Bitcoin Forum

**Anyone got any thoughts on below?**

1. What do you know about KYC?
2. For ICO that did KYC do they need the license to do this?
3. Is it mandatory or optional? Why some ICO did but some didn't?
4. If it is mandatory who forced it? SEC? Legal and compliance department?
5. What is the process to get approval from the departments or SEC?
6. For ICO who raised funds, are they financially licensed?

1. think that everyone knows pretty the same things about it
2. i think that KYC should do external contractor, for example, ICOpass.id
3.I guess that depends on country regulations where ICO are registered as company
4.Usually government
6. i wouldn't trust any money if ICO isn't registered as a company and don't have a business license.

1  and only - I know enough to be absolutely scared by KYC. You are just putting your data, very sensitive and with potential for misuse in who knows what hands.

Well it is not necessary to have this verification with ICOs,but most of the founders of these ICOs are too scared with the SEC's threats but its actually shouldnt be doing by the ICOs outside the U.S because SEC's regulations would only be covering all the U.S citizens in all the states of america,outside the country it should be something to worry about.