Bitcoin Forum

I want to participate in an ICO that requires a KYC identification. Problem is, most of my identification will presume that I am a us citizen since I currently reside there. But I am technically not a US citizen yet. Would this arise any complication? It will be my first ICO so I want to make sure it goes smoothly.

It depends on what their KYC policy is. A lot of things depend on where you are citizen, not if you necessarily live in a certain country. I would ask the ICO, explain your situation and see what they say.

Can you tell us which project you want to participate their ICO in? We can give better advice then. Usually if it rejects US citizens people try to invest via other trusted people. In the end ICO gives tokens, it's impossible to see users nationality. I know a lot of US citizens who invested these projects.

KyberNetwork. They claim to have a strict KYC check before providing allowance for their token sale, according to their blog post.

Could not find KyberNetwork but am assuming the project is avoiding the American market like many other ICO's are doing and if that is the case as you have already said your identification shows you a citizen of the US don't bother as you might lose your investment, watch out for TCs for such projects good luck.

Check to see if the ICO is open to US citizens versus US residents. If it's open to non US citizens, even though you are a resident, that shouldn't matter and you could participate. The best option is to contact the ICO issuer and ask them.

Any link for the said coin? Or, does it has a thread here in bitcointalk? Its good that we have a better idea of the coins on sale so that you might not encounter problem later on.

https://twitter.com/kybernetwork?lang=en

Generally the extent of KYC will be a copy of 1-2 forms of ID such as passport and driver's licence, sometimes witnessed by a notary.  In addition to this, proof of address in the form of a utility bill, which may or may not be within the last 3-6 months, which may make it tricky.  Get some local mail scanned from where you're from and you should be fine. Generally ICOs are looking for enough documentation that they have plausible deniability so they can blame you for giving false information rather than themselves being culpable for not KYC'ing investors adequately.

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