VOTE! Do you participate in ICO that requires KYC (your personal data)? - page 10.

HabiebRiziq

sr. member

Activity: 966

Merit: 250

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Quote from: horner35 on March 11, 2018, 01:52:35 PM

Of course you do not give away your personal information. The ICO price always crashes and you buy then. Simple. Never ever give a passport and a selfie to a stranger. You guys get the fomo so hard you give up that type of info over the internet?

Once you guys stop support those projects you do realize KYC will go away right?

me to, vote no ! beware with KYC verification guys. go to other ICO with no KYC verification required. your personal data is more important than everything guys. there are many ICO with no KYC verification guys.

green547

full member

Activity: 385

Merit: 101

Crypto should be private and anonymous, the only people that should prove themselves are those that are running the ICOS.

yulchatar

full member

Activity: 910

Merit: 100

I voted yes since I'm participating in such projects where verification of the KYC is required. The company that conducts ICO establishes own rules which I follow if I want to invest in their project. If you don't want it - it's your choice.

qero

sr. member

Activity: 476

Merit: 253

You can use fake data (passport and etc). There is no problem if you see problem.

horner35

jr. member

Activity: 93

Merit: 1

Of course you do not give away your personal information. The ICO price always crashes and you buy then. Simple. Never ever give a passport and a selfie to a stranger. You guys get the fomo so hard you give up that type of info over the internet?

Once you guys stop support those projects you do realize KYC will go away right?

The Goat Master

hero member

Activity: 868

Merit: 502

I go for No. But it is up to what kind of KYC is that. If they want selfie from me that's abosulately no. If they have soft KYC it can be.

flowers5

member

Activity: 192

Merit: 10

No vote here.

One thing to note.

99% of the time the price falls to the ICO price after a few weeks. Just wait until then to buy it.

Also if everyone shuns this activity and does not participate it will go away all on it's own. You guys are giving up everything by participating. From the movement of crypto all the way down to your personal security.

abbywem

member

Activity: 100

Merit: 10

Most Advanced Crypto Exchange on the Blockchain

Hello no I wont give up my information to be later sold on the dark web.

They cannot protect your data. Even the most advanced security systems get hacked. Every time you send it your taking that chance.

raymondsamillano

newbie

Activity: 75

Merit: 0

I would agree with the kyc if the purpose is to avoid money laundering but may have a contract that personal data will not be sold to call centers or any institutions. Except for passport, drivers license is sufficient to accept. ICO is also better off with its own kyc from previous investment or from its partnership, so not only the investors will be identified but the
ICO itself, you can prove legitimate.

BTRIC

copper member

Activity: 98

Merit: 12

BTRIC: Innovate. Institute. Labs.

I am personally not in favor of KYC for ICO projects, but I do recognize that it's required by governments in some cases.

Given that, I believe a better KYC system needs to be put in to use by everyone. It has to balance the legal requirements that the business has with the privacy interests of the customers. There's methods to explore to accomplish this and I plan on working on announcing a working group to focus on this issue once I can.

I remain concerned about U.S. regulators and am planning a trip to DC to sit down with lawmakers and regulators to articulate the different considerations that are necessary with respect to KYC in ICO/ITO offerings. I'm looking at how stock exchanges perform IPO's and the personal information that is exchanged with the public company is not much, and it's done through their stock exchange. There is no advance KYC for IPOs except for private offerings.

Lots of things to work on. But my view is if we don't come to some consensus on how to handle these things, the (legacy) financial services lobby will make it come out in their favor. I am opposed to extensive regulation that will slow the pace of innovation and maintain large bank's grip over finance.

Best regards,
Ben

cryptoux

member

Activity: 186

Merit: 10

Voted no,if the ICO has been requiring to send my passport,i wont because it could be used into identity frauds and illegal actitivities,many of the cindicates are in the deepweb and it could be use against you,dont want to risk my privacy just for the opportunity that an ICO has to offer? why not buy these coins after they got listed in the exchange?

PetrovichCoinMaster

member

Activity: 224

Merit: 17

In those projects where it is required to pass KYC, I provide a driver's license. I believe that this is the most secure, as scammers are unlikely to be able to use this document for other purposes.

funnelz

newbie

Activity: 36

Merit: 0

Quote from: anylic on March 11, 2018, 12:28:27 PM

Quote from: Jekbolt on March 11, 2018, 10:58:18 AM

The requirement to pass the KYC (know-your-customer) test from the ICO companies is really a big problem both for investors in ICO campaigns and start-ups.

