KYC + all your official papers being stolen and traded

[AltcoinAuthority]

Be very careful sending in your passports and govt id's for KYC.  Your 1 scam project away from having your identity stolen for god knows what on an international level. 

Also look very closely at the "projects" asking for this.  One of the major points of crypto is to be anonymous.  Do not give this up.  If you keep sending in your "papers" to strangers you will get burnt eventually.

Think about what the authorities will say to you when your identity has been stolen.  They are going to ask why in the world you would give your personal info like this to a stranger on the internet.  It makes no sense on any basic level to give your info out like this.

JPMOGAN does not even ask us for this level of identification when opening an account.

Think about it please.

If we all deny the KYC projects this invasive procedure will go away.

To anyone who has been giving your passport online you had better get a service to help protect you from identity theft as you have handed your most personal of information to complete strangers you do not know.  They can use your passport for any reason including terrorist acts.

Imagine the terrorist cells starting a project and getting all the FOMO warriors passports because they got in such a rush and turned off their brain.  Now you have real problems.

Good luck guys.

You just found that out?
It's not like the people in the ICO's are trying to contact everybody's banking provider to see if their information is real.

[Hopewell12]

A lot of these projects show a complete lack of competence in dealing with the crowd.  I won't give my info to large corporations let alone most of these fly by night projects.  There is a huge failure rate (lots of success also) with more failing than succeeding.  Your personal info is worth $$ if/when they decided to grab a few dollars on the way out.  Then you have huge issues. 

To the guy who gave his passport + bank account info you will be lucky if they only steal your money for weed an porn.  What if they take your cash and buy a bomb and blow something up and drop your passport (easy to make a new one with all the info and codes)  at the scene?  Now your life is over.  Seeing as how much the govt is against crypto I assume they would be more than happy to "be safe" and keep you locked down.

THINK!

[whofeelsitknowsit]

JPMOGAN does not even ask us for this level of identification when opening an account.

This is false.

[imjustagirl]

Everyone got used to sending that information, since most exchanges (unfortunately) require it.
I agree though, never send your private information to an ICO like ID data, they should not need it.

[Geenstijl]

Be very careful sending in your passports and govt id's for KYC.  Your 1 scam project away from having your identity stolen for god knows what on an international level. 

Also look very closely at the "projects" asking for this.  One of the major points of crypto is to be anonymous.  Do not give this up.  If you keep sending in your "papers" to strangers you will get burnt eventually.

Think about what the authorities will say to you when your identity has been stolen.  They are going to ask why in the world you would give your personal info like this to a stranger on the internet.  It makes no sense on any basic level to give your info out like this.

JPMOGAN does not even ask us for this level of identification when opening an account.

Think about it please.

If we all deny the KYC projects this invasive procedure will go away.

To anyone who has been giving your passport online you had better get a service to help protect you from identity theft as you have handed your most personal of information to complete strangers you do not know.  They can use your passport for any reason including terrorist acts.

Imagine the terrorist cells starting a project and getting all the FOMO warriors passports because they got in such a rush and turned off their brain.  Now you have real problems.

Good luck guys.

It's a real problem that should be solved by some most advanced KYC crypto project. The demand is now very high so I hope we'll see some KYC blockchain solution in a few months.

[nextel]

There's a lot of members in this forum are seeing this unfortunate consequences if we are giving our identities on complying the KYC requirements to get our tokens as investments or bounty tokens.
That's really bullshit.
Giving away your identity will sabotage your identity into the hands of the bad guys and will soon creates troubles and problems in some circumstances.
There are being noted that some members and investors are now facing some identity theft and other identity issues that will ruin their credibility and reputation.
This KYC should be abolish while it's too early.

[nextel]

Be very careful sending in your passports and govt id's for KYC.  Your 1 scam project away from having your identity stolen for god knows what on an international level. 

Also look very closely at the "projects" asking for this.  One of the major points of crypto is to be anonymous.  Do not give this up.  If you keep sending in your "papers" to strangers you will get burnt eventually.

Think about what the authorities will say to you when your identity has been stolen.  They are going to ask why in the world you would give your personal info like this to a stranger on the internet.  It makes no sense on any basic level to give your info out like this.

JPMOGAN does not even ask us for this level of identification when opening an account.

Think about it please.

If we all deny the KYC projects this invasive procedure will go away.

To anyone who has been giving your passport online you had better get a service to help protect you from identity theft as you have handed your most personal of information to complete strangers you do not know.  They can use your passport for any reason including terrorist acts.

Imagine the terrorist cells starting a project and getting all the FOMO warriors passports because they got in such a rush and turned off their brain.  Now you have real problems.

Good luck guys.

It's a real problem that should be solved by some most advanced KYC crypto project. The demand is now very high so I hope we'll see some KYC blockchain solution in a few months.

This KYC should be abolish because although it will give them comfort that their investors are real but the point of this KYC seems like nothing.
We can't guarantee that the identities we are getting are real because everything can be faked in internet. And the worst thing happen is that those persons who give their real identities will be facing some identity issues in the future like identity theft etc.
This KYC is non sense, and if they do really needs my identity information then I won't give them my real identity because everything can be edited and faked through the help of some computer applications like Adobe Photoshop.

[hrt197]

JPMOGAN does not even ask us for this level of identification when opening an account.

This is false.

I opened a credit card account with JPMorgan.  No id transferred hands whatsoever.  Careful making statements as fact you have no idea about.

