KYC in crypto, does it really require?

[a4illusionist]

I don't think its needed actually. Its just against the core concept of cryptos and that is anonymity. KYC just kills that concept and i don't think KYC will ever prevail. Once the market goes up then the projects with KYC might not be that attractive for the community compared to the ones that dont require KYC.

[1714165485]

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[AlexVoron]

I consider KYC unacceptable for cryptocurrency. The idea of creation bitcoin and blockchain technologies was based on decentralization. And KYC is a procedure, when each participant sends his identification card to lateral project. It is incorrect!

[Kevinatin]

I consider KYC unacceptable for cryptocurrency. The idea of creation bitcoin and blockchain technologies was based on decentralization. And KYC is a procedure, when each participant sends his identification card to lateral project. It is incorrect!

You are absolutely right, this is unacceptable and contrary to all ideas of the blockchain. However, government regulators have a different opinion about this.We must certainly oppose this phenomenon, in the name of our own full freedom.

[Aroma92]

We want cryptocurrencies to be decentralized, but unfortunately this will not happen, the government will intervene and everything will be controlled. Companies that conduct ICO try to protect themselves from problems with the law. In a few months, they may introduce certain laws under which companies that did not conduct KYC, will not be legal.

[sale.kripta]

I believe that if an investor has decided to invest in a crypto project, then go through KYC, this is normal. But it’s not normal for an AUPA member or a bounty to go through the KYC.

[waitforme]

This is a mandatory requirement for verifying the owner's identity of the investments. In some countries, the call for capital is control by the government, and they require companies to disclose identity and capital contributions from investors for transparency of funds.

[Yarex]

KYC is needed only for one reason or another to restrict payments to bounty hunters. Everyone says it's good to fight multi-accounts. However, it is not difficult for dishonest players to buy databases on the Internet and go through KYC, even with all accounts.

[Adenthove]

KYC is needed only for one reason or another to restrict payments to bounty hunters. Everyone says it's good to fight multi-accounts. However, it is not difficult for dishonest players to buy databases on the Internet and go through KYC, even with all accounts.

KYC is not needed. Anyone that wants KYC inside of Crypto is going to want it for some bad reason.

[jerrison]

i personally do not consider the kyc process an important thing in the bitcoin era as it is a way of disclosing the identities of individuals but then major orientation of the blockchain technology is not to disclose one's identity but to keep discreet all transactions from the encoder to the decoder. over time when the world gets to generally accept cryptos. KYC will not be considered anymore

[GameLe]

KYC means know your customer
and it is needed for security. it is good for projects holders and customers so far.

[Btcirene88]

Well, for me as a bounty hunters KYC its not necessarily required to submit for receiving token upon distribution because we are the workers in promoting the products not an investors, working on ICO's for two to three months are really deserve true real person not a criminals. Infact we see the track records of bounty participants status and ranks.

[michael23]

Unfortunately, the reality is that in order to participate in better projects you need to pass KYC, of course there are fraudulent projects which also request KYC, but increasingly it is good projects that require their investors and participants of bounty companies to provide their data.

[Thefrolly]

It does not really require and if you ask me I think the idea of kyc is ruining everything that the cryptocurrencies stood for when they first came out. There is so much that people want to do with cryptos but now we have to have our ids out with our transactions and that is making cryptos harder to use. If possible the whole idea of kyc has to be thrown out

[raptorez]

Personally, I see only the danger that can come very quickly, because your data gets into the network, and as you know, the network does not forget anything that gets into the network, it does not return from there.

[jatin729]

First of all i want to say no to KYC because in this information is really confidential so if project need kyc than they should be liable to store data secure without leakage because data might be use for some illegal activities.
But there is positive also if KYC is there than company can get to know who are the investors like in stock market we have many norms regulation for purchasing and buying shares it is same thing in ICOs also.

[bastian466]

Of course not all projects require it , but now most projects require it , I'm certainly against kyc because I want to remain anonymous , and now clamped with these rules!(

If you oppose it means you are wasting your own work which means you will not get paid if you do not fill in the KYC. rules are created to be obeyed to make things better

[Chacha1000]

Not all project require KYC, the ones that require KYC are so because of the restrictions in some certain countries

[bandungan]

kyc in crypto is very much needed because there are so many issues that diverge in the use of crypto where crypto is used for crime, so the use of kyc can be used to identify anyone in that position.

[Zhenka]

I think that kyc in crypto is normal, but only for those people who are investors. For bounty hunters in Bounty, in my opinion, this procedure is very complicated and unnecessary. It is good that many companies do not require kyc.

[terencio]

I believe when performing a KYC there should be threshold ,like if you invested this much KYC is required. For a small investor KYC is not needed.