KYC registration for ICOs? How do they verify?

[Xcvbkol]

The current KYC process is inefficient and a breach of privacy laws. If we can't have crypto without KYC then the least we can do is find ways to make it as painless as possible, minimizing privacy risks and maximizing efficiency. That's why I support blockchain ID projects like VeriMe.

I agree. Currently, the passage of KYC threatens the safety of people and this contradicts the principles of blockchain

[Daffadile]

They just checking if you are really not a U.S citizens because the SEC's has prohibited all of the citizens of america to join any of these countries,these ICOs are only following SEC's regulations so they wont have any problem with their ICO phases,KYC verifications will only require you to send your IDs so they would know if you are from U.S or not,so they can be sure that they wont violate the  SEC's regulations.

Bullshit dude. It is up to you to know the law in your own country.  You agree to it when you invest. You don't need KYC you should know the law.

[terible.hunter]

Very many in this forum speak out negatively about the KYC procedure, I will not break this tradition and simply add that people who share their personal data probably just do not understand what it can lead to.

[vrabac68]

KYC when you give only your personal details with passport its ok for me .You are not giving something more private like keys to your wallet
What can happen if they know your address?nOthing

[The Iconoclast]

At present it's very simple to send fake I.D. because they don't have the possibiity to verify any passport.
And - as it's very risky to send your data to unknown entity - for sure it's better to send fake ones.
But probably in the future this won't be possible anymore.
Bye bye privacy...

[Haley craft]

So most of the time, you can use the KYC verification, because they don't have any way to verify the correctness of the KYC information, because they don't get help from all countries, so most of the time, I think it is dangerous to submit KYC information,

[crypto1010]

Articles out there where the terrorists are using fake/stolen passports.

https://identity.utexas.edu/id-experts-blog/the-link-between-identity-theft-and-terrorism

Maybe we shouldn't be passing our passports to everyone to get into crypto.  Imagine a huge terror attack and your on the news because you sent in your passport for KYC and the world is looking for you!

come on dude don't make this sound funny honestly from a simple KYC of an ICO and later land yourself to be a terrorist on the news....

I dont even want to imagine the reaction of everyone that knows me and how all security wings would respond to this but I really think we should be cautious about this whole KYC process be this is not a light issue to brush off.

[cryptokingdom]

If the team really go through all the KYC, they will be able to spot out fake means of identification. There are so many things on the passport or government issued Id that can make someone to differentiate the original and the fake.

[frchowe214]

I don't know if they actually bother to verify, it would probably cost them money to check each application and it will take a long time administratively. The question is where people get these fake IDs, do people actually scour the dark web to find them?

[Faeton]

I believe that any ICO project that requires your personal data is SCAM! There are no legitimate reasons for this, for this I pass by such projects. The same goes for AirDrop.

This is the right statement and the right decision. In the ICO, they can only visually inspect the provided data and compare it. They have no authority to check them. Therefore, they only collect confidential information, for the safety of which they do not bear any responsibility. Due to its uselessness, they can sell it to various attackers. With such a large number of fraudulent ICOs, we also give them our identification data and copies of documents.
This is especially true for participants of the ICO generosity campaign. How can they launder dirty money if they don’t pay any of their money? This situation is absurd.

[Ward]

I think they look at your face, at your ID card and protective signs on it. I am not sure that on fake ID card will be appropriate protective signs.

[GmBoom]

It depends on the situation and who is in charge of the verification of the documents. But it is advisable to turn your official documents and not the doctored documents to ensure that your funds will not be hold or worst your funds get forfeited if found a fake document. 

[fuer44]

Articles out there where the terrorists are using fake/stolen passports.

https://identity.utexas.edu/id-experts-blog/the-link-between-identity-theft-and-terrorism

Maybe we shouldn't be passing our passports to everyone to get into crypto.  Imagine a huge terror attack and your on the news because you sent in your passport for KYC and the world is looking for you!

