Why KYC is important?

[martyns]

if I think only one that makes kyc important, that's the clarity of the client.
because to abstain from bad things ..
or the misuse of crypto, it really guarantees a positive side in public view.

[exbase]

fuck me... BUT YOU JUST LIE.
If someone want to take 50 BTC from our exchange... then there are ways how to be sure is it really da same guy AND WITHOUT KYC.

you are FBi, Cia, NSA puppy if you posting messages like that "KYC is HAPPYNESS"

[indodaks]

KYC aka know your customer is needed because it will have a positive effect on the world of cryptocurrency and increase investor confidence because KYC can facilitate an ICO project into a credible project for the government,

[Leetukyang]

KYC is stands for "Know Your Customer" and i think this is a system that identifies the true identity of a participants. And this KYC is important in order to validate cheaters and those scammers. But sometimes it can be used also by those scammers also by pretending to have a n ICO and will ask your information for their own benefit like using your information for bad intention and  this is the disadvantage of KYC system implemented.

This is a simple yet a good explanation how "know your customer works"  . They need so that we can first know their customer very well and second for the security of their customer. That we can guarantee that our tokens are safe to be distributed to us.
I dont think there is a disadvantage in kyc system. It helps customer a lot.

[HyunBin]

For the forum, there is a policy in one account per one person. The KYC system is what the ico founders need for them to be sure that their tokens are distributed equally to each and every member of this forum who join their campaign. It is important so that they can know their customer and for able to retain the value of their tokens to the market.

Also I guess it is important for the customer because they can feel secure for all their tokens. Having kyc is a win-win for both investor and ico founders.

[exbase]

DO the KYC and be safe and free to execute your business without stress.

REPORT YOUR NEIGHBOUR.
He can be a terrorist.
Report your mom.
Report your dad.
KILL THEM.
AND your business will be without stress.

[SantiagoEmz]

I heard "kyc system" before and how it works. For me this is a advantage for all of us who also join to signature campaign. By this we can claim our tokens without any treat of stealing.
I feel secured because of this kyc system.

[Yaminat]

DO the KYC and be safe and free to execute your business without stress.

I do not mind paying taxes, I want to conduct my business normally, but where is the guarantee that my personal data will not fall into the hands of scammers and intruders? ((

[jacmaniac]

Great article,thanks for your sharing

[putrisa]

actually from KYC it is very profitable for the founders of ico because it can avoid any money sourced from terrorists or from countries that are banned from participating in ico and not only that with the KYC are all recorded easily and make the regulation of the ico becomes clean.

[exbase]

actually from KYC it is very profitable for the founders of ico because it can avoid any money sourced from terrorists or from countries that are banned from participating in ico and not only that with the KYC are all recorded easily and make the regulation of the ico becomes clean.

Sure. And please now the story about Cinderella.

[PrintMule]

Yes, KYC is important. But we can not send our information to anyone. This is very risky. What can we do with our information? Our step may be succulent. Everything can happen.

[extremegym]

Great article, thanks for your sharing.

don't forget there's another side of the coin: kyc also could be very dangerous – u provide all info about u, which mean u provide everything to track ur funds.

[neths29]

Does security and safetyness important to you? If yes then KYC is important like your security. It provides you own protection to your tokens.
Given that you give some of your information , the ico founder just wanted to distribute all your tokens to corresponding owner.

[hummer113]

I was attracted to cryptocurrency anonymity, and so I do not really understand why I have to pass kyc, I hope in the future less projects will do it.

[NinjaCryp]

KYC is important to an ICO project because of many factors: - the project knows who its customers are, including the region, the country. It can measure the number of potential customers and have the appropriate marketing plan to bring high efficiency. In addition, KYC also ensures the authenticity and compliance with the rules on limiting the issues involved in trade and finance.

[jeronimosuykens]

Does security and safetyness important to you? If yes then KYC is important like your security. It provides you own protection to your tokens.
Given that you give some of your information , the ico founder just wanted to distribute all your tokens to corresponding owner.

KYC is currently being used extensively in ICO projects because it helps to verify the identity of investors in order to limit the rate of scams and to seize the coffers of wealthy investors. This is very beneficial for ICO projects that want to develop long term and I quite agree with the KYC verification request from ICO projects that I have participated in.

[boty]

yes of course KYC is very important because with the KYC all bounty campaign participants and participants from ico can be seen from anywhere because usually in every ico have their respective rules in every country that is prohibited to participate in ico.

[AlexKr]

In real life, we are asked for our data in hospitals, banks, etc. and there is also no guarantee that they will not fall into the hands of scammers.

[extremegym]

I was attracted to cryptocurrency anonymity, and so I do not really understand why I have to pass kyc, I hope in the future less projects will do it.

governments want to control everything to provide their safety so it's no miracle they want to kyc everyone.