Topic: KYC public service announcement. (Read 607 times)
This is just the raw fact OP. You have spilled out the right word. Submitting your details, most especially an official document containing your data, is not a good idea. We all need to be very careful, else, we might blame ourselves for our actions and inactions and our mistakes.
Good article. I fully agree with the author of this article and adhere to the same views on the KYC procedure.
Cryptocurrencies are progress in the economy, but progress is impossible if it is carried out according to the old banking scheme of control over finances.
Cryptocurrencies are progress in the economy, but progress is impossible if it is carried out according to the old banking scheme of control over finances.
I don't really like that KYC thing even tho it helps us to get rid of cheaters in campaign but the risk of because of our personal information is just a no no for me
KYC is a new way for developers to sustain the ICO game and need to protect themselves for the coming regulations, which is one of the thing that accelerated the bear market. I think people need to be very careful to people you release your information to, because abuse of the process has been reported by some team
Never think towards that direction, wow! so government can use kyc collected by ico team to trace someone's identity to be able to get tax from asset owns by someone. Nice warning mate will stop sending my details in the sake of ico participation.
Well, he did not directly say like that but he said that by submitting our informations in the internet, there are many ways theives can get these informations and use it against us or for some sly purposes. So we better be careful in giving our information specially in the internet wherein the possibility of being stolen is big.
All you’ve said is true. It is such an eye opener. Thanks for the reminder dude. I indeed had given my documents to some sites that asked me for KYC purposes and i regret in doing it now. May it never happen again to me and to anyone else here.
Never think towards that direction, wow! so government can use kyc collected by ico team to trace someone's identity to be able to get tax from asset owns by someone. Nice warning mate will stop sending my details in the sake of ico participation.
Got to know a lot from this detailed post. Exactly own privacy and security of identical or any other related info should be the first concern. It is not wise to get tempted by unrealistic offers and send in all sensitive data online.
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I am a citizen who respect and obey the laws of my country. But even me, I am just mad when I perform all the task which is mandatory in every particular bounty, and then right in the end they will announce a kyc procedure needed.
Kyc issue is a pain in the ass, most ICO won't specify if they'll be adopting Kyc from the get go, suddenly at the middle of the ICO they'll require you to pass Kyc before you get your tokens and bounty reward which is not right, its better to know from the beginning in order to decide either to participate or not....
I won't advice anyone to exchange identity document on the internet because hackers could get hold of it and use it for bad thing
I won't advice anyone to exchange identity document on the internet because hackers could get hold of it and use it for bad thing
I think you are so right, KYC should not be needed for any ICO, bounty and airdrop, because we actually don't know who we sending these information to, it could get hacked and our identity and personal information will be compromised, To stay safe, never submit your real identity to them.
Thanks for this awareness article. It would be a so helpful for all the crypto users out there. I too think it is very much essential stay cautious when we are about to submit the sensitive information over internet.
KYC is just a stupid thing. It’s really very annoying. Why anyone give his/her secret information to other ? This thing should be avoided. It’s completely insecure.
KYC is a worst way of giving information. This doesn’t seem to me trustworthy ever. They can do anything with our secret info. It really makes us bound to the govt.
I am fully agree with you. Giving KYC to the project can bring some dangerous consequences. It can bring big problems for the information provider. So we should take cautions about these things.
Who can give a reference to specific laws that the ICO should carry out the KYC procedure? Now it looks like the ICO projects have come up with this, but refer it to the law requirements.
KYC is a very sensitive information. It should not be given on internet without any mandatory need. If any projects ask for KYC information, i think we should leave those projects.
Yeah providing KYC seems totally useless to me. Why should we give our personal information to unknown sources. We should be very careful about providing these things to any projects.
That's True. I have also gone through with this type of news. We all should be aware of this thing and we should also try to ignore those ICO which is looking for KYC. These days scammers are really active and we all need to make sure our own safety.
This is one kind of threat for the people who have already shared their KYC information. Currently, it will be wiser if anybody does not go for those ICO which ask for KYC. Hope this thing will come to in a solution soon.
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