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Ex-bank CEO gets 24 years after falling for crypto scam, causing bank collapse (arstechnica.com)

submitted 3 months ago by Xatolos@reddthat.com to c/technology@lemmy.world

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[–] EngineerGaming@feddit.nl 0 points 3 months ago (1 children)

Yea, but the bank still has a different usecase, and is treated as untrusted. KYC matters to me because a) one more place can leak my very sensitive documents; b) these exchanges can ban me or deny me entry because of my citizenship; c) crypto here is a gray area and having a legal record of me purchasing it might bite me later, even if it is unlikely.

But true, it can work. Especially for businesses.

[–] sugar_in_your_tea@sh.itjust.works 0 points 3 months ago

Yeah, just be careful. I personally would prefer to buy in-person with cash in that case.