Topic: KYC in crypto, does it really require? - page 14. (Read 5461 times)
ICO is going mainstream and many governments around the world are beginning to appreciate the unique approach of ICO funding and how it could benefit the economic segment that is overlooked. Kyc will help with government regulations and prevent scam!
In some cases, yes, KYC is essential in order to avoid malicious acts and spams.
Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
Theres a reason why their is KYC and it is to avoid having multiple account in one campaign. But some are abusing this KYC. They just to get other peoples information. I honestly avoid KYC especially in airdrop. It is not worth it. They will know who I am but I do not know them. They may also use my information im somrthing bad.
If viewed from the point of view of the rules of other countries, such as the United States and China, which banned their citizens from investing in ICO projects because they consider them very risky, and therefore introduced such a ban so that their citizens would not suffer material losses, this the prohibition does not apply to bounty hunters, as they do not invest in these projects. In this regard, the requirement to pass a KYC test against bounty hunters is generally illegal.
Is it necessary for those who are only a bounty hunters? I don't think it is because they are that a biggest investors in the campaign and I think it is good to the person who really has a big amount of money to invest to their currency they like. But still I agree with having a KYC in any campaign for any concerns.
ICO requires KYC so that no cheating will happen. However, some cheating ICO are making use of the KYC system and stealing user identities and using them to excavate their identities. It has recently become a hot topic in the cryptographic community, but because the industry has been built on an unregulated domain, no action has been taken.
I don't like this procedure either. But I do not understand why I need it, because I do not get any advantages from the fact that I provide my personal data. Sometimes it happens that I send all the data about myself but I can not participate in the bounty. I hope that this will cancel.
KYC allows entering the market for large investors who are afraid of losing their investments (do not try to say that you are not afraid, you are not big investors! 
). IMHO, today it is mandatory, the cryptocurrency starts to affect all spheres of life. And, fortunately or unfortunately, identification in this case is mandatory. Again, IMHO.
). IMHO, today it is mandatory, the cryptocurrency starts to affect all spheres of life. And, fortunately or unfortunately, identification in this case is mandatory. Again, IMHO.
I don't think it's necessary, if you need a KYC, it doesn't make any difference from the one that existed before the blockchain era.
For me kyc is not good way to make more investor. Becaise for me kyc make the invesyor limited. I think its not important to know who is the investor the important is that you get the aim of the ico or finish the roadmap
Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
Maybe because they need the information about their investors for legal purpose to running the company.
Some of them not allowed to have investor from America for example, and they need the KYC to verify it.
in some cases, kyc is needed, to avoid theft and scammers. like KYC on an exchanger, if we feel cheated by someone because of a transaction on exchanger, we can track the thief. kyc on a bounty that is very much a scammer.
It is not for all of the ICOs that require KYC. There are a lot of ICOs out there that you can buy into without using KYC. That being said you might want to steer clear of ICOs that require kyc for you to invest in their projects. Reasons being that there are a lot of things that can be done with your sensitive information that you give to these people they can sell it on the dark web and you will have your identity stolen.
You know I never have the thought that what you said could happen to me through that KYC. From now on I should avoid those who asked for KYC and alternatively search for other which does not require such for personal safety.
Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
As far as I know KYC is only required for contribution in token sales.I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
But some ICOs also require it for bounty and airdrop.
I believe and I know that in general KYC is not an exit from the situation in order to justify the withdrawal of a large number of funds that many developers now deduce, why is it needed? It is not necessary that people can not deduce such amounts.
The KYC procedure is more important for bounty campaigns. So you can exclude the participation of multiple accounts and level the chances of participants.
KYC is usually required for investors who will buy tokens from an ICO project, of course this is very important, DEV will need data from their investors with complete and relevant data, therefore KYC is needed. and for bounty hunters it is possible to have multiple accounts, so KYC is also useful to minimize the possibility
I'm sure that KYC in crypto is an absolutely fraudulent activity for capturing personal data of participants and investors. KYC in kripto discourages investors, ICO projects without KYC collect more investment. If all the rules of ICO - KYC are observed, it is not necessary.
I never participate in any bounty campaign or the airdrop require the KYC, if that company is managed by the government, I will trust it and register my personal information, anyway, if you sent your passport to the fake company or the scammer, your personal data maybe sell in the deep web someday. 
I don't see much sense in the KYC. After all, now anyone can buy for a little money copies of passports, driving licenses, etc. Therefore, such rules that the government imposes are useless, unnecessary waste of time.
I think it is good that many exchanges require some sort of KYC before you can vote. It makes the voting system safer and a lot more fair. Now I guess it can be scary to give them your data but it is to avoid scammers and this is the most optimum solution as of the moment.
Jump to: