it seems that this still does not apply in my country for problems handling in the bank, but in the program kyc I think it is still ongoing although not with like other countries, that's as far as I know.
Topic: Monthly income and Bank account statement for a KYC (Read 631 times)
i think it is good to Know your costumer (KYC) but community should take seriously about the data they collect from us, so the data are not used for every negative activity.
They do not need it, if we do not give it, it can not be compromised
i think it is good to Know your costumer (KYC) but community should take seriously about the data they collect from us, so the data are not used for every negative activity.
I think that projects that require your bank account statement are scam projects. They collect information about you and your earnings in order to then sell this information to hackers.
Agree with me that every competent and logically reasoning person will not give their information about the Bank account. If the information is public it is possible, and if the secret that to give her no one will. So depends on what the Bank account information. Maybe utility bill will be more safe than bank account statement. Possible that information can getting to bad guys.
NOBODY needs those info's
As for me, this is a very bad decision as they lose a lot of customers through it, so you need to cancel such rules
Maybe utility bill will be more safe than bank account statement. Possible that information can getting to bad guys.
Someone has to be a fool to give the ICOs their personal documents and bank records as these ICOs have no regulatory over watch and the amount of exit scams happening in ICOs is mind boggling. Just recently two ICOs got hacked and the KYC data of their users got stolen. I wouldn't want my personal data into the hands of hackers and scammers.
Cobinhood is asking this kind of information during verification. I despise this exchange. Asking too much and gives too little. Copycat of Robinhood exchange.
If I personally have never seen ICO do this before and that's just a little information to satisfy. And with the KYC system applied to the bounty, because the KYC system requested personal data. Anonymous based cryptocurrency systems. So clearly also the opposite between KYC system with Cryptocurrency system.
This is an interesting request. I first saw an ICO project asking you to submit the bank statement.
But in some formal financial services, you are required to submit your bank statements to prevent money laundering.
But in some formal financial services, you are required to submit your bank statements to prevent money laundering.
The KYC procedure for cryptography is very doubtful and dangerous. But to give an extract from your bank account to unknown people - is insanity. It's like showing everything in the public domain on the Internet
It is a standard practice in the traditional investing which is being adopted rapidly in the crypto world. The updated KYC process makes sure that ICO is not targeting or exploiting the gullible investors.
Asking your Identity and bank account is beyond standard already. Especially you are dealing with the unknown person.
It is a standard practice in the traditional investing which is being adopted rapidly in the crypto world. The updated KYC process makes sure that ICO is not targeting or exploiting the gullible investors.
Asking your Identity and bank account is beyond standard already. Especially you are dealing with the unknown person.
Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?
What can you say about this requirements?
Somebody here did it before?
So ignore those projects looking to know the KYC for investing the ICO projects. If everyone started ignore them none of the company will then ask to launch the ICO. For their earning purpose only they are creating the altcoin in the market with the best project idea if they have.
I believe the projects looking for KYC details from the Illuminaties side people and grabbing the real name of the investors on bitcoin and alts. Please all be anonymous in the market. Don't rip off your face.
Yes, I agree with you. KYC is a big dilemma in Crypto. Sometimes they need our personal info to make sure that our past financial condition was good.
But for us, it's scary that our personal information shared by a stranger.
It is a standard practice in the traditional investing which is being adopted rapidly in the crypto world. The updated KYC process makes sure that ICO is not targeting or exploiting the gullible investors.
Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?
I have also met such information that the ICO team requires the provision of such information about your financial capabilities. I consider this to be utter absurdity. When you buy a product, and the token is not very different from other products, if it does not yet provide any additional rights, as they are granted by the rights of company shares, you do not need to know your financial capabilities. This is required only if you take the money on credit, then this information is important for the creditors. In other cases, your financial capabilities should not be of any interest to anyone, these are your personal data. What can you say about this requirements?
Somebody here did it before?
In KYC if the Bank account and you details are being ask you should red lighted on this. It could be someone wants to still your identity for possible hacking.
I think that projects that require your bank account statement are scam projects. They collect information about you and your earnings in order to then sell this information to hackers.
It could possible dude. Instead gaining you will loss big time. They might be use those KYC to hack you bank account and will easy for them because they have all of your information. Better to ignore such kind of KYC.
It certainly looks like the dev's are wanting bank statements so they can judge how much they can rob you of in regular instalments.
ONLY a complete muppet would hand over ID never mind a bloody bank statement as well..
ONLY a complete muppet would hand over ID never mind a bloody bank statement as well..
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