KYC in ICO & Trading account

[NaniGadu]

South Korea has established regulations that every Crypto trading account should have a complete KYC. In my opinion initial coin offerings should also have KYC for every investor to be regulation compliant. Thus, terror financing will reduce to a great extent through cryptocurrency.

Yes KYC is good to avoid any future cases. But some ICO's are doing this KYC process with third parties and using not so great softwares which is not good.

[kinki32]

Everytime I said, people just use binance or kucoin without KYC and still waiting atomic swaps for decentralized exchanges.

[yareklamator]

Giving someone their documents is always dangerous. If there was a single database with good security. I submitted my documents to many ICOs. But I'm not sure that my documents did not fall into the hands of scammers after some of the project sites were hacked. This all absolutely contradicts the very idea of anonymity. By giving your personal documents you do not know who is following you.

[ntrader]

regulation is very necessary for the ICO's but It is not real problem for screamers. because they do not have problem with regulation and limitation of governors, they return the rules. so, we must increase the knowledge of people for investment in ICOs

[wxxyrqa]

regulation is very necessary for the ICO's but It is not real problem for screamers. because they do not have problem with regulation and limitation of governors, they return the rules. so, we must increase the knowledge of people for investment in ICOs

but nevertheless not all companies require the provision of personal data. In most cases, the forum itself takes the initiative, either by the manager himself, or by the administration.

[Crasengover]

Every time and you fill in KYC forms and send you personal details to different ICOs you have a risk that your personal data can be stolen by hackers. There were already several cases when ICO DBs were hacked and all data got into arms of scammers. So I would prefer that all ICOs will use one external KYC resourse like Bitcoin Suisse.