Quote:
Originally Posted by afc wimbledon
I dont think you get any of this, the Government can outlaw any crypto exchanges, they dont need a name, all of it gets closed, no ATM's, no shady corner stores offering crypto along with a selection of bongs and king sized rolling papers, all of it gets closed, the weak point is not the owner of the crypto its the owner of the fiat exchanging the crypto, and no one is going to willing help with anything once its illegal unless you are happy to pay them 50% on the dollar, at that point exchanging crypto is no different than laundering drug money, you can do it but it costs a fortune
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Cryptocurrencies are borderless though. Some exchanges are attempting to work within the regulations of all countries they offer their services to. I think that is a good thing. Other exchanges simply work within the regulations of the country they are based out of. This does not make them shady.
Kucoin is one of the largest exchanges in the world and I believe, is considered quite reputable. It is based out of Singapore and it's business model does not require kyc. It could care less if Canada enacts the Emergency Measures Act nor would it know if crypto's were coming from there.