Indian here. You still have to provide identity to activate your wallet address that withdraws (or deposit) to INR , so the government basically knows which wallet address belongs to whom
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Indian here. You still have to provide identity to activate your wallet address that withdraws (or deposit) to INR , so the government basically knows which wallet address belongs to whom
This is part of the KYC policies, which are the same everywhere. All debit cards that can be used with crypto have that. Being legit is one thing, privacy is another one.
I mean, privacy is one of the core tenets of crypto, right?
Lots of people attracted to crypto because of privacy of transactions
Not necessarily, otherwise we wouldn't have seen coins like Monero or ZCash, which are making privacy one of their core features. It's more likely the fact that, as a store of value, it's decentralized and safer than a bank. At least that's what it is for me.