Let's Learn How to do KYC safely! - page 2.

ranman09

full member

Activity: 756

Merit: 112

Quote from: stompix on June 07, 2018, 10:28:06 AM

No serious service in this world is going to accept a scanned copy that was tampered with but cutting parts from it.
None!!!!!

I really can't find any supporting blog or documents for the number 1 in the list. I have seen in some (about 30%) of the ICOs I study that they REQUIRE hiding of identifying number in the ID before submission. So I guess this is a real thing?

I found this just now, in a website here http://www.austrac.gov.au/part-b-amlctf-program-customer-due-diligence-procedures

Quote

"a reporting entity could verify the customer’s name by referring to their driver’s licence that shows the customer’s first name, middle initial, and family name. "

But it says nothing about the covering of some data.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: ranman09 on June 07, 2018, 09:03:29 AM

Most of us don't want to do KYC for reasons that it might leak or endanger our privacy. But I saw procedures that may make our data and personal documents still safe.

~

Everything you say below that, about hiding numbers on your scanned documents is wrong.

If there is an ICO that says they follow KYC requirements and they do accept your card with blurred info, then run away as that is not legal and they have no idea about what real KYC is, they just do that to fake trust.

No serious service in this world is going to accept a scanned copy that was tampered with but cutting parts from it.
None!!!!!

Besides, in less than a few years in most of the EU, scanned documents alone will no longer be enough for KYC/AML requirements as you will need a legalized copy from a notary. Grin

kucritt

full member

Activity: 616

Merit: 100

is this true that KYC only need the first name, last name, nationality, and address? if yws i think we can hide other privacy as you said like the number of our identity, oh is photo is important too for KYC? i dont know about KYC at all because every time i do KYC i only scan my identity card only and send t them

Mr.Jovetic

newbie

Activity: 115

Merit: 0

It is useful cus KYC is required anywhere and we should know how to use it properly

tegarp90

full member

Activity: 546

Merit: 100

Quote from: ranman09 on June 07, 2018, 09:03:29 AM

KYC or Know Your Customer procedure is now a requirement on most ICOs. It is used to check customers or investors and also for them to comply with AML or Anti-Money Laundering Laws.

Most of us don't want to do KYC for reasons that it might leak or endanger our privacy. But I saw procedures that may make our data and personal documents still safe.

What I want for this post is to actually build a list of what are positive with KYC on the customers or investors view/side or what they can do to protect themselves. Let me add one;

1. You can HIDE your identity numbers in the images of the Documents you will send. You can only show;
   a. First Name
   b. Last Name
   c. Address
   d. Nationality
These are the only data needed. This will somehow protect your personal referencing data and protect against some unwanted legal usage.

Help me build this list guys! As we all know we will need to adopt with this kinds of regulation. We all want Bitcoin to succeed and for that, I believe it needs to be legal.

I don't know if we can hide our ID numbers and our photo if filling a KYC.
I've ever submitted a KYC for one of an ICO, buat my ID (driver license) on the photo area is blurred because it was ever damaged by water.
But they reject my KYC, they said it's a scam ID.

Kakmakr

legendary

Activity: 3514

Merit: 1963

Leading Crypto Sports Betting & Casino Platform

Your first name and last name is already enough for most hackers to target you. If these people hack these centralized services and they get their hands on this information, then they can track you and steal your identity or they know you are a Crypto currency holder. They follow the money and these KYC/AML infringe on your private identity and your private financial data.

Let's be very cautious on the indirect attack on our privacy and the unmasking of Crypto currency users.

Timere

newbie

Activity: 133

Merit: 0

KYC is the opponent of all crypto currency. Thus, the Crypto-currency is once again wanted to take control. And control is the enemy of everything as we see in this world!

digaran2

sr. member

Activity: 478

Merit: 250

Quote from: retampan on June 07, 2018, 09:37:56 AM

Most of the KYC procedures need full-image of your documents while covering or hiding some part of the documents can might failing the KYC.

yes, many kyc need full_image, how solve the problem?
i think u must select the trust ico and do not part in untrusted projects.

ramzifcb47

jr. member

Activity: 271

Merit: 5

You should never send your personal documents to untrusted individuales, i mean it's crypto we all got to crypto because it protects our privacy, so why should we give it out just to have some worthless tokens ?

retampan

full member

Activity: 462

Merit: 101

Most of the KYC procedures need full-image of your documents while covering or hiding some part of the documents can might failing the KYC.

salita23

newbie

Activity: 126

Merit: 0

I'm new here and I'm still in the learning stage. KYC is new and I'm glad to know that there are some people here that giving idea and knowledge about this bitcoin. In this case I can enhance my idea fast and properly on this forum.

ranman09

full member

Activity: 756

Merit: 112

Will be updated soon!

KYC or Know Your Customer procedure is now a requirement on most ICOs. It is used to check customers or investors and also for them to comply with AML or Anti-Money Laundering Laws.

Most of us don't want to do KYC for reasons that it might leak or endanger our privacy. But I saw procedures that may make our data and personal documents still safe.

What I want for this post is to actually build a list of what are positive with KYC on the customers or investors view/side or what they can do to protect themselves. Let me add one;

1. You can HIDE your identity numbers in the images of the Documents you will send. You can only show;
   a. First Name
   b. Last Name
   c. Address
   d. Nationality
These are the only data needed. This will somehow protect your personal referencing data and protect against some unwanted legal usage.

Help me build this list guys! As we all know we will need to adopt with this kinds of regulation. We all want Bitcoin to succeed and for that, I believe it needs to be legal.

Topic: Let's Learn How to do KYC safely! - page 2. (Read 246 times)