Where is that famous anonymity and privacy everybody was talking about all the time? I thought this was one of the main ideas for a long time. Privacy is dead now 
Topic: KYC for ICO, is it good or bad idea? - page 11. (Read 2017 times)
KYC and crypto. That's simply hilarious Where is that famous anonymity and privacy everybody was talking about all the time? I thought this was one of the main ideas for a long time. Privacy is dead now
Where is that famous anonymity and privacy everybody was talking about all the time? I thought this was one of the main ideas for a long time. Privacy is dead now 
I think this is a good idea, but only for investors, and if the amount is too large. I understand that this is a way to prevent money laundering. But I am absolutely against this procedure for the participants of the bounty companies, in it I do not see any sense at all
I am completely against this procedure in cryptocurrency, especially for bounty hunters . I don't want anyone to know who to disclose their data, it scares me . After all, I can not know in what hands they fall.
Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP, use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.
Do you think this is a good or bad idea? Express your opinion.
I think this is a good idea, because we don't know about the ICO developer. But the moderator of the BTT forum knows almost all ICO developers, because moderators are available for all countries. Each country has a local moderator, this can help prevent scams from occurring in each ICO.
Releasing someone personal detail is dangerous is very bad when icos said we should do kyc they should have the alternative ways to verify the participant
I believe that KYC makes sense for investors, but it is not necessary for participants of generosity companies, we don’t invest our funds here, but try to earn them, now the sale of documents for KYC is gaining momentum.
Each country has its own laws on this subject. This means that KYC is not a prerequisite for all projects. Each project should take the conditions of the legislation in the countries of its investors and in accordance with this should build its own policy regarding the KYC.
I would not want my personal data to be off someone from outsiders. Have you seen at least one project developer who has published his personal data?
Of course it's a good idea. Because KYC verification is a number to prevent fake IDs and multiple accounts. In this way, people can not benefit from unjustified earnings resources are opened.
Now the KYC procedure gives projects a chance to avoid responsibility to the citizens of those countries where it is prohibited to conduct ICO, but before all other ICO participants this procedure is practically useless, because no one guarantees us the safety of our personal data. And we have the right to demand guarantees of security of our data from the founders of the projects.
I agree that the lack of proper regulation exposes investors ' money to high risks. The introduction of KYC is a huge step that will increase confidence in new projects and give an additional guarantee for investors who doubted to invest their funds.
I think this is more towards a bad idea, because this can be potentially lead to an identity theft. and again those who do the procedure, can get tokens that are not valuable on the market if they follow the wrong project.
That is a very brilliant idea in my opinion. KYC is very important for investors or sales and purchases so that security is maintained. I think this must be done by all projects.
KYC for ICO is necessary to stop participaiting residents from some countries how USA
Many ICO dont acept funds from us citizens because if they accept funds from him, they need to registrate their company in SEC
Many ICO dont acept funds from us citizens because if they accept funds from him, they need to registrate their company in SEC
Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP, use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.
I think that KYC is not an idea to protect investors from fraud, KYC is introduced for something completely different, but for what, we do not know. I think that we will understand this only in many years, and maybe decades. In fact, KYC doesn't protect us. Do you think this is a good or bad idea? Express your opinion.
I don't support KYC in the current market situation. Because there are unfortunately too many frauds in the market. And in a situation where there are so many frauds, I don't think it is right to share my credentials. That's why I'm fillng a KYC form for only projects which have a good team members.
Each country has its own laws on this subject. This means that KYC is not a prerequisite for all projects. Each project should take the conditions of the legislation in the countries of its investors and in accordance with this should build its own policy regarding the KYC.
Although there could be some good reasons for the developers for the need of KYC in their ICOs, still I think this will scare a lot of investors knowing their personal information will be surrendered, and most participants in crypto prefer to be anonymous.
what are the good reasons? especially this will scare a lot of investores when they see that id need to be uploaded to google form. I have seen on many ico's. This is very frustrating. 
Let us say it is your ticket to avoid scams.
If they want KYC's then they must have been listed by their government to do so. That is if they want to continue their project.
Just be sure though that they are doing it for that purpose and not just to get your information.
You are safer that way. At the end, it could also be another way to take whatever ICO price per token they have told from the start.
If they want KYC's then they must have been listed by their government to do so. That is if they want to continue their project.
Just be sure though that they are doing it for that purpose and not just to get your information.
You are safer that way. At the end, it could also be another way to take whatever ICO price per token they have told from the start.
On my opinion KYC on ico is not a bad idea. I couldn't see any bad side for this. And ico's nowadays need to conduct kyc for investors to prevent malicious or fraudulent activities of thier investors.
I think KYC is good and can be bad too. KYC is really mandatory when you are joining an ICO it because of the law and to prevent manipulation. It can be no good if the ICO team exposed or use our info in their own interest. For me KYC is good and shall be implemented but choose wisely. Hopefully those companies that asking for kyc should be responsible enough.
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