Bitcoin Forum
October 04, 2024, 09:03:29 PM
Welcome,
Guest
. Please
login
or
register
.
News
: Latest Bitcoin Core release:
27.1
[
Torrent
]
Home
Help
Search
Login
Register
More
Bitcoin Forum
>
Other
>
Beginners & Help
>
Why some ICO required KYC?
Pages:
«
1
2
3
4
[
5
]
All
« previous topic
next topic »
Print
Author
Topic: Why some ICO required KYC? (Read 468 times)
RadioYo
Newbie
Offline
Activity: 205
Merit: 0
Re: Why some ICO required KYC?
May 08, 2018, 06:09:57 PM
#81
It's a regulatory issue. It's not just KYC. It's KYC and AML.
https://imagizer.imageshack.com/v2/640x480q90/924/83FoS8.jpg
bubblebubble
Member
Offline
Activity: 616
Merit: 23
Re: Why some ICO required KYC?
May 08, 2018, 09:34:07 PM
#82
Many ico are starting requesting KYC also to Bounty hunters even if the revenue generated is not a pure investment.
I don't understand this logic.
malinda92
(OP)
Newbie
Offline
Activity: 8
Merit: 0
Re: Why some ICO required KYC?
May 09, 2018, 04:59:56 AM
#83
Quote from: bubblebubble on May 08, 2018, 09:34:07 PM
Many ico are starting requesting KYC also to Bounty hunters even if the revenue generated is not a pure investment.
I don't understand this logic.
I think they doing it to avoid scammers to make multiple submissions, so it's good to other bounty participants & project it self!!
bubblebubble
Member
Offline
Activity: 616
Merit: 23
Re: Why some ICO required KYC?
May 09, 2018, 05:19:57 AM
#84
Quote from: malinda92 on May 09, 2018, 04:59:56 AM
Quote from: bubblebubble on May 08, 2018, 09:34:07 PM
Many ico are starting requesting KYC also to Bounty hunters even if the revenue generated is not a pure investment.
I don't understand this logic.
I think they doing it to avoid scammers to make multiple submissions, so it's good to other bounty participants & project it self!!
I agree with you but I think that this is a work of bounty admins and cannot be delegated to the KYC
Dhanushka
Member
Offline
Activity: 238
Merit: 10
Re: Why some ICO required KYC?
May 09, 2018, 06:35:30 AM
#85
KYC means Know Your Customer.. So new ico's gathering information before selling. Then they can prove their tokens won't use for illegal processes.
◉
ORET - When gold meets blockchain technology
◉
❝ Gold Mining & Blockchain Technology ♦ Paraguay Mineral Mining S.A. (PMMSA) - Up to 45% Dividends ❞
WHITEPAPER
✤ ─────
Facebook
⋆
Twitter
⋆
YouTube
⋆
Telegram
⋆
Medium
⋆
Discord
───── ✤
BUY ORET
Dhanushka
Member
Offline
Activity: 238
Merit: 10
Re: Why some ICO required KYC?
May 09, 2018, 06:36:51 AM
#86
Quote from: RadioYo on May 08, 2018, 06:09:57 PM
It's a regulatory issue. It's not just KYC. It's KYC and AML.
I don't get you my friend. What do you mean by AML ? Is it about anti money laundering ?
◉
ORET - When gold meets blockchain technology
◉
❝ Gold Mining & Blockchain Technology ♦ Paraguay Mineral Mining S.A. (PMMSA) - Up to 45% Dividends ❞
WHITEPAPER
✤ ─────
Facebook
⋆
Twitter
⋆
YouTube
⋆
Telegram
⋆
Medium
⋆
Discord
───── ✤
BUY ORET
Ancient skills
Newbie
Offline
Activity: 108
Merit: 0
Re: Why some ICO required KYC?
May 10, 2018, 10:40:31 PM
#87
It looks like it helps to get a listing on good exchanges where KYC is required.
cutikanzilong
Member
Offline
Activity: 210
Merit: 10
⇾
Re: Why some ICO required KYC?
May 10, 2018, 11:43:33 PM
#88
Each ICO has its own policies towards its investors. There is a policy that prohibits investors in a country to follow its ICO. Therefore the function of KYC in my opinion to see the data for investors and do not violate the rules made ICO. But behind it all there is a downside, that we are all worried about our data that may be misused
kimochidesh
Sr. Member
Offline
Activity: 518
Merit: 257
Re: Why some ICO required KYC?
