You still need KYC at entry and exit points into the crypto market (e.g. Coinbase), you still need to transfer fiat money onto exchanges via traditional payments infrastructure.
The decentralised, utopian vision only works if the entire game is played there.
Also, a side note, KYC is a good thing for things like AML. The ability to dispute with centralised orgs like banks is a good thing; the major issue with decentralised solutions is that there's no accountability for issues like fraud.
The decentralised, utopian vision only works if the entire game is played there.
Also, a side note, KYC is a good thing for things like AML. The ability to dispute with centralised orgs like banks is a good thing; the major issue with decentralised solutions is that there's no accountability for issues like fraud.