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Author Topic: AML/KYC Explained  (Read 201482 times)
Isaremj3
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January 16, 2018, 02:05:48 PM
 #161

KYC issues I don't really know why also this happen this day, but I think their is good reason for introduction of kyc. Also, on the part of KYC body let the verification be fast so that it will ease people.

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daynnite
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January 16, 2018, 08:47:56 PM
 #162

Actually I think that soon the majority of blockchain businesses will use AML and KYC.
hmm very bad
Denijal
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January 17, 2018, 09:12:23 AM
 #163

I don`t feel really safe with all of this KYC procedures. I am participating in many ICOs, many KYC.
Too much KYC, too much documents I left all over the place. And I wouldn`t like to be misused one day.

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Kapz786
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January 18, 2018, 08:26:09 AM
 #164

I don`t feel really safe with all of this KYC procedures. I am participating in many ICOs, many KYC.
Too much KYC, too much documents I left all over the place. And I wouldn`t like to be misused one day.

Totally agree it's all a bit questionable with passport photo's, driver licences etc. all floating around.
Emmanuel95
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January 19, 2018, 07:14:40 PM
 #165

What is the important of kyc? It is just waste of time during ICO. The main important thing is that you should tell the participate those countries that can not take part in your ICO.

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January 20, 2018, 04:50:06 PM
 #166

Maged once again I have looked up what you have put together here and read through it. Just wanted to say thank you for this highly informative text, which nowadays will play a rising role and of course also in the way clients will evaluate exchanges and their offerings and how they deal with their personal data.   

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January 21, 2018, 07:41:32 AM
 #167

Is KYC really neccessary?,. I don't feel good at it, maybe because, there's too much documents to provide,. witch is really unsafe for whatever accounts that we have. passwords for example, it can possibly be traced using all the information they gother., maybe a valid Id will do. just for a bit of information of you client.,

If you trust the Company, and it is really for the safty of the account, Exert effort, do research.
CoinLion will use KYC processes and comply with AML (Anti Money Laundering) laws. CoinLion
provides quick and easy identity authentication services. With a same-day identity verification
policy.



dx_twisted
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January 21, 2018, 10:18:19 AM
 #168

Is KYC really neccessary?,. I don't feel good at it, maybe because, there's too much documents to provide,. witch is really unsafe for whatever accounts that we have. passwords for example, it can possibly be traced using all the information they gother., maybe a valid Id will do. just for a bit of information of you client.,

If you trust the Company, and it is really for the safty of the account, Exert effort, do research.
CoinLion will use KYC processes and comply with AML (Anti Money Laundering) laws. CoinLion
provides quick and easy identity authentication services. With a same-day identity verification
policy.




KYC is important with banks so to know the information of a person wether all his money that he got came thru legal or illegal matters. With that, its easy to know if a person commit crimes that involves money or cryptocurrencies which will be the solution regarding the anonymity feature of the majority of digital coins. As per AML or Anti Money Laundering, this is to prevent illegal hoardings of coins which again, came out for heinous crimes such as drug related, syndicate, fix gambling, etc. It doesn't mean we don't have control of our coins, it's just that it will monitor each person's holding assets that will make the digital economy fair and safe to invest with.
merz123
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January 24, 2018, 11:13:24 PM
 #169

Honestly, I am really afraid with this KYC thing, what if they are going to use our info against us or maybe they have some plans about our data in the future. But with the recent trend, especially joining ICOs, they now require KYC. I am afraid but I also want to make money. No choice?
dfalkman
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January 25, 2018, 07:41:50 PM
 #170

Did anyone see the SimpleToken ostKYC announcement? Is this something that will be of interest for other ICOs? https://medium.com/simple-token/introducing-ostkyc-the-complete-kyc-whitelisting-solution-for-icos-powered-by-ost-8027728df59d

https://deeponion.org/apply.php?ref=dfalkman
mitrade
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January 25, 2018, 11:09:27 PM
 #171

Actually I think that soon the majority of blockchain businesses will use AML and KYC.

that would suck....so much for anonymity
Kahhar
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January 26, 2018, 05:02:35 AM
 #172

The KYC/AML/money transmitter/fincet stuff makes the barrier to entry high for new exchanges and the like to come online; a service which handles all of this for new businesses so it only has to be done at one place and can be used everywhere else would be "top shelf."

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cryptomadu
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January 26, 2018, 06:30:42 PM
 #173

Really helpful information for the newbies like us. To be honest previously I didn't know actually why KYC and AML for. But now I know it is a MUST for our own security. Thanks for this information.

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jackkarwella
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January 28, 2018, 10:13:14 PM
 #174

very nice work thanks dear Cool

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blocklife
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January 29, 2018, 10:44:11 AM
 #175

Can you explain a bit further what this means. for the future of exchanges and trading ?

would there be some such point where users will be removed for non-compliance even if they have an active balance

and how would decentralised exchanges work if there is not way the user identified themselves talk more of a kyc


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honorato
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February 03, 2018, 01:45:11 AM
 #176

Is KYC now mandatory for all new ICO.. seems every ICO now is implenting KYC..

Is it better to go for ico or wait for exchnges

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fastlan
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February 03, 2018, 08:21:35 AM
 #177

if anyone is looking for a great way to keep up with bitcoin trading on the go try this app out! works great for busy people like myself..http://aa1f1djq5joa9y83x1zki-gu1z.hop.clickbank.net/
shadyrifles
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February 03, 2018, 05:48:32 PM
 #178

(AML) Anti-Money Laundering and Know your customers (KYC) they have emerged focus area for financial services to institutions. It's good to see the implementation of AML/KYC in ICO's which helps the organization to prevent fraudulent transactions.

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February 04, 2018, 12:45:10 AM
 #179

KYC is good. But frauders are intelligent they know how to  protect themselves. They know how to keep their real identity. They can scam if they want.
shan05
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February 05, 2018, 01:15:16 AM
 #180

Thanks for pinning this thread.  I'm quite nrw to this KYC.  I have a lot of questions answered by this thread. More and more projects now are using KYC. This only shows that developers really is concerned with the investors safety.

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