Topic: KYC in ICO & Trading account (Read 331 times)
Every time and you fill in KYC forms and send you personal details to different ICOs you have a risk that your personal data can be stolen by hackers. There were already several cases when ICO DBs were hacked and all data got into arms of scammers. So I would prefer that all ICOs will use one external KYC resourse like Bitcoin Suisse.
regulation is very necessary for the ICO's but It is not real problem for screamers. because they do not have problem with regulation and limitation of governors, they return the rules. so, we must increase the knowledge of people for investment in ICOs
but nevertheless not all companies require the provision of personal data. In most cases, the forum itself takes the initiative, either by the manager himself, or by the administration. 
regulation is very necessary for the ICO's but It is not real problem for screamers. because they do not have problem with regulation and limitation of governors, they return the rules. so, we must increase the knowledge of people for investment in ICOs
Giving someone their documents is always dangerous. If there was a single database with good security. I submitted my documents to many ICOs. But I'm not sure that my documents did not fall into the hands of scammers after some of the project sites were hacked. This all absolutely contradicts the very idea of anonymity. By giving your personal documents you do not know who is following you.
Everytime I said, people just use binance or kucoin without KYC and still waiting atomic swaps for decentralized exchanges.
South Korea has established regulations that every Crypto trading account should have a complete KYC. In my opinion initial coin offerings should also have KYC for every investor to be regulation compliant. Thus, terror financing will reduce to a great extent through cryptocurrency.
Yes KYC is good to avoid any future cases. But some ICO's are doing this KYC process with third parties and using not so great softwares which is not good.
I think kyc and regulation is a good thing and we have seen that it is being implemented in all sorts of crypto projects, this will really help in legalization and mass adoption of crypto markets.
Although I also think the new ICO KYC information project need, if not that may face various problems such as money laundering, but current KYC information is still not safe, you sent the KYC information to ICO project term, however they may sell your information at any time, because there is no a good regulation.
Kyc is actually ruined the crypto currencies purpose but somehow there are something that can't be avoided, the government keep on forcing the exchanges to implement the regulation, I dont really agree I should give my data to ICO because it can be misused as I dont know the ICO is legit or not
I think KYC in ICO and trading account is good for development of cryptocurrency market, this is to avoid money laundry and other ilegal action. With KYC could be some fraud activity using crypto can minimize and finally crypto will be more popular because regulation complaince.
Well this is all for our own sake cause KYC can protect exchanges from the scammers or what so ever. Though cryptocurrency really made for a decentralized market but I think because of greedy people we still need to be regulated. Don't worry if you give your details on exchange cause I believe its still safe but think twice if you are giving too much information on any ICO or airdrop cause they might use your information to connect with your wallet.
You guys promoting KYC like it's a good thing have got to be paid government shills.
If your a real human and not a govt official let me tell you what your doing by filling these things out.
- Giving your personal information online to unknown people. Your sending in your passports over the internet. That alone is nuts.
- The main point of crypto is it's anonymous nature. Your defeating the entire point of crypto by creating a trend that directly goes against the purpose of what your.
And you guys wanting to be protected from terrorists and calling for the government to protect you are pathetic. There really is no other way to describe you.
If your a real human and not a govt official let me tell you what your doing by filling these things out.
- Giving your personal information online to unknown people. Your sending in your passports over the internet. That alone is nuts.
- The main point of crypto is it's anonymous nature. Your defeating the entire point of crypto by creating a trend that directly goes against the purpose of what your.
And you guys wanting to be protected from terrorists and calling for the government to protect you are pathetic. There really is no other way to describe you.
I think KYC in ICO and trading account is good for development of cryptocurrency market, this is to avoid money laundry and other ilegal action. With KYC could be some fraud activity using crypto can minimize and finally crypto will be more popular because regulation complaince.
South Korea has established regulations that every Crypto trading account should have a complete KYC. In my opinion initial coin offerings should also have KYC for every investor to be regulation compliant. Thus, terror financing will reduce to a great extent through cryptocurrency.
My opinion KYC is good but I think It can reduce for participants to joined the comapaigns.Not all participants has KYC for verification so if this is implemented I much sure for 99% participants It can lock down to maybe 60%.But it's okay for me the important is I'm here willing to participate
Almost all the ICO are doing KYC now. It's the recent regulation in crypto to regulate AML which is the major concern for the mot of the country.
South Korea has established regulations that every Crypto trading account should have a complete KYC. In my opinion initial coin offerings should also have KYC for every investor to be regulation compliant. Thus, terror financing will reduce to a great extent through cryptocurrency.
Terror financing is just an alibi of the government to halt cryptocurrency because terrorist are wise and they know that although cyptocurrency is an anonymous transaction, it can still be trace. I don't agree in KYC for ICO because the documents that you submit to the ICO might fall in the wrong hand and could use it in illegal activities or sell your information in the dark market. South Korea has established regulations that every Crypto trading account should have a complete KYC. In my opinion initial coin offerings should also have KYC for every investor to be regulation compliant. Thus, terror financing will reduce to a great extent through cryptocurrency.
That is a step which could have come lot earlier but now that the frauds cases have gone high,it was about to come and i am glad that it has come.See KYC for ICO is also necessary and will come with time but money involved in trading account account is lot higher than ICO and if we look at the bigger picture it is a positive step and a necessary one.Lot of frauds will be reduced both by consumer as well as trading sites as government will have an eye on them.
I've already passed KYC in 1 airdrop and got promised tokens, no problem for me.
KYC is a good step, it will make ICO’S more secure & trust will developed.
I think no one will be scared to invest in ICO’S; they have a security in the shape of KYC.
Might possible slowly KYC will compulsory to all Bounty campaigns.
I think no one will be scared to invest in ICO’S; they have a security in the shape of KYC.
Might possible slowly KYC will compulsory to all Bounty campaigns.
I think this should not apply to participants with bounty . There's nothing wrong with that investors will complete the verification and confirmation of his personality. Another question, is a cryptocurrency and all expected her anonymity . But time does not stand still, and we see that more and more States are taking the blockchain and cryptocurrency to a new era of digital economy. If you look globally, we can't do without checking this could cause even more chaos in the world. At the moment I pass KYC 2 ICO and I do not see this disaster!
South Korea has established regulations that every Crypto trading account should have a complete KYC. In my opinion initial coin offerings should also have KYC for every investor to be regulation compliant. Thus, terror financing will reduce to a great extent through cryptocurrency.
That's a good initiative they have taken since this might stop many criminal activities. I believe not only the customers but also the creators and developers of the particular ICO should have KYC documents submitted to some trusted authorities since this will show their genuity and will give the investors a better insight about the people they are going to give their money to. Although this a tough thing to do since a trusted authority will mean that it will be a centralized processed but the necessary steps similar to this should definitely be taken. Jump to: