KYC in crypto, does it really require?

[Kekenapep]

I do not really think it is necessary,though some campaigns request for it for some reasons which I'll outline here,while other are just following the bandwagon...one of the major reasons of KYC,which full meaning is know your customers,is to verify and make sure citizens from countries banned from cryptocurrency aren't involved in the campaign,another reason is so individuals will be dissuaded from using multiple accounts on the campaign.

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[PashVit]

I think that companies using KYC in bounty and airdrop  for prevent with multi-accounts. But probably someone using KYC to collect your personal data

I have always strained KYC this became especially strange when they began to demand in airdrop. Then I blew up completely. I think this attitude will deprive me of work, but do not step over yourself.

[Fantina]

Know your customer (KYC) is been used in crypto to know details about the people participating in a particular campaign. But in my own views, I guess it should be used for the investors and not the bounty hunters.

Support. But the reason that the hunters were also subjected to KYC is that in some countries, the cryptocurrency is prohibited and in the future may condemn the company for giving the currency to a citizen of such a country.

[nazaroenko1]

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .

Absolutely correct. It is very dangerous to give personal data to strangers. They can be used for fraud.

[Cryptocb]

Kyc is simply means know your customer as it name Applies, which is majorly used by investors, that deal with a high quantity of the token, hence bounty earn less which is not necessary for kcy.

[masterkiller]

I also don't understand why KYC is so needed for bounty participants, for ICOs it might be very important, because of the regulation of several countries, prohibiting ICOs and the like. but for participant bounty in my opinion it is less important, because participant bounty does not take part directly in a project, they are only marketing personnel with payment after the ICO is complete.

[coinbirds]

Only some of the ICOs asking for KYC for their airdrop and bounty campaign.
It is our decision if we participate in it or not.
There are so many ICOs which are not asking for KYC so everybody can select those ones if not willing to fulfil the KYC.

[ekowkow]

Currently there are many bounties from a project that requires KYC to get tokens, in my opinion the security of our identity can be guaranteed if the project is a quality project or not a scam project, if the project is a scam then the KYC we provide is only for people to use irresponsible, and that is very risky for us.

[cryptobrzy]

KYC helps projects to stay on the right side of the law as regards the people investing on the projects. However, for bounty hunters, this are not investors and they get paid, so I don't think KYC is necessary.
data provided during KYC are sensitive and most of the time bounty hunters are taking big risks with the projects they engage in because most projects are scams.

[mrSamuel]

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .

"KYC" is not found in every ICO and very rarely in the bounty and airdrop. Where "KYC" is required, I carefully check the developers of the project and the company's privacy policy.

[Bavaria]

Honestly i hate kyc.
But at the same time for crypto projects KYC is necessary for complying with a legal obligation.

[Dinsdendo]

I think that KYC in cryptocurrency is not needed because then anonymity is lost

[Reality5]

There is supposed to be no reason for cryptocurrency projects to require KYC. Even Satoshi himself and the founders never suggested ICO in cryptocurrency. It should be anonymous.

[kulas]

I think that KYC in cryptocurrency is not needed because then anonymity is lost

Agree, one of the nature of crypto is anonymity, then why some exchanges and ICO requires KYC? I know it would be use for some reasons but crypto is known for its anonymity and privacy.

[daxiake]

I think KYC is a good method.  I do not mind to share their data. This will help weed out a lot of scams. Also a bounty would be better with this check. A multi-client would be unable to work.

[nurulhmani1280wat]

in my opinion crypto really needs the first kyc to avoid cheating the participants who make a lot of accounts and money laundering or avoid fraud and protect the interests of project diversification.

[asraaf8687]

I think in Crypto it really needs kyc, because this prevents people from making multiple accounts and avoids money laundering or things that make fraud in the project.

[kingleo121987]

yes KYC is crypto, really needs it, maybe the team that founded their project wants to know and avoid cheating or money laundering in the project, but we must be careful about giving identity, because we are to avoid things that are not desirable.

[blockfame]

It makes sense if its a security token.

[qias2012]

in my opinion, the only kyc knows which participating customers support the project, which country they come from and the gender of the participants who join in.