantee that this ID stupidity will be reversed and price will go back up…
As usual feel free to share your opinion, or argue with me. But on this i am 100% bang on the money, what we allow will continue, Please stop allowing the invasion of our privacy. Think supply and demand, why would we want or demand something that costs us our privacy?