May 17, 2018, 08:32:44 PM
#89
There are many reasons for this:
1. If an ICO can demonstrate proper KYC then it will be possible for all parties to establish credibility with banks and follow Anti-Money Laundering regulations. Voluntary compliance thus gives a project and its participants a stamp of legitimacy with regulators and banks.
2. Cryptocurrency exchanges are beginning to exclude cryptocurrencies that did not properly implement KYC processes. Thus, not running such checks poses a long-term risk to a project.
3. Voluntary KYC compliance may help ICOs reach a larger global audience and expand the number of jurisdictions in which they can take place.
4. To avoid the creation of fake ICOs.
Pages:
«
1
2
3
4
[
5
]
All
Print
Bitcoin Forum
>
Other
>
Beginners & Help
>
Why some ICO required KYC?
« previous topic
next topic »
Jump to:
Please select a destination:
-----------------------------
Bitcoin
-----------------------------
=> Bitcoin Discussion
===> Legal
===> Press
===> Meetups
===> Important Announcements
=> Development & Technical Discussion
===> Wallet software
=====> Electrum
=====> Bitcoin Wallet for Android
=====> BitcoinJ
=====> Armory
=====> Mycelium
=====> Hardware wallets
=> Mining
===> Mining support
===> Pools
===> Mining software (miners)
===> Hardware
=====> Group buys
===> Mining speculation
=> Bitcoin Technical Support
=> Project Development
-----------------------------
Economy
-----------------------------
=> Economics
===> Speculation
=> Marketplace
===> Goods
=====> Computer hardware
=====> Digital goods
=======> Invites & Accounts
=====> Collectibles
===> Services
===> Currency exchange
===> Gambling
=====> Games and rounds
=====> Investor-based games
=====> Gambling discussion
===> Lending
=====> Long-term offers
===> Securities
===> Auctions
===> Service Announcements
=====> Micro Earnings
===> Service Discussion
=====> Web Wallets
=====> Exchanges
=> Trading Discussion
===> Scam Accusations
===> Reputation
-----------------------------
Other
-----------------------------
=> Meta
===> New forum software
===> Bitcoin Wiki
=> Politics & Society
=> Beginners & Help
=> Off-topic
=> Serious discussion
===> Ivory Tower
=> Archival
===> Корзина
===> CPU/GPU Bitcoin mining hardware
===> Chinese students
===> Obsolete (buying)
===> Obsolete (selling)
===> MultiBit
-----------------------------
Alternate cryptocurrencies
-----------------------------
=> Altcoin Discussion
=> Announcements (Altcoins)
===> Tokens (Altcoins)
=> Mining (Altcoins)
===> Pools (Altcoins)
=> Marketplace (Altcoins)
===> Service Announcements (Altcoins)
===> Service Discussion (Altcoins)
===> Bounties (Altcoins)
=> Speculation (Altcoins)
-----------------------------
Local
-----------------------------
=> العربية (Arabic)
===> العملات البديلة (Altcoins)
=====> النقاشات
===> إستفسارات و أسئلة المبتدئين
===> التعدين
===> النقاشات الأخرى
===> منصات التبادل
=> Bahasa Indonesia (Indonesian)
===> Marketplace (Bahasa Indonesia)
===> Mining (Bahasa Indonesia)
===> Altcoins (Bahasa Indonesia)
===> Trading dan Spekulasi
===> Ekonomi, Politik, dan Budaya
===> Topik Lainnya
=> Español (Spanish)
===> Mercado y Economía
=====> Servicios
=====> Trading y especulación
===> Hardware y Minería
===> Esquina Libre
===> Mercadillo
=====> Mexico
=====> Argentina
=====> España
=====> Centroamerica y Caribe
===> Primeros pasos y ayuda
===> Altcoins (criptomonedas alternativas)
=====> Minería de altcoins
=====> Servicios