[Ini35]

This seem to me the trend that some of these ICO projects are now following. I see it as an act that needs to be abolished. It is now good that some have started turning down such offer of release their personal information for a project that is supposed to be anonymous. This seriously needs to be checkmated.

[Norihiro]

No, that's not a point, dude. I don't think that those information which we submit at KYC is so vital - at international level it's nearly useless - what can a simple copy of a paper do? Or a photo? We always have our photos and so on in social networks and no problems with that.

[Kavallo]

What you are saying is the voice of reason. Unfortunatelly there are so many weak minded people here around who would give away whatever just for the dream of a few free worthless coins, and they are setting the standard. If those weak minded would refuse to give out their data, people would have to stop asking data to them, or lose all collaborators.

[TheAlchemist]

But what is the way out of this situation? I will admit I want to participate in a different ICO's with KYC. And I do not want to buy any stolen documents. But I understand the danger. I hope that within a year or two there will be some sort of solution. Safety in our time is very important. (

[Yuuto]

That's a big if, if we can deny these invasive policies as a community. A few people not doing it doesn't make any difference.

And plus a lot of these policies are actually government endorsed which means that identity theft can easily be conducted with the story being "government forced me to do this so please hand me every single ID doc you own". Legit ICOs will suffer from this as well.

If you are being asked for excessive amounts of info and the ICO isn't a once in a lifetime profit opportunity, then just don't do it.

[goyald2801]

it is really serious concern , if we buy from ico we have to give ID , but anyone buying from exchanged need not to show any ID .

this is really shit ..  if no one give ID they will change the rules ..

[CherRic]

Be very careful sending in your passports and govt id's for KYC.  Your 1 scam project away from having your identity stolen for god knows what on an international level. 

Also look very closely at the "projects" asking for this.  One of the major points of crypto is to be anonymous.  Do not give this up.  If you keep sending in your "papers" to strangers you will get burnt eventually.

Think about what the authorities will say to you when your identity has been stolen.  They are going to ask why in the world you would give your personal info like this to a stranger on the internet.  It makes no sense on any basic level to give your info out like this.

JPMOGAN does not even ask us for this level of identification when opening an account.

Think about it please.

If we all deny the KYC projects this invasive procedure will go away.

To anyone who has been giving your passport online you had better get a service to help protect you from identity theft as you have handed your most personal of information to complete strangers you do not know.  They can use your passport for any reason including terrorist acts.

Imagine the terrorist cells starting a project and getting all the FOMO warriors passports because they got in such a rush and turned off their brain.  Now you have real problems.

Good luck guys.

This is why I am afraid to give my full private informtaion to airdrops that require KYC. I dont actually participate to those things. However, in terms of ICO investment, some also requires their investors to do KYC which isnbreaking the main rule of crypto, privacy. I hope this will not push through because they already see the effect of KYC

[ThachSanhTp]

Be very careful sending in your passports and govt id's for KYC.  Your 1 scam project away from having your identity stolen for god knows what on an international level. 

Also look very closely at the "projects" asking for this.  One of the major points of crypto is to be anonymous.  Do not give this up.  If you keep sending in your "papers" to strangers you will get burnt eventually.

Think about what the authorities will say to you when your identity has been stolen.  They are going to ask why in the world you would give your personal info like this to a stranger on the internet.  It makes no sense on any basic level to give your info out like this.

JPMOGAN does not even ask us for this level of identification when opening an account.

Think about it please.

If we all deny the KYC projects this invasive procedure will go away.

To anyone who has been giving your passport online you had better get a service to help protect you from identity theft as you have handed your most personal of information to complete strangers you do not know.  They can use your passport for any reason including terrorist acts.

Imagine the terrorist cells starting a project and getting all the FOMO warriors passports because they got in such a rush and turned off their brain.  Now you have real problems.

Good luck guys.

Use your driving license instead.
And do not post your email address in any forum because it will be collected then used for spamming/scamming purpose

[Bhosted]

I think that KYC is a very important thing in the crypt. Because the proof of identity protects against hacking and stealing data ...

[Blockpass.org]

Why is there not a blockchain solution for this? There should be some reliable organisation in a country that treats privacy seriously (ie. not disclosing info without a court order) that can certify your information and provide the KYC certification of the information required without disclosing your identity or handing over copies of ID.

There is! Check out Blockpass. https://blockpass.org/


Our app is in the app store and google play. It allows a person to have self-sovereign identity which they can distribute to people they trust. The data is stored on the users mobile device and is shared with merchants as currently, legal requirements stipulate that merchants must be able to view the data on you.

However, we have established a partnership with Edinburgh Napier university (https://medium.com/@blockpass/building-the-worlds-first-advanced-blockchain-identity-laboratory-c53842215ccb) to develop blockchain ID solutions that put the user and their privacy first - such as ZKP.

[LesterD]

its very threatening to us, since many campaign now starts to do KYC bounty campaigns because developers requires to have it. at first I support kyc process because I thought it is safe, and its good, but this issue might become the reason to use the identity of some users to illegal activities.

[Blockpass.org]

Everyone got used to sending that information, since most exchanges (unfortunately) require it.
I agree though, never send your private information to an ICO like ID data, they should not need it.

ICOs are required to carry out KYC if they want to operate in a regulated system. If at any point you are raising money, you have to do KYC or you will fall foul of legal regulations. That's the law as it stands.