Nobody can guarantee that documents send for KYC is real. So it is useless for tax purposes. Moreover you can use BTC mixer to avoid track of your transactions. I think that governments still not very interesting to control cryptocurrency, they able to gain profits by more simple ways.
Topic: KYC public service announcement. - page 3. (Read 609 times)
KYC is verifying our physical document for the validity. While giving our document we need to be careful, so there will be helpful for us.
You are right, the crypto decentralization here represents the fact that it is against the principle. Crypto can never be controlled by anyone. Crypto is made with advanced blockchain technology. Which is very secure and potential.
I too kinda skeptical about giving away my personal data especially when it's can be generally used for verifying like its giving people the privelege to impersonate us but if the company is about to be trusted and they are compliant to the country's regulation
thats somehow a different case, but, it's kinda hard to figure out which is really using our data for the sake of kyc or aml verifying only or being used for other purpose.
maybe a service that provide protection to any people who are giivng away their personal data for kyc need to be deployed.
thats somehow a different case, but, it's kinda hard to figure out which is really using our data for the sake of kyc or aml verifying only or being used for other purpose.
maybe a service that provide protection to any people who are giivng away their personal data for kyc need to be deployed.
KYC is now starting to become as much a requirement for the acceptance of gifts. This of course inevitably for who want to get the results should provide their personal data. However, it is very risky because it does not know for what and who brought the data. better look for safe by avoiding the use of things like this.
Since crypto is decentralized so there is no need to present personal information here. The third party will try to control its personal information, which is against the policy. We should refrain from providing this information.
There is nothing more important than your personal documents and privacy or KYC information. Do not make a mistake and do not read your documents. If you think there will be a risk than discuss about it in your team.
i think giving personal information are risky. Since the crypto market is decentralized, so there is no need to present personal information. Many things can happen if you give personal information. The government may take control or try to control it by tax. Which is anti-crypto policy.
We read that even eleven-year-old boys successfully create their ICO projects. And we can pass on to these children identification data and copies of our passports when checking KYC. This is despite the fact that the participants of the ICO generosity campaign should not undergo such a check at all because they are not investors in such projects.
In general, I believe that the right of claim in others to pass the KYC test should only be in government bodies, because only they can ensure the safety of our confidential data.
In general, I believe that the right of claim in others to pass the KYC test should only be in government bodies, because only they can ensure the safety of our confidential data.
Secure yourself for your safety. We need to learn more about security and fraud project as well. Analysing is important before giving your KYC information.
the actual existence of the KYC is great as a security system. Even projects with KYC often will be more reliable if for me. Because this is safer and also more worth it for us to follow.
I think everyone should avoid KYC no matter how important it is to get ICOs, BTC, ATC. One can find an alternative way without KYC to get what he/she needs. KYC risks sensitive info. Nothing is more valuable than the safety of life.
well some are considering it as a progress but for me it is better to not provide your personal information publicly it could cause problems , so please be over sure before doing this kinds of work, your personal data is your main security
For your safety issues be aware and secure yourself. We should think more about the security purpose. Stop giving your KYC information in insecured project or anywhere and be safe.
I hate participating in ico projects and then they bring up kyc as part of the process. I think more should be done to secure the identity of people who have to undergo kyc. Even if the project does not scam, data breaches can occur on the site which can leave documents of innocent investors at the hands of perpetual cyber criminals
KYC is for the customer of crypto world . In new announcement in KYC it is important to be careful when we are giving information. It will be great if we avoid to give useful information via internet because may be it have risk we can be suffer by this.
I am very categorical about the projects that make KYC go for bounty hunters, I'm not against investors, but this is also not normal in terms of security for investors, it's not normal. But on the whole, I agree to give documents only to state structures
Now a lot of ICO require KYC for their customers. Justified their actions on the part of legality or not to determine problematically. By refusing to pass it, you can lose money earned in promising projects.
Personal information are meant to remain secret for one’s safety reason. If anyone tend to give them away as KYC then I think it will be a wrong move. It will increase the chance of identity theft and cause trouble.
Many projects and ICOs might require personal information in the form of KYC. In my opinion, it is not worth giving this information to the unknown parties. Because no one can tell where they will use this info.
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