=====> Tokens (Español)
=> 中文 (Chinese)
===> 跳蚤市场
===> 山寨币
===> 媒体
===> 挖矿
===> 离题万里
=> Hrvatski (Croatian)
===> Trgovina
===> Altcoins (Hrvatski)
=====> Announcements (Hrvatski)
===> Off-topic (Hrvatski)
=> Deutsch (German)
===> Anfänger und Hilfe
===> Mining (Deutsch)
===> Trading und Spekulation
===> Projektentwicklung
===> Off-Topic (Deutsch)
===> Treffen
===> Presse
===> Altcoins (Deutsch)
=====> Announcements (Deutsch)
===> Marktplatz
=====> Auktionen
=====> Suche
=====> Biete
=> Ελληνικά (Greek)
===> Αγορά
===> Mining Discussion (Ελληνικά)
===> Altcoins (Ελληνικά)
=====> Altcoin Announcements (Ελληνικά)
=====> Altcoin Mining (Ελληνικά)
=> עברית (Hebrew)
=> Français
===> Actualité et News
===> Débutants
===> Discussions générales et utilisation du Bitcoin
===> Mining et Hardware
===> Économie et spéculation
===> Place de marché
=====> Échanges
=====> Produits et services
=====> Petites annonces
===> Le Bitcoin et la loi
===> Wiki, documentation et traduction
===> Développement et technique
===> Vos sites et projets
===> Hors-sujet
===> Altcoins (Français)
=====> Annonces
=> India
===> Mining (India)
===> Marketplace (India)
===> Regional Languages (India)
===> Press & News from India
===> Alt Coins (India)
===> Buyer/ Seller Reputations (India)
===> Off-Topic (India)
=> Italiano (Italian)
===> Guide (Italiano)
===> Progetti
===> Discussioni avanzate e sviluppo
===> Trading, analisi e speculazione
===> Mercato
=====> Mercato valute
=====> Beni
=====> Servizi
=====> Esercizi commerciali
=====> Hardware/Mining (Italiano)
=====> Gambling (Italiano)
===> Accuse scam/truffe
===> Mining (Italiano)
===> Alt-Currencies (Italiano)
=====> Annunci
===> Raduni/Meeting (Italiano)
===> Crittografia e decentralizzazione
===> Off-Topic (Italiano)
=> 日本語 (Japanese)
===> アルトコイン
=> Nederlands (Dutch)
===> Markt
===> Gokken/lotterijen
===> Mining (Nederlands)
===> Beurzen
===> Alt Coins (Nederlands)
===> Off-topic (Nederlands)
===> Meetings (Nederlands)
=> Nigeria (Naija)
===> Politics and society (Naija)
===> Off-topic (Naija)
=> 한국어 (Korean)
===> 대체코인 Alt Coins (한국어)
=> Pilipinas
===> Altcoins (Pilipinas)
=====> Altcoin Announcements (Pilipinas)
===> Pamilihan
===> Others (Pilipinas)
=> Polski
===> Tablica ogłoszeń
===> Alternatywne kryptowaluty
=====> Nowe kryptowaluty i tokeny
=====> Tablica ogłoszeń (altcoiny)
=> Português (Portuguese)
===> Primeiros Passos (Iniciantes)
===> Economia & Mercado
===> Mineração em Geral
===> Desenvolvimento & Discussões Técnicas
===> Criptomoedas Alternativas
===> Brasil
===> Portugal
=> Русский (Russian)
===> Новички
===> Бизнес
=====> Барахолка
=====> Обменники
===> Идеи
===> Кодеры
===> Майнеры
===> Политика
===> Трейдеры
===> Альтернативные криптовалюты
=====> Токены
=====> Бayнти и aиpдpoпы
===> Хайпы
===> Работа
===> Разное
===> Oбcyждeниe Bitcoin
=====> Новости
=====> Юристы
=> Română (Romanian)
===> Anunturi importante
===> Offtopic
===> Market
=====> Discutii Servicii
===> Minerit
===> Tutoriale
===> Bine ai venit!
===> Presa
===> Altcoins (Monede Alternative)
=====> Anunturi Monede Alternative
=> Skandinavisk
=> Türkçe (Turkish)
===> Bitcoin Haberleri
===> Pazar Alanı
===> Madencilik
===> Ekonomi
===> Servisler
=====> Fonlar
===> Proje Geliştirme
===> Alternatif Kripto-Paralar
=====> Madencilik (Alternatif Kripto-Paralar)
=====> Duyurular (Alternatif Kripto-Paralar)
===> Konu Dışı
===> Yeni Başlayanlar & Yardım
===> Buluşmalar
=> Other languages/locations
Loading...