Topic: KYC in crypto, does it really require? - page 30. (Read 5434 times)
I think kyc is a good requirement to get information from prospective ICO contributors but I do not really see its importance for either bounty or airdrop participant who might end up getting an insignificant amount of tokens.
For ICO, it is necessary to KYC, because you are in the position of the investor. Conscious decisions and careful calculation
I do not mind it, I think that it is important for many companies to know their client and fight money laundering, but I do not like when scammers do a KYC
Hi there!
In certain countries KYC is definetly required if you want to participate in a certain ICO. However only do this when you are 100% sure this is a legit project! Your KUC details are way to valuable to just give aways to someone. It can do srrieus thing to your privacy etc etc. Never perform KYC for airdrops nor bounties afterwards. These are all scam tactics.
Greetings!
In certain countries KYC is definetly required if you want to participate in a certain ICO. However only do this when you are 100% sure this is a legit project! Your KUC details are way to valuable to just give aways to someone. It can do srrieus thing to your privacy etc etc. Never perform KYC for airdrops nor bounties afterwards. These are all scam tactics.
Greetings!
It is a good sign that an ICO project asks for information about you, after all, they may want to make sure that you are not some scammer, at the same time, it seems kind of dangerous to give your personal information to people you don't even know, I would need to have a lot of confidence in the project to complete KYC.
I remember my first investment in cryptocurrency, I invested in one project and I got a message to complete my kyc before I can get paid. So sad that I failed the kyc because my pictures were not clear and a whole lot. This really scared me of kyc issues. They really help a lot though I didn't benefit.
It KYC is asked through email? I think its quiet risky to fill up that form not unless its from the team of that coin and they are announcing for that. KYC is needed now in some projects, this can be good for some reason but I still don’t want to fill up those KYC form if the project is not good.
I think kyc in crypto it really require. I think it also good for us. But sometimes many kyc are requirements many identification. All identity we can not give. So sometimes we hate many kyc system.
Well, I would not like my documents to be walked somewhere and someone used them, I think in cryptocurrency everyone should be anonymous!
Kyc which means know your customer is adopted by the ICOs in compliance with government regulations in order to avoid litigation but I see no reason why ICOs require Kyc for bounty hunters to get their rewards it's not right and most annoying thing is that they only announce it at the end of the project knowing fully if they announce Kyc from the beginning most bounty hunters will skip their bounty but as it is, be careful what sensitive information you exchange online
In the event that you want to collect the earned tokens, in that case you have to pass, but I do not think that this procedure should be mandatory!
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 .
The most obvious answer to that question would be the thing that require you to do is required to do in order to do what you want to do, lol. Many projects would not give you the tokens without having you proceeding with a 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 .
ICOs need KYC, because they need to compliance obligations, what their country requires, or what their lawyer tell them to do, to keep safe.
On the one hand i can understand the reasons for kyc, on the other hand i also see the negative sides.
The risk that your own data will appear again in the internet is great.
Thats why I do without bounties that need kyc.
The risk that your own data will appear again in the internet is great.
Thats why I do without bounties that need kyc.
in my opinion it is necessary. to make sure things are awkward. and there are also those who disagree for certain reasons.
everyone has their own reasons to support the holding of the KYC system.
everyone has their own reasons to support the holding of the KYC system.
KNOW YOUR CUSTOMER (KYC) Know Your Customer Principles (KYCP) is a principle that is applied by a bank to identify customer identity, monitor customer transaction activities including reporting suspicious transactions and it is the bank's obligation to implement them.
so for the case of agan if you don't have a passport there are still other alternatives to prove your identity / identity, provided that it is valid and applies in the territory of our country. I think that's all, maybe the others can help more.
so for the case of agan if you don't have a passport there are still other alternatives to prove your identity / identity, provided that it is valid and applies in the territory of our country. I think that's all, maybe the others can help more.
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 .
This is one of the reason, why many ICO are failing, many investors and bounty hunters like me do not want to participate in their bounty campaign, there is fear of our credentials being sold in the black market, only newbies in the decentralization will submit their info the risk is just to high to ignore.
I think KYC should be for investors, but now there are a lot of rewards. They require participants to also need KYC. This is unreasonable. Bounty participants rely on their own labor to get tokens. This is not a purchase at all. Why do you want to limit them with KYC?
I do not think that it is necessary to pass KYC, to participate in airdrop or bounty. If you decide to invest in the project, then you will most likely have to go through KYC, as now it is required by most projects.
I think KYC is indeed needed as a condition because it will use large amounts of funds. This is usually initiated by the government to avoid money laundering. I actually really agree with this, in order to avoid or at least reduce the negative words about the world of cryptocurrency.
I do not think that it is necessary to pass KYC, to participate in airdrop or bounty. If you decide to invest in the project, then you will most likely have to go through KYC, as now it is required by most projects.
On the one hand,KYC needs to be in crypto, and on the other hand, it is dangerous to get to scammers who will use personal information.
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