KYC in crypto, does it really require?

[kimkibu]

We don't want KYC and we prefer to be anonymous, but in fact it is a legal requirement to join KYC ICO. So many ICOs want to KYC from investors to meet legal requirements.

[iamreal]

In my own opinion, KYC should only be required if you want to invest heavy amount of money into cryptos, I don't see any need to collect KYC for people investing just a mere $10k below, I am not in support of that.

[Cordwel]

KYC is a way to verify whether you are in a country that allows crypto or cross it. because some ICOs do not want to take the risk to allow citizens of a country to buy their coins. therefore sometimes I meet KYC not need an ID card or passport. be relatively safer

[berkat28]

yes right, KYC in crypto really needs it, but we also think so, it is worried that the kyc data we provide may be misused for purposes we do not want. If that happens, it will be very risky to have a negative impact on us.

[berkat28]

yes KYC really needs it so it's useless if a project ends up being a scam, in my opinion it is better for the team that the founder of a project to save time to do the examination in the form of participant's identity, they should think where there is a lack of a project that they trade all people.

[littleheart]

Im befuddled at first as well, realizing that we are required to present our basic data to the individual over the web which is an aggregate outsider to us. Be that as it may, one of the principle reason behind the KYC, is to shield us and the future financial specialists from any deceitful exercises. Presently, in case we're excessively perplexed the our information may fall into the wrong hands at that point better complete an exhaustive research on where you need to apply for KYC confirmation.

[nurulhmani1280wat]

yes right KYC in crypto really needs it, but the project team must secure our identity as well as possible so as not to fall into the hands of the wrong people and we are very at risk, if there is a charge of criminalization by those who are not responsible.

[gredisgold88]

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 .

This kind of thinking that makes crypto is considered bad by the government, just to do the anti-money laundering process which is important for security, still complaining.

[5stringer]

I recall my first interest in digital currency, I put resources into one anticipate and I got a message to finish my kyc before I can get paid. So tragic that I fizzled the kyc on the grounds that my photos were not clear and a ton. This extremely terrified me of kyc issues. They truly encourage a ton however I didn't profit.

[asraaf8687]

I strongly agree that KYC in Crypto needs it, because the only thing that prevents people from cheating on the project, when the project is going well, with the presence of the Kyc, the participants do not dare to make crimes or money laundering.

[arienna23]

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 for formality only to avoid authorities. Some of them collect your data and sell it in black market specifically airdrop. I would suggest you avoid an ICO that has a KYC requiments, besides it is more risky to invest IN ICO today than known stable coin. I suggest you buy ICO after it suffer a huge dump to lessen your losses.

[ivandu]

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 for formality only to avoid authorities. Some of them collect your data and sell it in black market specifically airdrop. I would suggest you avoid an ICO that has a KYC requiments, besides it is more risky to invest IN ICO today than known stable coin. I suggest you buy ICO after it suffer a huge dump to lessen your losses.

thats not fully true, kyc applied to avoid money laundry that usually come from criminal source.and also the developers team want their project should not have trouble with SEC about their investor funding source.

[adamtruong]

I suppose the KYC problem is not necessary, since this is a short term solution to restrict the cheat status of some people. The nature of the ICO project when there are bonus programs is encouraging and creating opportunities for many people to know more about the project. I think there should be better solutions to both projects and participants to benefit

[SFMiner]

Its exactly how things function now. They are endeavoring to get more data as a result of directions, KYC is required in truth there are ICOs not available to be purchased to US and Chinese nationals because of the nation's controls. A few sections of the world simply don't have tight controls so we are welcome yet I question some are available to sending their information to these group. My sibling overlook his tokens purchased from ICO which is about 3ETH worth since it asked his points of interest.

[ryan2018]

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 .

I don't agree with KYC on crypto. The definition of blockchain itself is actually intended for people who want to invest their funds unnoticed by anyone, even KYC requests can be a misuse of personal data.

[Godday]

I suppose the KYC problem is not necessary, since this is a short term solution to restrict the cheat status of some people. The nature of the ICO project when there are bonus programs is encouraging and creating opportunities for many people to know more about the project. I think there should be better solutions to both projects and participants to benefit

KYC is important. An investor's data will be known and will become a benchmark later whether the funds are indeed true of him or there are other reasons to invest

[PalindromemordnilaP]

Been into KYC thing few months after i participated in bounty campaign and i can remember, only seldom of bounty campaigns that require KYC for their bounty hunters. For investors, i think that's already a requirement for now before you can invest or buy their tokens in which investors are protected from having their money scammed.

[Coongcoonggg]

I hope that it will be possible to implement a truly uncontrolled Internet, within which pure decentralization can develop along all the canons of cryptoanarchy.  Then KYC will not be necessary for us. In the meantime, let it be.

[bitok_1979]

I transfer KYC without hesitation in participating in generosity, I think that I am not doing anything illegal that would bother me about my future

[Lucas777]

I consider that KYC is not necessary at all. Not important you buy tokens or participate in the bonus program. All serious companies did not carry out it at all.