Sending in fake ID for KYC

[randyg29]

It must be assumed that the requirement for bounty hunters to be tested by KYC is generally illegal. This check is carried out mainly for the purpose of prevention of possible laundering of dirty money. At the same time, the ICO team itself simply has to save this data in case certain government agencies request data for specific individuals. The ICO teams themselves have not yet been duly tested and among them there is a large percentage of scammers. Therefore, it is very dangerous to transfer our data to them. Based on this, I fully allow the transfer of non-personal data to them.

KYC was basically implemented for good purposes but it was very ironic when the testers were not tested at all, in fact only a few people who did dirty money laundering and more ICOs were fraudulent so I think those who should give KYC are teams from the ICO so there is no scam

That's right mate it is implemented for a good purposes and I think that your also right that the teams from an ICO's have their KYC must be not be implemented not only for the participants who joined their campaign to prevent from getting scam.

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[babysweetTiger0401]

Sending your personal identification was a very risk decision, especially if the project campaign or the exchange asking for it.  But this will depend on your trust or beliefs of course. However, sending any fake documents for the KYC was an equivalent of offense or falsification of documents either. So the better things for us is that we need to make sure about the project or exchange if it is reputable or trusted one before we send our documents as well.

[andradwi]

be careful in using kyc, because now there are so many scam projects, Be careful, they seem to have very good projects. but after they get investors and are not responsible. they don't care how people help him in his project

[bitcoinbelieve]

be careful in using kyc, because now there are so many scam projects, Be careful, they seem to have very good projects. but after they get investors and are not responsible. they don't care how people help him in his project

Example, If I remember correctly, when "bitconnect" was rolling out with debit cards system, they (scammer) asked their user for some person information (name, address, maybe phone number) for the debit card. If you are not comfortable with KYC, just wait for the coin to be listed on exchange.

[marksayson]

Honestly, don't care for them, as long as you are complying with the strict rules and guidelines. It is their fault when their investment will be put to hold or even worst to be invalidate if found that their documents were faked.

[zero714309]

Sometimes I feel very disturbed with the presence of KYC, the reason is the same as what you said,a lot of people cheat. Even if we do protest I think until now cheating is still done primarily for airdrop-based exchanger. They like selling the data themselves only for the money. Our consciousness about the security of the data themselves is still lacking and even they use data other people they don't feel guilty at all.

[vanthanh1320]

I think the best thing to prevent that is to have the KYC verifier hold the full paper record, project name and signature. Often the web KYC simply take passport capture sefli is finished so easily pass the KYC test.

[MarchToke]

I really think that KYC is useless because of the fact that anyone can send wrong information or ID to the company. My question is, do they have a team that would do and investigation that would really tell the legitimacy of the person sending the ID?

[worldtraveller321]

more less you need a real id if your doing business an exchange that accepts credit card payments to buy new coin,
as you have to verify the credit card with id, that is where using a fake id would not allow transacation to go through

[kravas86]

This is quite a working way. I invested in projects passing KYC using false documents, I was paid coins and all is well. 

[Cmoh]

These days the security of personal data is very important. But, most of the ICOs are seeking the complete information with the authentic ID. While we talk about the decentralized and anonymous for the cryptocurrency so need for KYC. I think the guys who are supplied fake IDs are great people that they can defend the silly KYC process. As ICOs are benefiting the people's information so this faking is very essential.

[Go jack1]

may use kyc in the bounty, but please look again at the project, because now many kycs that are misused by irresponsible people, before renting the bounty it's good to see the whitepaper and see how the project goes

[Aroma92]

Many people use forged documents or downloaded data and documents from the Internet. On the one hand, it is unfair, on the other people want to protect their personal data. Attackers can use a person's personal data for selfish purposes.

[bbcolex]

Thats why I think its about time to improve KYC process like real time process, I encounter some verification where in they video chat their costumer just to prove their identity and fight identity theft and falsification. Documents can be easily faked so I think live verification could counter this somehow and lessen those cheaters.

[Ayomiqueen]

This really give me concern too, cause cryptocurrency is all about decentralized so why should we submit our ID to an online company that we don't even know how true they are or how save our datas are with them , we have seen a lot of hacked exchange or ICOs after ico and the funds just got missing and nothing happen so what could not happen with our data too if money can be stolen.
I don't in one second support the kyc of a thing in this decentralize technology and if it must then we are not talking about decentralize here.

[JaoBadjap]

I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do.  It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles.  How do these companies verify people if all they have to go on is public information?  Did they even really check the ID's or were they simply collected the data?  How rampant do you think this is?  How many of us are complete fools for turning in our documents when others simply faked it.  Now they have our data and the people who faked it are still secure.

NOT FAIR.

The KYC process itself is ridiculous.
why do we need to pass our personal information to the project owners.
when the core value of cryptocurrency is anonimousity.
right?
and if some people has a way to make it through the KYC process. i think theyre just thinking smart.
its not that fair, but i think its thats a good way to say stop this KYC.

[prostoFILIA]

I think KYC is generally a bad idea.To fake information although not very fair,but it is correct.

[Garrixx]

I share your opinion of the author. I think that either more stringent measures should be introduced or even a check on the person should not be

[JohnMacZeppelin]

I also heard about this and I think that in general it is possible and no one will be able to notice the difference, this is also not very good and I think that it will be generally improved, but the situation with KYC today has become very insecure.

[Lauren Smith]

“Decentralization in the purest sense finished about a year ago when all the stringent KYC/AML bullshit was implemented on the exchanges. The amount of surveillance you have to endure to trade crypto is almost as bad as when using banks. Yet very few people seem to complain about this, as long as prices are going up.”

Stop giving out your personal info. Would you give someone your personal info in a chatroom? Then why to strangers running something financial which makes it even more dangerous. I still want to kow how exactly you launder money. If you invest $200 how in the hell is that laundering money?? People launder like 100k not piss amounts.