Topic: KYC in crypto, does it really require? - page 16. (Read 5463 times)
No need KYC. The KYC needed because of the rule of a country that hold ICO. Actually, in free countries no need KYC. However, I am not sure where country that no need KYC. There are some projects no need KYC too like orbis, and some others. KYC is like banking system I think in the future need blockchain id .. may be more secure.
actually not all of crypto will need KYC. There are a few that I don't think it needs to be. because the purpose of these KYC only as an extra feature in terms of security only. so it will not be so influential.
Kyc is a good requirement for applying in exchange site or m it is also required in some bounty campaigns and airdrops. With this scenario, they can easily track those illegal activities in a bounty or exchange sites.
Imagine going to the office or school without an identification card or traveling abroad without a passport and boarding pass. For cryptocurrency exchanges, that is equivalent to doing business with people they have not personally vetted. Voluntarily complying with KYC regulations provides many advantages to the Offeror and its investors, even if they are not currently explicitly mandated to enact such a process. I think existing cryptocurrencies will remain, and additional regulations will allow for more opportunities to flourish in the blockchain space.
kyc is a rule in the project, then we must obey it. many of the bounty hunters and investors are also concerned about this. many people are afraid if their personal data is used for things that are not true. of course, it will be dangerous. therefore, we must be more careful in choosing a project.
I will agree your information can possibly get into the wrong hands. In my eyes that is a downfall. Overall I think it can really benefit you though!! Lets say someone hacked your exchange account and could not send out (withdraw) due to email verification, pin code etc. They then just changed emails, login information, and screwed you to were you cannot log into your account holding X amount of Bitcoins. Your Identification can from the KYC can then help recover your account and funds!
it is required or not required i dont care so much. ico teams probably request it to save their asses. but i have a trust problem. i dont trust them enough to give them my private information. moreover it is ridiculous to ask kyc for a decentralized project.
Yes, other ICO requires KYC. They just want to know if your country is prohibited to join, to invest into their ICO. It depends on you if you want to do KYC, if is not, it's better to look for another bounties and airdrop that don't require KYC in their ICO.
You contradict yourself. First, indicate that some countries have forbidden their citizens to invest in ICO projects, and then write that if someone does not like KYC, then he can look for another generosity without checking KYC. However, members of the ICO generosity campaign are not investors and therefore they should not come at all to any KYC checks. Such a requirement for participants in the ICO generosity campaigns is illegal, those ICO teams that require us to pass the KYC test are cheating.
So far no one has asked for my personal data. I am calm in this respect and do not resent the populists. Next will be seen. Good morning everyone)
I don't really think it is required, we have been using cryptos just fine with no kyc since before now and there has not been much of a problem with it. Now though it looks like a lot of the project are now requiring kyc and the reason I don't do it is because I don't want my information sold and ending up in the hands of the wrong person
I think KYC is unfair for small investors or for bounty hunters it should be implemented for big investors.
I think it's important to note that for STO's, KYC is mandatory. It is in part of the complex legal and technological processes before issuance and ensures the STO is compliant with securities law. Although KYC for ICO could come with some hesitation, if you're looking into investing into a security token, KYC is something you want to see.
yes, i think it's really needed, because it gives us protection
Actually, not all bounties require KYC but I believe KYC is a very important way of avoiding scams and any other fraudulent activities.
I think no because whatever information you give them you do not know what will give your identity to someone and also it is internet it is hard to trust know due to hackers as well. So i think it doesnt require afterall
i think yes. because lot's people are have a sick mind to think scams all the time. if we give them a oppurtunity sure they use this.
I think kcy is more because of local policy regulation.
However, for bounty participant kcy, it can effectively prevent multiple account participants.
However, for bounty participant kcy, it can effectively prevent multiple account participants.
There is a unique fact, since the KYC was applied instead investors were not interested in investing ICOs using KYC, crypto was freedom so KYC was not needed in crypto, this made investors unwilling to invest in crypto.
I would KYC if I wanted to invest in an ICO, but for the bounty I would never KYC because it was so absurd. The bounty hunters spend a lot of time doing the work and they need to deserve a reward without KYC. If the bounty requires KYC then it looks like they are trying to get those KYCs for sale and they will not lose any money for the bounty.
I hate campaign when they requiring to send a kyc!! Reallly!!? Please respect our privacy, it is not the solution to avoid multiple accounts or what, kyc is not really necessary and not needed, its so useless. We dont need to send any data about us to you..
If you want to use a service that respects your privacy, Godex.io is a nice option for you. The company does not require any data from its users. Guided by the presumption of innocence and the AML policy assistance, we simply return the funds to the sender if these funds looks suspicious to us (other exchangers usually just block user's funds until KYC procedure is passed through)
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