HomeBITCOIN(BTC)How KYC Can Ruin Your Life (Bitcoin)

How KYC Can Ruin Your Life (Bitcoin)



How to buy Bitcoin anonymously:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Get access to all of my trading courses:
https://www.trader.university/join
Be sure to use the secret discount code YT99

In this video, I discuss the risks created by the world’s move to a KYC (“Know Your Customer”) standard for banks, brokerages, and money processors.

KYC not only increases global surveillance, but also makes ordinary people more vulnerable to attacks.

KYC is the requirement for banks and brokerages to collect your personal information, including name, home address, date of birth, photo, driver’s license or passport, Social Security number, etc.

KYC was intended to help to stop money laundering and the financing of global terrorism. It has had the unintended side effect of allowing criminal access on the dark web to millions of people’s personal information.

Centralized databases of KYC data are a hacker’s dream. KYC does not stop criminals, but actually makes their job easier.

At the end of the video, I discuss the pros and cons of buying KYC Bitcoin vs. non-KYC Bitcoin.

Not investment advice! Consult a financial advisor.
Not legal advice!
Not tax advice!

September 11 attacks:
https://en.wikipedia.org/wiki/September_11_attacks

Patriot Act:
https://en.wikipedia.org/wiki/Patriot_Act

KYC (Know Your Customer):
https://en.wikipedia.org/wiki/Know_your_customer

Target data hack:
https://www.cnet.com/tech/services-and-software/target-data-stolen-in-hack-showing-up-on-black-market/

BlockFi data hack:
https://www.coindesk.com/markets/2020/05/19/blockfi-says-hacker-sim-swapped-employees-phone-no-funds-were-lost/

Robinhood data on dark web:
https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html

Crypto exchange data for sale on dark web:
https://www.ccn.com/hacked-customer-data-from-world-leading-cryptocurrency-exchanges-for-sale-on-the-dark-web/

The ultimate guide to borrowing against your Bitcoin:
https://www.youtube.com/watch?v=Uvgg3j_uiVw&ab_channel=TraderUniversity

Check out my Amazon best-seller, “A Beginner’s Guide to the Stock Market”:
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#KYC
#Privacy
#Bitcoin

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.

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