Crypto KYC: Compliance Shield or Surveillance Overreach? Spur Protocol’s Take

Know Your Customer rules divide crypto—privacy maximalists rage while regulators cheer. Spur Protocol’s quiz reveals the trade-offs.

Fraud prevention or friction? KYC slashes anonymous hacks but bogs down onboarding. Exchanges love it; Satoshi might’ve hated it.

Institutional greenlight. Hedge funds won’t touch unverified chains—KYC unlocks ’professional’ crypto plays (and their fat fees).

Global passporting. A single verified identity hops borders faster than a Bitcoin ETF approval—if you trust centralized databases.

Taxman’s ledger. Every KYC’d transaction is a breadcrumb for revenue agents. ’Voluntary compliance’ sounds nicer than audit threats.

Bonus jab: Banks demand your childhood pet’s name for a $50 transfer—but somehow crypto’s the ’risky’ one needing oversight.