Topic: Why most ICOs ask for KYC? - page 3. (Read 495 times)
ICOs raising $50m and above can definitely afford kyc. A lot don’t even want to go through a legal analysis and proper corporate structuring but that is why the community needs to keep vetting these things and flag them right away.
for me i think its wrong to ask for KYC. just because you want to stop some faction of particular country from participating in ICO does not mean you should implement KYC for everybody. there should be other measure to do this. secondly its unwise for any investor to send people you dont know your Identity document. this is dangerous
If ICO team plan to use money for developing, they must ask for KYC because many of investors are from USA. It is protective procedure
instead to doing that they can implement full IP tracking scrypt on there website. one an IP from USA is trying to register then they can block them. 
If ICO team plan to use money for developing, they must ask for KYC because many of investors are from USA. It is protective procedure
Or a procedure to steal your information also know as identity theft and you need to be careful about complying with the ICO most especially if their business and plans are much shady and its too good to be true and genuine scheme, most of them are just a scam project which some scammers take the opportunity of KYC compliance to get the clients valuable information for their unlawful acts. Most of the ICO is requiring its client most likely if your a USA citizen, so do the proper protocol to research their project before getting involved.
KYC in itself is important to ensure the individual is not using funds obtain through illegal means.
It is a tool to fight money laundering and terrorist financing.
As exchanges are regulated, ICO needs to do KYC to ensure their coins or tokens are not used as a means for money laundering or terrorist financing.
I do agree some projects are scam so be careful not to submit your personal details to any project that doesn't look legitimate.
Finding out the KYC partner of the project is important too. At least you know your personal data will be protected and handled properly.
It is a tool to fight money laundering and terrorist financing.
As exchanges are regulated, ICO needs to do KYC to ensure their coins or tokens are not used as a means for money laundering or terrorist financing.
I do agree some projects are scam so be careful not to submit your personal details to any project that doesn't look legitimate.
Finding out the KYC partner of the project is important too. At least you know your personal data will be protected and handled properly.
To make sure that joining their ICO is legal in your country, they dont want to get involve in any law problem so their bussines is safe.
This has began after people have started laundering out their money in cryptocurrencies. Actually after the United States securities commission has prohibited residents of US to take part in ICO every ICO come up with a KYC to ensure there is no participant from any such country. Secondly, KYC keeps away scammers and spammers too. But what KYC does is that it gives your pretty important details to the developers and no doubt this can be misused quite easily.
Hi , Recently most ICOs ask participants for KYC!, why the do?
Is there any official organization regulate them and monitor ICOs?
Is there any official organization regulate them and monitor ICOs?
Fill KYC is a boring, I think it’s the Regulation of the less good, there may be one of the required ico to fill KYC.
At first, they asked for a verification of identities to avoid having invertors from the United States or China where ICO are prohibited. Since then, it has become a marketing element to prove the "seriousness" of a fundraiser.
Today, you have to pay attention to these companies that request a KYC, because it could be a scam that would like to steal your private information.
You hit the point! That's exactly it is! My take on this is that you need to pick carefully what ICO you want to participate especially now that a lot of them are purely scams or being deceitful which make their investors believe that they are the real thing but when it hits the market and after a few days it would drop dead. Today, you have to pay attention to these companies that request a KYC, because it could be a scam that would like to steal your private information.
KYC is the very important part of ICO regulation. Everyone who participated in ICO noticed citizenship related restrictions.
In its turn company should be able to provide detailed registration information for ICO participants.
In its turn company should be able to provide detailed registration information for ICO participants.
There is only one country where it is forbidden to take tokens from ICO projects. In the United States of America, there is an illegal decision against Ico. Only the identity document is required in the country of China. Do not give your credentials to projects you do not trust.
Yes, KYC is really still biggest problem, even blockchain told us to keep staying anonym in this stuff, so its still become a question in my mind,
why those project that's still related to any blockchain thing, they need a private information of the participants, very disgusting i think
If ICO team plan to use money for developing, they must ask for KYC because many of investors are from USA. It is protective procedure
At first, they asked for a verification of identities to avoid having invertors from the United States or China where ICO are prohibited. Since then, it has become a marketing element to prove the "seriousness" of a fundraiser.
Today, you have to pay attention to these companies that request a KYC, because it could be a scam that would like to steal your private information.
Today, you have to pay attention to these companies that request a KYC, because it could be a scam that would like to steal your private information.
Hi , Recently most ICOs ask participants for KYC!, why the do?
Is there any official organization regulate them and monitor ICOs?
Is there any official organization regulate them and monitor ICOs?
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