the KYC comes during off ramps back to the fiat system.
the exchange i use has already KYC'ed me intensively and they know which wallets i use.
the exchange i use has already KYC'ed me intensively and they know which wallets i use.
>the KYC comes during off ramps back to the fiat system
And here we have your answer. It doesn't. In fact using your own logic, I could argue Tornado Cash is KYC'd 'because at offramp' which of course is absurd.
Now that you've made it crystal clear your use case does not include dai implementing KYC, I return to my thesis: DAI is imminently dead by .gov pulling a Tornado Cash on all the underlying centralized collateral locked up in DAI.
i wonder if there is a /remind me in 5 years feature on hackernews