Some people (contributors) don't like to leave personal information to start-ups. What about you?
Would you participate in ICO if you like the project but your personal info is required? Please vote.

This poll will help ICOs to decide what should they do with this issue: apply KYC/AML and get lower rate of contributors or don't apply and get more contributors.

I'm willing to participate in projects that use KYC because I feel that if there is a problem later on the risk will be able to help us solve the problem better.

This cannot be a serious response. Your willing to have your identity stolen to help fix those types of issues in the future? Good lord who are these people?

anylic

full member

Activity: 278

Merit: 115

GIF by SOCIFI

Quote from: Jekbolt on March 11, 2018, 10:58:18 AM

The requirement to pass the KYC (know-your-customer) test from the ICO companies is really a big problem both for investors in ICO campaigns and start-ups.

Some people (contributors) don't like to leave personal information to start-ups. What about you?
Would you participate in ICO if you like the project but your personal info is required? Please vote.

This poll will help ICOs to decide what should they do with this issue: apply KYC/AML and get lower rate of contributors or don't apply and get more contributors.

I'm willing to participate in projects that use KYC because I feel that if there is a problem later on the risk will be able to help us solve the problem better.

Meraki

full member

Activity: 448

Merit: 110

It depends on where will i submit the form, but as much as possible no KYC because i want to by anonymous, also to be safe for identity theft or fraud.

makishart

legendary

Activity: 3108

Merit: 1029

Quote from: Jekbolt on March 11, 2018, 10:58:18 AM

The requirement to pass the KYC (know-your-customer) test from the ICO companies is really a big problem both for investors in ICO campaigns and start-ups.

Some people (contributors) don't like to leave personal information to start-ups. What about you?
Would you participate in ICO if you like the project but your personal info is required? Please vote.

This poll will help ICOs to decide what should they do with this issue: apply KYC/AML and get lower rate of contributors or don't apply and get more contributors.

Not sure about that because of the fact that thousands of people are still interested to fill the KYC form to participate in the ico.

I'd liked to participate in the ico that applied KYC verification but that must have completed all of my personal requirements to be included as a promising project. How dumb those are following random ico but filled KYC form.

At least the promising project with the trustable developer can minimize the risk.

Heopu

newbie

Activity: 280

Merit: 0

In my opinion, KYC is good for ICO, but bad for investors.
This advantage belongs to hackers with an additional award - the reward is the data of tens of thousands of investors.
As an investor, I do not want my personal data to be leaked.

rbt

full member

Activity: 266

Merit: 101

Without knowing (because it wasn`t stated anywhere) I participated in two campaigns that at the end required KYC. I felt somehow cheated and decided to skip it and lose my deserved tokens (I also skipped Polymath airdrop wich was worth more than $250). This KYC procedure doesn`t offer any protection to the investors, so I don`t really understand why are people so willing to give their sensitive info over the net to some new companies - how can we so easily forget that many reputable companies databases were hacked over time? Also, with that many ICO`s failing, what will happen with our data after an ICO project is abandoned or if there is a scam project? By the way, since in my country the taxes on crypto gains are quite acceptable (10%), I don`t think it`s worth the effort to hide something, so I`m not avoiding KYC just to stay under the radar.

The Sceptical Chymist

legendary

Activity: 3500

Merit: 6981

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Nope, nor would I even participate in a signature campaign if they wanted my doc. And for some people,their reasons might be to avoid the tax man, but for me it's because I don't trust the folks who run ICOs--and I definitely don't know them and don't know what they plan to do with my information.

Crypto is infested with crooks, so it pays to be a little paranoid.

aurorabitcoin.96

member

Activity: 210

Merit: 10

Never DO AIRDROPS

Why should I give sensitive data to somewhere that I dont know. And, I dont want my Identity use for Break the Law or False Usage!
Crypto made for Anonimity, so KYC will broke it. Except, the project are competent and promise destroy KYC ASAP after they receive it.

Topic: VOTE! Do you participate in ICO that requires KYC (your personal data)? - page 10. (Read 1158 times)