KYC for ICO, is it good or bad idea?

[bitbabba]

I think for a certain amount kyc shouldn't be needed, like for 10000 Usd. Small investors don't like to share private information with somebody they don't know. (I hate it actually)

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[insidertradingeverywhere]

Why not? For more than 8 months KYC is a usual standard in crypto, so I don't see something strange in passing KYC procedure.
For me it is easy, I have nothing to be hidden

[lutcor]

Earlier, when the process was only integrated, I thought that this process was very cruel to investors, because the investment was only to take place through the KYC process, nothing has changed today, but I begin to suspect that this was done against investors.

[fanji]

I strongly agree with the KYC policy (Know your customer) on the ICO project because it is essentially to find out who the project investor is, to prevent suspicious transactions, the Cryptocurreny company implements an anti-money laundering (AML) program and prevention of terrorism funding, information I compiled from several articles on the internet that ICO or Cryptocurreny are very often made money laundering places.

[LastRolling]

I don't support KYC in ICO. It doesn't matter how little the informations are, I don't want to share with them. It's like fiat banks and government all over again.

I agree, for me sharing are informations with ICOs aren’t that necessary it’s like sharing your private key to strangers you don’t know what or where they’ll use your info.

[metalglowd]

in my opinion it is worth thinking about, because for some big people who have names. KYC in the ICO is something that can be disturbing us in the future. If indeed the ICO has reliable teams and partners, KYC may not be a problem. besides with KYC, our access will be made easier to more know about the project

[dizzy1996]

of course yes! This is the process of confirming the identity and it is a guarantee that the person is confirmed and does not make the content from other accounts. The project itself wants to save itself

[Do4a]

I believe that when investing, everyone should remain anonymous and all these identity checks can very badly affect us. Personally, I try never to send my documents because it is dangerous

[tramadols]

Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP,  use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.

I think you are part of a bounty hunter, of course nowadays almost all KYCs are always included, both for investors and bounty hunters like us. there are advantages and disadvantages behind it all, we all know that our data can be used for crime. this is hard to reject because otherwise we won't get anything

[ORCHIDKA]

If KYC for investors I think it's a good idea. But still personal data must be stored very safe in that way.

[kalstarzz]

Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP,  use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.

I think this is good, because anything can happen with our wallet, when something happens we can be helped by KYC. it's just that anonymity in crypto will disappear with this KYC.

[farlack]

If KYC for investors I think it's a good idea. But still personal data must be stored very safe in that way.

Now there is a great uncertainty in the crypto currency, investing it, and in almost everything connected with the crypto currency. Personal data is like a cover!? or once again earn money on the black market!? I do not mind the KYC service if it is familiar to all.  And that data isn't left on the darknet.

[cryptorima]

I think kyc is very good idea for a ico. Cause by this they can verify real investor and about theirs details.  Also buy this they can catch scammer. That's why I think kyc is very important.

[brusnika]

Kyc for investors and bounty hunters has become a necessary procedure for some projects . basically , this applies to projects whose tokens have the properties of securities ( that is, they promise profit to their holders). So projects  prepare for possible inspections by the SEC. Although, there are projects that require kyc is unclear why, perhaps to resell our data to third parties.

[ajdaj]

I think kyc is very good idea for a ico. Cause by this they can verify real investor and about theirs details.  Also buy this they can catch scammer. That's why I think kyc is very important.

if to speak specifically from the investor, to really provide personal data should be the norm. But we must understand that in this situation an investor will risk his passport data only for the sake of a really very promising project.

[Violettochka]

It would be good for the society if we could exclude non trust-worthy people from it. But on the other hand, it seems to lead to overcontrolling and it can't be good either.

[arimamib]

I think kyc is very good idea for a ico. Cause by this they can verify real investor and about theirs details.  Also buy this they can catch scammer. That's why I think kyc is very important.

if to speak specifically from the investor, to really provide personal data should be the norm. But we must understand that in this situation an investor will risk his passport data only for the sake of a really very promising project.

I think there is no problem as long as the team of the project does not use investor kyc as a crime. so before you give kyc you have to look at various aspects because that is your personal data

[iram3130]

I was just telling this to someone about this today that KYC is became a common thing in ICO's these days. There is a great risk in this of selling your data and can be misused but we cant restrict that as it became mandatory.

[trahaubab]

awful idea, as I didn`t pass even one KYC by myself and won`t do it. Why should we pass it?
Even for exchanges this is an awful idea (if it is not connected fiat)

[mdzahed134]

I think for a certain amount kyc shouldn't be needed, like for 10000 Usd. Small investors don't like to share private information with somebody they don't know. (I hate it actually)

You are a small or big investors that's doesn't matter because rules is rules and it's applicable for everyone. KYC is need in every single ico investment or it's necessary in bounty campaign. You like or hate KYC but It's very relevant I think.