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Topic: AML/KYC Explained - page 11. (Read 479741 times)

newbie
Activity: 36
Merit: 0
May 20, 2018, 03:36:05 AM
Hi I fm India... I have no passport

I got Aadhar Card

Will aadhar card can be used as KYC for International Exchanges
newbie
Activity: 86
Merit: 0
May 19, 2018, 10:57:08 AM
I think the KYC policy is very important, after that the ICO, Airdrop, Bounty campaign should apply KYC policy to all members.
I've seen many spammers, cheats ... They get tokens in such ways I think it's unfair to others. And it will destroy a nice project
member
Activity: 154
Merit: 10
OPEN GAMING PLATFORM
May 18, 2018, 04:37:29 PM
Thanks, I have really learned a lot of new about KYC!
But I don't love KYC. I very much am afraid for the personal data that they haven't gone to darknet and my person wasn't lit somewhere in Brazil on a poster or somewhere else.
sr. member
Activity: 602
Merit: 252
May 16, 2018, 03:24:07 PM
In general, I'm not against KYC, the most important thing is that the verification is adequate. Because sometimes it suits, it remains to send more of their tests for completeness of the picture.
jr. member
Activity: 92
Merit: 7
May 16, 2018, 04:22:55 AM
That was very useful, a im writting this reply to get more activity Smiley
sr. member
Activity: 1498
Merit: 326
Vave.com - Crypto Casino
May 15, 2018, 06:49:38 PM
Very well indeed. A thorough look of how to be able to know about KYC. It's becoming a headache nowadays for the ICOs. The anonymity is being compromised yet if some needs to filter frauds and scams as well. But the danger really is identity theft. That's really the primary concern when the info is being hacked or leaked. Well we do it in exchanges so just take the risk yourself.
hero member
Activity: 1110
Merit: 534
May 10, 2018, 06:41:03 AM
Yes, KYC information has a disadvantage where our information is spreaded around the internet. But, I think it is a good idea as it generally protects the customer, in a case if someone does a fraud transaction. They can trace it back to the person and save the victims.

And how about the case when your personal info that you willingly gave to a "known" 3rd parties
for accessing ICO or any other service gets used to do the fraud transaction or any other
financial or legal transaction without your knowledge.

Who will be traced at the end?!
Don't tell you never thought of that possibility or never heard of identity theft?!   Huh
member
Activity: 406
Merit: 10
May 09, 2018, 01:19:39 AM
Very well explained about the KYC and AML process. These days, not just the exchanges, before the investments in the whitelist process ICOs are asking for KYC process to make sure that the investor is a genuine investor. After checking the complete information of the person who applied for whitelist will be the eligible person to invest in the tokens. I would like to know, is it safe to process KYC with ICO companies even if we invest less amounts?
full member
Activity: 303
Merit: 100
May 08, 2018, 12:57:04 PM
Truly unfortunate that everybody is going the KYC route, what a plague this has been on the industry and will continue to only hinder people not help them Undecided.
newbie
Activity: 107
Merit: 0
May 08, 2018, 09:03:08 AM
Yes, KYC information has a disadvantage where our information is spreaded around the internet. But, I think it is a good idea as it generally protects the customer, in a case if someone does a fraud transaction. They can trace it back to the person and save the victims.
newbie
Activity: 19
Merit: 0
May 07, 2018, 09:51:18 PM
good luck
full member
Activity: 374
Merit: 100
May 07, 2018, 05:38:44 AM
That kind of information about people might cost much more than even 100$ and if those people do tend to sell out those info, then it would be another source of income for them
full member
Activity: 1274
Merit: 100
May 07, 2018, 02:15:25 AM
In my opinion there should be a set point of withdrawal or deposit and at the point KYC or AML must be implemented small or medium trading like 01 BTC to 10 BTC should be ignored and all ICO s must be followed the KYC and AML rules not for investors,May be i am wrong but this is impacting negatively
hero member
Activity: 756
Merit: 504
May 06, 2018, 06:58:02 AM
I find the shortcoming of AML / KYC is that it takes a lot of time for verification to be completed
Its not take too much time probably they give reply in 72 hours I clear few in just few hours its all depend on company support
newbie
Activity: 158
Merit: 0
May 06, 2018, 06:01:28 AM
I find the shortcoming of AML / KYC is that it takes a lot of time for verification to be completed
jr. member
Activity: 203
Merit: 2
May 06, 2018, 01:46:54 AM
Kyc is required but the company should be support as much as people's want too
full member
Activity: 374
Merit: 100
May 04, 2018, 05:37:00 AM
I'm confident that any of that kyc of aml doesn't help to prevent any money laundering. What if they will use our documents for other purposes, huh?
newbie
Activity: 140
Merit: 0
May 03, 2018, 05:35:38 PM
AML/KYC does NOT protect anyone from being scammed. was the biggest fraud in the history of Bitcoin and it complied with AML/KYC laws.

All AML/KYC does is force small Bitcoin startups out of business because they can't afford to register with FinCEN.  It's just another monopoly trick and it does NOT protect ANYONE from getting ripped off.
newbie
Activity: 183
Merit: 0
May 03, 2018, 11:36:43 AM
I wonder, Will our personal data be used for no good purposes?
full member
Activity: 374
Merit: 100
May 03, 2018, 05:17:10 AM
It's precisely, also even you, me, or anybody can make an ICO and harvest for selling the information that we get by that, that's very bad for usual people
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