Topic: kyc and icos (Read 569 times)

KYC's is the new regulation from Securities and Exchange (SEC) for newly ICO's running, whenever KYC is needed you need to fill-up with correct details or you will get rejected from their dashboard or if you have issue on the sales you need to verify your identity using the record from their database so I think you don't need to edit your info when providing it to the ICO but make sure that the one you want to invest is legit to avoid identity theft.

when you're like most people, probably do not hear anything about KYC until you've signed up to buy DAT, you need to keep up with and get more informa- tion for your purpose

hello my friend
a lot of bounty and airdrop that requires using KYC, I follow some airdrop but I never continue the airdrop that requires passing KYC procedure, but this is only my choice.

Kyc is actually the investors credential so you cannot hide a necessary requirement, those ico's that are requiring kyc do really have the potential to grow their coins in the market and it only means that they are really serious about their project.

If you are investing on ICO its part of it now doing KYC for legal terms. But for airdrops and bounties I wont give my KYC docs just to have some tokens/coins.

Many such argument about KYC system in ICO, because mostly people knows about crypto business is a decentralized system, that's why people doubt on the KYC system being implemented on cryptocurrency business. But for me, as long as I am earning on crypto, I have no doubt on what ever rules implemented on crypto management.

KYC is so annoying for me. It is also a dangerous thing especially when the project is a scam. The private info you will give might be used for illegal things. I usually do not join ICo with KYC.

That depends on the rule of the KYC. Also, depend on the regulations that every project requires. However, most cases, KYcC need almost all you personal data including your ID numbers and passport. You cannot hide them because they simply needed by the project. Better choose ICO with no KYC.

There is always a risk that your identity will be use for illegal purposes by the time you hand out your Identification Cards to unknown people. But then if they are asking for KYC then it is a hint that they are compliant with the law and that would give them more credibility. I have read some guidelines about the right way of choosing an ICO and one of those is that they ask for verification documents for their protection as well. If the investor trust the team that it will be use for legal purposes then he can hand it out but if he smells something fishy then just move on and don't participate in projects that require KYCs.

You know I have an idea how to solve this... but I need feddback
check out my proof-of-human idea

https://github.com/desLT/dID

For ICO projects, I think it is justified to undergo identity verification, but for airdrop I do not advise, personally, I will not for airdrop, send my personal data.

I like those ICOs who want KYC for everyone of their customers, it shows that they are compliant with the SEC laws, and that is fine for me.

Everytime that you ask for a new credit card, it is always the same procedure, so it is not bad for me.

I too not the supporter of this KYC procedure. Nobody wants to provide the documents to unknown people. They can use then them in the bad purposes. But this information is necessary for some projects for the reports. Therefore it is necessary to choose: to provide the data or not to participate in this project. It is everyone has to solve for himself. Always it is possible to find other project without KYC.

joined a bounty of cash bet  https://ico.cashbet.com/  in the end they asked for kyc  i was asking in main telegram group for  a law note that give them right to collect

our data  and the admins never gave a good answer  only saying trust in us  or then dont send ( lose my bounty )  and  in the end i was banned 

that mean it is illegal to them like you said  and i wonder how can we stop this BS  of kyc for  airdrop and bounty  since most icos are shit  and dont worth to risk your ID

I don't understand why most ICOs started getting invesments with KYC. What exactly makes people giving own photo or something else.

KYC is required by most of new projects. I think it's risky to give you ID and information to random people on the internet and that break the anonymity and security cryptocurrencies are supposed to offer.

only participate good ones, and if you are in china, usa or a couple other countries you can't participate.

You can't have your cake and eat it, it is a huge risk uploading your personal information to the cloud or whatever, but there's no other way I know of, honestly, if you're suspicious about this ICO being a scam, you are better off not uploading anything, trust your gut feeling

Only here is the question: is the signatory campaign participant who does not invest in the ICO project, his client and should he pass a KYC check and provide his personal data with copies of his documents in order to advertise the implementation of this ICO project? After all, the conduct of such a check was conceived in order to avoid the laundering of dirty money. The requirement to provide their personal data with copies of their documents violates the norms that exist in almost every state, the protection of personal data. If someone requires these data from me in violation of my national laws, they should at least indicate a specific legal and regulatory document that obliges them or grants them the right of such a claim. None of the rules for joining the ICO campaign, where there is a mention of the possibility of conducting a KYC check, do not indicate how they are making such a claim. And why then do we have to do this? And maybe they collect our personal data, then sell them? We do not know to whom we are passing these data. Photographs as members of the team can be inserted any and there are already many examples of this. I am categorically against the provision of my identity to someone who does not act as an official person and does not have the appropriate authority.

Like many people on this forum, I also do not recognize the KYC procedure. I do not want to go through it, because I do not want to merge my documents and the network into public access, because it seems to me that the network is not a place for personal information, it seems to me that today there are so many documents from different people on the network.