Just avoid any KYC-required projects. In case they're scam you will lose not only your money but your private data too, and the most projects for now are scam.
Let's wait government will regulate projects (project owners), not the people who invested.
Topic: Lets take a stand against KYC - page 2. (Read 277 times)
I originally thought about the fact that the crypto currency is anonymous,now with these anonymity checks, there is no
KYC is also the protection of the company for potential money laundering people, if you are not sure about the companies credibility then dont join if you are afraid that your information might be lose or get stolen or worst be used for illegal activities.
what is bad about KYC? Don't you want your money to be secure?
The reward and airdrops need KYC validation, which sounds crazy, I think it's unnecessary.
Don’t most icos require kyc? Your list might get really long! I’m actually all for kyc. I don’t want crypto reputation tarnished because of some criminals or because terrorists get funding because of anonymous wallets (and coincidentally I’m tired of terrorists killing people so the flow of funds to them must stop). If you want a simple solution: do your proper research on the ico you will invest in or bounty or airdrop and only send your information to those that are reputable.
@Hopewell12. Why would you give sensitive information about yourself to a random ICO token project which might likely be a scam? If they ask for your passport then do not waste your time on them.
I predict identity theft will be the new objective for some of these ICO scammers. Everyone should be careful.
I predict identity theft will be the new objective for some of these ICO scammers. Everyone should be careful.
Yeah Peculium is a mess over there. Just 1 bad employee and your passport is hijacked. People going to learn the hard way. Bobs and Peculium seem ill prepared for the massive undertaking so you know your personal documents are in harms way if you were insane enough to send them in..
In my opinion KYC should be only for big investor and not for bounty program or airdrop. Company that offer token sale and required ID just for KYC and AML complaince so not any issue about money laundry and any others fraud. This is actually good for ICO market so ICO not use for money laundry or other fraud so the cryptocurrency community will be bigger.
Peculium (extorting KYC before i got a refund at least like 1 week ago).
Envion (ICO finished)
Daddi
All i can really think of off the top of my head.
Envion (ICO finished)
Daddi
All i can really think of off the top of my head.
I would like to start a list here of all the projects demanding us to hand over our Passports to participate in their airdrop/bounty/ICO.
If any of these projects are hacked or turn out to be scams our passports will fall in to the hands of criminals or worst yet terrorists. These projects are also going against one of the core principles of Crypto and that's its anonymous nature. Lets stop this now.
I urge everyone to list the projects demanding this type of identification and talk to community members about how sending your passports over the internet to strangers is not in our best interests.
GoNetwork
Bob's Repair
If any of these projects are hacked or turn out to be scams our passports will fall in to the hands of criminals or worst yet terrorists. These projects are also going against one of the core principles of Crypto and that's its anonymous nature. Lets stop this now.
I urge everyone to list the projects demanding this type of identification and talk to community members about how sending your passports over the internet to strangers is not in our best interests.
GoNetwork
Bob's Repair
Jump to: