Topic: KYC in crypto, does it really require? - page 26. (Read 5461 times)
It isn't for the greater part of the ICOs that require KYC. There is a great deal of ICOs out there that you can get tied up with without utilizing KYC. That being said you should need to avoid ICOs that require KYC for you to put resources into their ventures
i could only tell the story for austrian icos ,
they have to get the information for the tax.
we also got an bill for the paid tokens..
i think this isnt as bad as it listen because there are less fake icos if they have to make their tax part.
they have to get the information for the tax.
we also got an bill for the paid tokens..
i think this isnt as bad as it listen because there are less fake icos if they have to make their tax part.
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 .
I strongly recommend to avoid projects where you need to go through the KYC procedure. Transferring personal information to other hands is very risky. There is no guarantee that your documents will not be sold or stolen and then used against you.
I actually have nothing against kyc, but your contribution really makes me think. Maybe i should read more about kyc and form an opinion. Unfortunately, no one can guarantee you for what purpose the collected data will be used. And this is a big problem with KYC. Many ICOs, in particular airdrops, often collect data and disappear. Therefore, it is better to think seriously before participating in ICO with KYC procedure.
I think kyc is really essential in cryptos because there are some countries that do not allow their citizens to participate in ICOs and kyc is a way to verify and make sure that they comply with rules.
It is also important in bounties and airdrop to avoid multiple entries and cheats
https://destream.io/?referralId=adf52557d7994818a3bf8131262f2179#action=bountyreg
It is also important in bounties and airdrop to avoid multiple entries and cheats
https://destream.io/?referralId=adf52557d7994818a3bf8131262f2179#action=bountyreg
I strongly recommend to avoid projects where you need to go through the KYC procedure. Transferring personal information to other hands is very risky. There is no guarantee that your documents will not be sold or stolen and then used against you.
I actually have nothing against kyc, but your contribution really makes me think. Maybe i should read more about kyc and form an opinion. 
Now often fraud is to get information about the participants. You need to be more attentive. And carefully check where you provide information about yourself.
I totally agree. It's does defeat the idea of crypto which is sometimes anonymity. Submitting my details to a project in the name of ico, bounty or airdrop is really saddening. Exchanges do this in the claim of stopping not trading or security , maybe for exchanges it's understandable but others, it's just not.
I strongly recommend to avoid projects where you need to go through the KYC procedure. Transferring personal information to other hands is very risky. There is no guarantee that your documents will not be sold or stolen and then used against you.
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 .
Many projects require us to send personal information for verification and this is unavoidable, I think they are justified because the multi-acc status is quite common, they do so only to prevent it! 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 believe that participation in cryptography should be anonymous, what's the point in KYC, if you can buy fake documents. It's good that KYC is warned at the beginning of the company.
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 .
No I will not submit my personal information in term of KYC or other reason not only for ICOs (Because I don't believe in it anymore) , even for some exchanges required KYC . the main reason for cryptocurrency is to accept our privacy for government and hackers . 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 .
It's true that if you buy some product in the store, you don't have to prove yourself with the ID card, but it depends if it's against the law to hold tokens during the ICO, because where is crypto banned, you can't invest in crypto. So it's all about breaking the law, if it's legal or not, according to this should be KYC everywhere or doesn't have to be.
I fully agree, I think that all cryptocurrency should be decentralized ! this I think will help very many people
I don't know any exact legal requirements for KYC in crypto. Looks like ICOs try to be compliant to undefined requirements. It could be logical to execute KYC procedure for investors, but not for bounty hunters.
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 absolutely agree with your opinion! The main idea of cryptocurrency is anonymity and freedom because of decentralization. Giving your personal information to ICO organizers is completely against those ideas. 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 .
Of course you need it. this procedure protects from the use of multi-accounts. this procedure allows you to find out the customer and protect his account
The policy of some countries is such that this is an obligatory condition and we can't do anything. Another thing is how much it's justified, after talking with other people in chats they say that it's not difficult to buy documents and use it. And of course with such a policy, the issue of anonymity and decentralization loses its essence.
Do we really need kyc in cryptocurrency the answer is yes but sometimes you found out that some project only requires kyc for bounty or for airdrop. All the project's have there owns.
It's better to not have that much money inside of coins with KYC requirements because it will not be worth much since it's complicated.
I think it is not necessary as we all use the crypto to keep our identity safe so KYC just opposite of it so I really do not like it that much but it has a lot of benefits too so it is upto the DEV whatever he wants.
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 .
So, there is no good reason to give our personal data to people who do not guarantee what they will do with them. That's why many people started to get away from those projects that require this type of data (KYC). I personally dont like this practice and no matter what the project is I'm just passing it.
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