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Pump N Dead
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October 11, 2018, 01:21:02 PM |
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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 never invest nor join in a campaign where there is a KYC requiments. I cannot entrust them my personal information and they are not qualified enough to handle our vital information. Stay away from ICO that required KYC to avoid future problem. |
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baconlike
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The Premier Digital Asset Management Ecosystem
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October 11, 2018, 02:31:45 PM |
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Yes, it is mandatory when we buy a coin in an ICO, but when they are traded, you can spoil it without KYC, which is extremely insidious of KYC. I think KYC does not aim at anything
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Maiscoinyelo
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October 11, 2018, 03:37:39 PM |
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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 think KYC in crypto may help us to remove those people who are using multiple accounts in a single bounty campaign so that when there are KYC it will be hard for them to join there multiple accounts in the bounty so it will be fair for those people who only used a limited accounts. |
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elenka n
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October 11, 2018, 03:53:33 PM |
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In general, there are many ICOs that do not require KYC, so it’s your right to which ICo you join!
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Anita1873
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October 11, 2018, 04:49:41 PM |
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My belief is that KYC is very important and effective tool to avoid multiple accounts by someone because no one can get the approval of the multiple accounts by KYC from any bounty campaign. This may work like a shield to protect the rights of real participants of any bounty.
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NLO
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MenaPay - Crypto made easier than cash
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October 11, 2018, 10:13:03 PM |
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I never do KYC in ICO, bounty campaigns, exchanges, etc. I never participate in such projects, prefer to stay away.
The 1st&main reason: cryptocurrency has been created as anonymous money and should remain like this. I don't see any need to broke this basic principle.
Another reason: i don't trust any of them so much in order to give them copies of my ID documents. I don't want if my documents would be stolen, or sold, or used in any other way, etc.
So it would be better to reject such projects for a safety, fortunately there is a wide choice of those who doesn't require KYC.
Fully agree, everything is correct. But our data has long been sold to someone. The largest databases are in banks and mobile network operators. |
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NLO
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MenaPay - Crypto made easier than cash
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October 11, 2018, 10:21:48 PM |
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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 never invest nor join in a campaign where there is a KYC requiments. I cannot entrust them my personal information and they are not qualified enough to handle our vital information. Stay away from ICO that required KYC to avoid future problem. Because of the data sales problems may be, but not as big as you think. No one will take loans on this passport, especially if it is an international passport. |
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spiker777
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October 11, 2018, 10:34:18 PM |
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Most crypto projects are just trying to conform to uncertain regulations, AML and KYC have their place in this. I don't think it's strictly necessary, but I think most projects are just doing as much as they can to ensure they don't get shut down or fined. Right now it's extremely difficult to know exactly what is required when the rules are changing so frequently.
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RondoAnyar
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$CYBERCASH METAVERSE
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October 11, 2018, 10:37:02 PM |
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kyc is still needed in crypto, this will be one of the benchmarks for identifying everyone in crypto, but I am more suitable if kyc is for investors only because investors usually have a large number of tokens and assets so they must be detected and for what they are use.
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pocketfullofpoke
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www.daxico.com
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October 11, 2018, 10:40:08 PM |
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Yes, it is mandatory when we buy a coin in an ICO, but when they are traded, you can spoil it without KYC, which is extremely insidious of KYC. I think KYC does not aim at anything
In addition to that, you are just letting someone have your vital information which may use against you in the future. It can happen because you are already giving them your information and it's easy for them to use your identity for some shady activity whenever they want. |
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cryptojac17
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October 11, 2018, 10:42:17 PM |
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Yes, it is mandatory when we buy a coin in an ICO, but when they are traded, you can spoil it without KYC, which is extremely insidious of KYC. I think KYC does not aim at anything
In addition to that, you are just letting someone have your vital information which may use against you in the future. It can happen because you are already giving them your information and it's easy for them to use your identity for some shady activity whenever they want. It provides a legit information to the project which you as their customer, needed to acquire some important details specially your proof of residency. Some scammers will not comply with this type of requirements, due to fraudulent intentions. This prevents cyber crimes if practiced by all crypto projects. |
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coinbirds
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October 11, 2018, 11:44:54 PM |
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KYC is needed when investing because of AML (anti money laundering) to stop the pracitce of generating income through illegal actions.
For doing airdrops and bounty it is not necessary as ICOs are paying you for for promoting their project.
If, some of them asks for KYC it is always on you to decide if you want to participate or not under KYC conditions.
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msbtrooper
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October 12, 2018, 12:14:06 AM |
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Most icos ask for kyc because of the regulation of SEC as they claim so that they won't be seeing as promoting money laundering. But we also have so many icos which doesn't require kyc, you can participate in such icos.
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redtag070
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Merit: 10
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October 12, 2018, 12:43:02 AM |
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I think KYC is necessary for users regarding the use of exchanges.
However, there is no need for KYC with airdrop etc?
Rather than running ICO and coins, KYC should be done and this should be released to the extent possible. They have run many projects and are running away.
This will eat Crypto's future.
So, we ask for ways to make it not to escape
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Rati24
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October 12, 2018, 05:13:40 AM |
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Kyc as for me not the necessary thing for ico and for bounty campaigne. It is not clear even how they keep it there for security or may even sell on the black market. They write that this is connected with money laundering, although they hardly pay taxes there. If someone gave their documents on ico, then they are already on the black market, probably, although this is not certain.
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milah_ah
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October 12, 2018, 11:41:43 AM |
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I see no reason to panic. I did not hide, so I went through this procedure without excitement. In fact, it is you who decide whether to participate or not.
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Stella27
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October 12, 2018, 11:56:50 AM |
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For ICO, KYC isn't required. There are numerous tasks that don't require KYC. I am really befuddled about the undertaking that requirements KYC. I likewise need to know why they require us to give this data. I don't think KYC is essential, so I seldom take an interest in ICOs that need KYC.
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apyong
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Activity: 182
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October 12, 2018, 11:57:34 AM |
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ICOs require KYC so that, there won't be any possibility of cheats to occur. Be that as it may, some cheat ICOs are exploiting the KYC framework and taking clients' characters and utilizing them to mine personalities. It has turned into an intriguing issue among the crypto network as of late, be that as it may, nothing had been done about it since this industry is as of now based on an undregulated space..
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Checkoi
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October 12, 2018, 12:04:15 PM |
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I am against it all. I believe that we can provide our data only to legal entities and not to any other person who wants to look at it.
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cutecute
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October 12, 2018, 12:05:03 PM |
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It is not for all of the ICOs that require KYC. There are a lot of ICOs out there that you can buy into without using KYC. That being said you might want to steer clear of ICOs that require kyc for you to invest in their projects. Reasons being that there are a lot of things that can be done with your sensitive information that you give to these people they can sell it on the dark web and you will have your identity stolen.
Though, not all ICO's require KYC in order for bounty hunters to proceed, KYC for me is not that really a requirement for a bounty hunter to do their job. KYC makes sense to detect if a bounty hunter uses many accounts in a campaign, but I think it is just a waste of time, ICOS will still succeed if bounty hunters and investors work hard for it. |
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