You're right, everyone can still make fake passports or fake their personal identities. perhaps a good step is to provide evidence from the police that it never violates the law. but I think that makes them too busy.

[CryptoBry]

I believe that any ICO project that requires your personal data is SCAM! There are no legitimate reasons for this, for this I pass by such projects. The same goes for AirDrop.

This is the right statement and the right decision. In the ICO, they can only visually inspect the provided data and compare it. They have no authority to check them. Therefore, they only collect confidential information, for the safety of which they do not bear any responsibility. Due to its uselessness, they can sell it to various attackers. With such a large number of fraudulent ICOs, we also give them our identification data and copies of documents.
This is especially true for participants of the ICO generosity campaign. How can they launder dirty money if they don’t pay any of their money? This situation is absurd.

I agree with this...we the ordinary ICO buyers, bounty hunters and the like are in danger because we are sharing our information and documents with people whom we are not sure what can do with those things we submitted into them. Until now, there is still no clear-cut solution for this dilemma. There must be a way where we can be authenticated without the need to submit to anyone those required documents and information. I am hoping that in 2019, we can be able to use the advantages of the blockchain technology for this situation.

[jambul_kribo]

Articles out there where the terrorists are using fake/stolen passports.

https://identity.utexas.edu/id-experts-blog/the-link-between-identity-theft-and-terrorism

Maybe we shouldn't be passing our passports to everyone to get into crypto.  Imagine a huge terror attack and your on the news because you sent in your passport for KYC and the world is looking for you!

You're right, everyone can still make fake passports or fake their personal identities. perhaps a good step is to provide evidence from the police that it never violates the law. but I think that makes them too busy.

but it could be minimize with making selfie photo by holding passport or national identity.personally i am  no agree cryptocurrency using kyc pass, becuase no regulation about crypto.

[awazieik]

How do they verify identity in KYC registration? If I had a fake Id from the EU and an address would that possibly work?

I believe that using your passport ID, they can check if your details are accurate. However, i also think that having the information is very important due to regulations. What is indeed important is knowing who is keeping your information as these days, identity fraud is very common

[cryptogeek101]

How do they verify identity in KYC registration? If I had a fake Id from the EU and an address would that possibly work?

To verify KYC in crypto ICOs ,many of the project admin uses special verification tools like high intensive scanner machines to prove the authenticity of the provided documents by relating the information you have provided during the registration on their site to that of the provided documents.

[xonecoinlovers]

That is indeed doing KYC is a pain, it's totally against the idea or cryptocurrency, that are build for anonymity. By doing KYC we'll be loosing that anonymity.
I really hope that we won't need to perform that KYC anymore.

[Rustamm]

They just checking if you are really not a U.S citizens because the SEC's has prohibited all of the citizens of america to join any of these countries,these ICOs are only following SEC's regulations so they wont have any problem with their ICO phases,KYC verifications will only require you to send your IDs so they would know if you are from U.S or not,so they can be sure that they wont violate the  SEC's regulations.

Bullshit dude. It is up to you to know the law in your own country.  You agree to it when you invest. You don't need KYC you should know the law.

Absolutely right. In my country there is a law on the protection of confidential information of citizens. My confidential information may be required from me only by specially authorized persons in specially provided cases. Why should someone violate this law only because the United States does not like its citizens to participate in ICO projects and thus they want to warn them against the possibility of material damage. Solving in this way, for their citizens, so that they don’t go where they don’t need, ICO teams violate the rights of all citizens of other states. Complete nonsense. In my opinion, it’s enough on the site to place an announcement that their government does not recommend US citizens to invest in ICO projects. And then let the citizens themselves decide what to do.
And at the same time they began to demand, just in case, to be tested by KYC in the participants of the ICO generosity campaign. And then why would they do this?

[Kool5]

Check passes in the manual. They donate to the passport base, and if all the crafts in a row are not there, they will send you a notice that everything has passed normally. I also sent KYC, and now I have been waiting for the third week.