okay, but you ignored the remaining 4 of the reasons... and if you dig the interwebs I bet you can find more.
Btw, didn't they outsource the KYC?
I am not afraid of ID theft (one of the rare uppers of being a citizen of a 3rd world country, sigh...) and I submitted right away so I am a little ignorant here.
This is the problem. KYC/AML is required when we interact with the regulated
FINANCIAL INSTITUTIONS, i.e. when we use a credit card, bank transfer, check...etc. Storiqa's ICO did not interact with any
FINANCIAL MARKET....we were not allowed to use a credit card, bank transfer, check...etc to purchase the Storiqa token. So, there is absolutely no reason for them to be requesting KYC....our bank accounts were in no way connected to the purchases. When we do interact with a regulated FINANCIAL INSTITUTION, then that institution will request KYC ---> not some random anonymous entity hiding behind a cloudflare proxy ---> an insured or bonded, regulated, and licensed
FINANCIAL INSTITUTION. Do you see the problem?
And, no they didn't fully outsource the KYC---> our information first goes thru the "Storiqa" site (
https://www.scamadviser.com/check-website/tokensale.storiqa.com), then from Storiqa to "ICObox (
https://www.scamadviser.com/check-website/icobox.io), then from "ICObox" to (
PRESUMABLY ---> because that's what they TELL US) to "Onfido" (
https://www.scamadviser.com/check-website/onfido.com). So, all three of those sites have access to our information....AND two of the three are flagged "HIGH RISK!"
What if they used your information to open accounts to launder money to sanctioned countries or terrorists? Then, you would be the person indicted and held to answer in court....see the problem?