Monthly income and Bank account statement for a KYC

[Kulafu]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

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[Magister Magus]

I hope you are kidding, this seems to me completely crazy, more over that it seems to me a malicious way to know your financial power just to understand how much they can steal from you!
Can you publish the site of this ICO, just to check?

[d57heinz]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Can you pm me the info.  Would also like to know more.

BR
Doug

[OluwaTosin10]

I think it is basically clueless for an ICO to request such personal documents
I’m investing in your ICO with my etherum/ BTC so it has nothing to do

I have to verify such claims too
Can you please post the link ??

[Captain_Planet]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Never apply those kiddish airdrops or ICOs where they ask for your personal confidential details.

[Tidsdilatation]

Which ICO is this? Does not seem serious. No KYC requires you to tell them your income. Thats crossing a big line in regards to privacy.

[Profuter]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Something new) I think it's definitely scammers. It impudence request such data, do not send anything to them.

[Powerpuff]

Can you post the name here? Because it wouldn't be right to say anthing without knowing details.

[Maveth13]

Haven't seen any ICO do this before. That's just a bit too much information to reveal. The basic KYC alone is hard to digest, considering part of the reason why people use cryptocurrencies is because of its anonymity.

[Moeda]

I do not agree with the KYC system applied to a bounty, because the KYC system is requesting personal data. While the cryptocurrency system is anonymous based. So obviously the opposite between the KYC system with Cryptocurrency system.

[reflector]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

So ignore those projects looking to know the KYC for investing the ICO projects. If everyone started ignore them none of the company will then ask to launch the ICO. For their earning purpose only they are creating the altcoin in the market with the best project idea if they have.
I believe the projects looking for KYC details from the Illuminaties side people and grabbing the real name of the investors on bitcoin and alts. Please all be anonymous in the market. Don't rip off your face.

[rost1989]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Please add more details. I know that some separate KYC services require such information. For example, if you make KYC through Bitcoinsuisse they will ask to put your salary income in several gradations (ranges), but they do not ask exact financial numbers of your salary. They do it AML check. But if its unknown service that asks your monthly income - it's quite strange. So be carefull.

[jereh988]

until now I still do not understand what is meant by the kyc, is there anyone can explain it to me.?

[Dutchyyy]

I hope you are kidding, this seems to me completely crazy, more over that it seems to me a malicious way to know your financial power just to understand how much they can steal from you!
Can you publish the site of this ICO, just to check?

Almost every second ICO now is requiring KYC and Income source to buy tokens. Usually for amounts over 5-10-15K.

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

If you are OK sharing your information with random team, using a unknown third party provider for KYC verification, go.
I'm not. I'm avoiding all KYC ICO's as they are corrupting the idea of crypto-currencies.

until now I still do not understand what is meant by the kyc, is there anyone can explain it to me.?

Google is your friend... What is KYC?

https://en.wikipedia.org/wiki/Know_your_customer

[lobo13hf]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

Yes i see some icos are looking for the potential investors just like those are having monthly income more than $10000. Kodak one is the ico that also applied KYC which asked monthly income as a requirement.
But can you tell me about what ico that applies that requirements?

I will never do that because there is a lot of other ico that doesn't require the participants to write their monthly income to participate in the ico. KYC is going crazy right now.

[ranman09]

Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?

KYC or Know You Client is used to, you guessed it, know or identify the identity of your client. That is why requirements are mostly.

• Passport
• Voter's ID
• Driving License

And I think it must not be to know your financial status. But maybe for large private investors or proposed directors, then that can't be KYC.

[anggriani]

Which ICO is this? Does not seem serious. No KYC requires you to tell them your income. Thats crossing a big line in regards to privacy.

That requirement has disturbed someone's privacy, as far as I know there are no projects that require such a requirement. I agree with you, that it has violated the privacy limit and I will not trust such a project.

If the op understands with kyc, then in kyc there is no requirement that requires us to provide financial status.
I'm afraid there will be other strange requests that they want.

[jacaf01]

I feel this is a joke but if this is true, the time to result to coin ming should please come back, people need to go back to crypto mine instead of these influx of useless ICOs asking for more than they required, I have said I won't be investing in any projects asking for more than it is neccessary, because most of these project are abusing our privacy

[Kulafu]

I hope you are kidding, this seems to me completely crazy, more over that it seems to me a malicious way to know your financial power just to understand how much they can steal from you!
Can you publish the site of this ICO, just to check?

It's okay to publish it here? I might violate something.

[Kulafu]

Can you pm me the info.  Would also like to know more.

BR
Doug
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PM sent