3rd party KYC Registration for ICOs

[DavidSurf]

Interested in the regulatory aspect of ICOs, I'm hearing a lot of info. Are third party KYC companies not legally responsible for a client co? How would an ICO handle KYC by themselves? How would they (the ICO) conduct due diligence?

[pinkflower]

You would not know. Participating in ICOs will require counterparty trust with or without KYC/AML. You trust them to transfer the tokens to you and you trust them to deliver the platform in where the tokens are used.

For your questions.

• We dont know. There are no clear guidelines for this that was shared to the community.
  
  
• We dont know. Their ICO website might say something but we dont really know.
  
  
• We dont know. It will depend on the founders of the ICO.