this post was submitted on 11 Jul 2025
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It's not about KYC. Monero would have KYC like any other cryptocurrency. Its that the transactions are encrypted.
Its my understanding that KYC is not inherent to crypto but only to exchanges such as kraken or coinbase. Tax regulations necessitate KYC, not the technical requirements of the underlying asset.
Essentially what the other person said, but KYC depends on the marketplace. See getmonero.com. XMR allows for merchants to skip KYC, which other cryptos don't do