The reason crypto is down

2 points by echan00 7y ago ↗ HN

KYC (know your customer) regulations have made it nearly impossible to buy crypto these days. Buying anything is a conversion problem, and when barriers are too high to convert (like they are today vs. a few years ago), it dampens volume and interest. Simple.

1 comment

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mmel 7y ago ↗

I have completed KYC for numerous exchanges, it is not impossible at all, no more than opening a bank account is impossible. I don't think current market prices have anything at all to do with KYC.