Topic: in the future, token holders need KYC (Read 239 times)
That is never needed, the characteristics of blockchain is transparent with the transaction. But never again the identity of the owner of the transaction, if the owner has a large amount and their identity is revealed, their safety will be dangerous.
KYC for all the token holders? where's the decentralization on that part if most of them are going to apply this. It's possible for all centralized exchanges that they will do KYC and for ICOs as well which do really happen now.
But by just being an holder of a certain token? I can't see the point of KYC there.
But by just being an holder of a certain token? I can't see the point of KYC there.
It is very difficult to accept for this because the KYC is related to the personal data of someone who is dangerous if it is used wrongly.
If the token is expensive and worth the price, it's good, but if the token is cheap and we use KYC, that means it's the same to give your life to a hungry Lion.
If the token is expensive and worth the price, it's good, but if the token is cheap and we use KYC, that means it's the same to give your life to a hungry Lion.
for me KYC depends on the developer and blockchain that is used at that time, there is a blockchain that maintains customer confidentiality like monero where customers do not need to fear their data is misused, on the other hand there is a blockchain that requires KYC to collect customer data and monitor activities on tokens or coins this and we often encounter this time.
maybe in the future all token holders need KYC so that a token cannot be misused for bad or illegal things. Is it possible
I think right now, there is some project that needs token holders to filled KYC and the participants that join in the campaign needs to fill KYC too before they can receive their tokens. maybe it will be good for the participants and the project itself so they can monitor who is the person that still give a back up for the project. but I think there are some people doesn't want to fill KYC as they think that in the cryptocurrency, we have a freedom to hide our personal information from anyone. we are free to choose what we want in the cryptocurrency and we need to know the project before we decide to join and filled the KYC.
maybe in the future all token holders need KYC so that a token cannot be misused for bad or illegal things. Is it possible
actually it's good to know who is the person identity who receives the token to hold. there are now many projects that require KYC to confirm purchases or receipt of tokens. I think it's good and safe for Crypto.
the actual purpose of this KYC only as an additional security feature of the course. because of the nature of the crime system now also more and more modus. then there's this KYC system to cope with these problems.
maybe in the future all token holders need KYC so that a token cannot be misused for bad or illegal things. Is it possible
Having a KYC for all token holders is to make crypto safer, it's a good idea to prevent others from being scams and fake people who hide their identities in false information and to undermine illegal actions in the market. It's very possible to make crypto safer.
Perhaps you are confused between digital identity blockchain and KYC. What you are saying is totally opposite with the development purposes of blockchain technology and cryptocurrency. No one can know how much and what token you have, it's anonymous.
Many projects introduce kyc for participation. And we have no choice, if you want to participate, you need to pass kyc. But what about the main idea of cryptocurrency, anonymity? At the same pace, kyc will be demanded for rebellion.
The KYC is obviously for the regulation and requirement from Authority of different jurisdiction where projected are sited! If you are not comfortable with a project asking for your details and all, don't send your details. There are legit project however that need your details for proper evaluation and record!
That chance of the implementation of KYC on any project is available, as we can see in the recent project, there are many that already asking for KYC.
At the same time the KYC can be useful for some kind of protection to our coins.
At the same time the KYC can be useful for some kind of protection to our coins.
I don't really like the idea of KYC, cause i've got worried if my data happened to be used for bad things, or being sold.
So I'd prefer to choose no KYC should be implemented.
So I'd prefer to choose no KYC should be implemented.
of course it is very likely this will occur. but I myself am not so concerned with KYC system or not. because in fact the purpose this KYC only as a protection system only. or not, it is certainly not a problem, because only the additional features.
maybe in the future all token holders need KYC so that a token cannot be misused for bad or illegal things. Is it possible
What is the concept of decentralization actually? freedom to use money? future technology? If the token is used for daily transactions legally, of course we must conduct an anti-money laundering process. 
maybe in the future all token holders need KYC so that a token cannot be misused for bad or illegal things. Is it possible
I certainly will not happen because this market is only suitable for those who want to be anonymous and there are many ways to keep the Token without KYC. I think only those who invest early in ICO projects need KYC but if you are a free investor then KYC is not required. maybe in the future all token holders need KYC so that a token cannot be misused for bad or illegal things. Is it possible
90% of the population here don't want their KYC thing to be done.And it would be really against the basic idea of anonymity and freedom of transacting if you start asking for KYC.
Also, people still get their KYC done while buying tokens worth more than 1K$ or so , this is just to make sure that the source of funding for buying the tokens is legit enough.
maybe in the future all token holders need KYC so that a token cannot be misused for bad or illegal things. Is it possible
Well, i think its possible to happen. Having a KYC to all token holders is to make crypto safer, its a good idea to prevent others into scam and fake people who hide their identity in fake informations and to irradicate illegal action inside the market.
maybe in the future all token holders need KYC so that a token cannot be misused for bad or illegal things. Is it possible
That would go almost completely against the idea of cryptocurrency and decentralization so I'm going to do something I don't normally do and say categorically that something won't happen. There's no KYC on fiat so why should there be on crypto.
I can't agree with that. KYC is maybe not completely compliant with idea of cryptocurrencies anonimity but it has nothing to do with decentralization and I don't see how KYC would endanger it.
Besides, cryptocurrencies also need to adjust because changes happen all the time. Increased number of scams and misuse require some action and KYC might help in part of it.
Cryptocurrencies can survive and evolve only if will keep ahead with time and requirements.
Sad to see a legendary poster wanting KYC for some security as he does not want to take responsibility and want to let the government take our freedom of privacy to protect him. Pathetic.
maybe in the future all token holders need KYC so that a token cannot be misused for bad or illegal things. Is it possible
If you allow them to do a KYC for all coins the bankers and governments will use crypto as a tax weapon against the entire world population. They want a world currency but need to make sure even the most remote counties pay the taxes. Welcome crypto. The public tax ledge for all to see.
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