Topic: AML/KYC Explained - page 6. (Read 497540 times)
KYC, in my opinion, is a necessary thing. In the television series "Billions" traders each other reward in cryptocurrency. This is an obvious way to transfer money for not very good purposes. This is the obvious thing.
Is there a way that KYC/AML can evolve in into a more sophisticated but a security check for monitoring progress and process?
To the extent, I saw they ask for client data and allude to KYC amid registration.I ponder, regardless of whether this makes them consistent Free.
Thanks for sharing sir, i can see alot of websites requesting for AML/KYC . Is it a way to authenticate their site's purpose or a way to protect the interest of their clients?
For cryptocurrency to be widely accepted in the world today, the place of AML/KYC most not be overemphasis. I can still see some ICO not enforcing KYC for the sales of their ICO. They are not doing the Industry well in term of giving the Industry credibility for mass adoption of crypto. KYC must be a must for the sales of an ICO and trading in the exchanges.
Many, many KYC required KYC after Bounty campaign for bounty hunter
Althought Before They said don't need KYC for bounty hunter
It's made some people in Canada or USA can't get their coin for some month workhard
Althought Before They said don't need KYC for bounty hunter
It's made some people in Canada or USA can't get their coin for some month workhard
The term KYC refers to Know Your Customer. This terminology is more prominently used in the finance industry or the finance business. It is an activity to gather information from the clients and to authenticate on various parameters to make sure that the client holds a clean record.
The term AML (Anti-money-laundering refers) to a set of procedures, laws, and regulations designed to stop the practice of generating income through illegal actions.
Most of the cryptocurrency exchanges heavily rely on this two terms and have a strict KYC and AML policy of their own to deal with frauds and protect their funds. Even if you are planning to start your exchange, then you too have to focus on these aspects, but what if you do not have proper knowledge and expertise to tackle such issues. Under such circumstances, you can opt for a white label solution provider like Ibinex who can tackle this problem with ease and will create a full proof crypto exchange for you in a months time.
The term AML (Anti-money-laundering refers) to a set of procedures, laws, and regulations designed to stop the practice of generating income through illegal actions.
Most of the cryptocurrency exchanges heavily rely on this two terms and have a strict KYC and AML policy of their own to deal with frauds and protect their funds. Even if you are planning to start your exchange, then you too have to focus on these aspects, but what if you do not have proper knowledge and expertise to tackle such issues. Under such circumstances, you can opt for a white label solution provider like Ibinex who can tackle this problem with ease and will create a full proof crypto exchange for you in a months time.
I invested in several ICO's this year. With one or two the KYC process was real fast, happened within a few days. With another couple of ICO's it has taken forever. One in particular is now nearly 2 months. How long should it take?
Most ICO's have a third party KYC solutions provider so it's normal for processing times to vary. There are top KYC providers that has AI integrated in their platform so the process is really quick.
I invested in several ICO's this year. With one or two the KYC process was real fast, happened within a few days. With another couple of ICO's it has taken forever. One in particular is now nearly 2 months. How long should it take?
Some KYC very annoying they require and demand passport and utility bill under users name. Well like me Im just live with my parents ,so all bills are listed to their name, In addition some KYC they don't accept Local ID's but insists you to ulpoad passport only.And also KYC is not safe for me.It can be used for some illegal stuff.But in future theres a lot of decentralized exchange,I would prefer ro trade on DEX exchange.
As in this article, it is inevitable that measures to deal with money laundering and KYC will be strengthened as future encryption currencies are developed
Cryptographic currency must be accepted by governments and businesses in each country
https://news.bitcoin.com/bithumb-coinone-fiat-withdrawals-crypto-traders/
I think that the market further develops when proper regulation is made.
Cryptographic currency must be accepted by governments and businesses in each country
https://news.bitcoin.com/bithumb-coinone-fiat-withdrawals-crypto-traders/
I think that the market further develops when proper regulation is made.
I think KYC is not a safe way but other exchangers and for verification need it. They collect the data from others and I think it is not good, especially you passport details
In other words - government collect your investment data
HURRY UP DECENTRALIzED KYC/AML!!! then I will agree with this thread
HURRY UP DECENTRALIzED KYC/AML!!! then I will agree with this thread
I highly advise against sending personal info to shady icos. Even less so your coins... We need some kind of reverse KYC. It is not the customers who should be validating themselves but rather the ico itself. Otherwise who are we protecting?
How should I deal with KYC procedure if it was introduced only at the end of ICO but was not relevant in the beginning? Is it a shady ICO?Yes this is almost scam because not all the rules were disclosed at the beginning. Is like breach of contract.
I think you and anyone else that are not willing to do the kyc should ask and get the full refund
because if you would know that there is a kyc requirement before the ico you probably would not invest any amount in it.
So try to ask for refund if they are not scam they should return the funds.
I highly advise against sending personal info to shady icos. Even less so your coins... We need some kind of reverse KYC. It is not the customers who should be validating themselves but rather the ico itself. Otherwise who are we protecting?
How should I deal with KYC procedure if it was introduced only at the end of ICO but was not relevant in the beginning? Is it a shady ICO?I highly advise against sending personal info to shady icos. Even less so your coins... We need some kind of reverse KYC. It is not the customers who should be validating themselves but rather the ico itself. Otherwise who are we protecting?
How should I deal with KYC procedure if it was introduced only at the end of ICO but was not relevant in the beginning? Is it a shady ICO? 
I highly advise against sending personal info to shady icos. Even less so your coins... We need some kind of reverse KYC. It is not the customers who should be validating themselves but rather the ico itself. Otherwise who are we protecting?
if possible, can you please post sites that help with verification process? Would a website like: http://authenticid.co/pro-valid.html will help?
About the website you stated I wouldn't know but I know there are some that charge $9 or so for kyc verification.please kindly beware some just collect your info and maybe spam with pushing links.
Try and be conscious about where you send your kyc to
Know your customer (KYC) alludes to due persistence exercises that money related establishments and other controlled organizations must perform to find out applicable data from their customers to do business with them. The term is likewise used to allude to the bank control which administers these exercises.
Hello friend ,
I was looking for these topics since 2 weeks and i was unable to get exact definition for them.
But now I had the exact one thanks to you.
Thanks a lot.
Please upload more difficult words like this as soon as possible.
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I was looking for these topics since 2 weeks and i was unable to get exact definition for them.
But now I had the exact one thanks to you.
Thanks a lot.
Please upload more difficult words like this as soon as possible.
Good Luck.
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