It seems you are only going through the implementation of KYCs just because others are doing same and not because you really need it. Believe me, the business that are implementing KYCs are doing it because they are being boxed to a corner and the need to continue their businesses while for the ICOs, its purely out of their own selfish needs and not in any way related to compliance. There is no doubt that the number of people visiting sites in that implements KYCs drops, but because they have a huge database, that is why they were still able to stay afloat. For your business which is fairly known, expect some outflow of clients with this new movement and now that you have announced it. My advice, I would suggest you shelve the idea for now, until it becomes absolutely necessary for you to run your business.
Also, if you desire to go ahead, its better you use a reputable platform that people have come to trust and be ready to pay for it such that in the case of compromise, it is the third party that is held responsible and nothing touches your business. Wishing you all the best in this.
I get your point but looking at it as a business perspective what they are doing is good as they are planning ahead and who knows one day their government demanded kyc for customers and they'll be surprised that they have one in stored already. Plus if they did this step early on they won't be making this a problem anymore, no deadlines sets by the government, no more notices and reminders as they know that they are complying at the first time. For the business owner good job for thinking ahead, KYC profiles might be handy in the future just in case something happened legally. Also, if you desire to go ahead, its better you use a reputable platform that people have come to trust and be ready to pay for it such that in the case of compromise, it is the third party that is held responsible and nothing touches your business. Wishing you all the best in this.
