CD43: bitcoin for beginners with @BitcoinQ_A
Citadel Dispatch
The Risks of KYC Regulations on Bitcoin Purchases
This chapter delves into the ease of buying Bitcoin and the implications of Know Your Customer (KYC) regulations. They discuss the potential dangers of providing personal information to exchanges, highlighting the risks of centralized databases being vulnerable to hacks and data breaches. The chapter concludes by mentioning the exploration of Bitcoin privacy and trade-offs in using it privately in later episodes.
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