KYC for ICO, is it good or bad idea?

[Adhar]

I think its not good for me.becouse when you given your all information then you can't control your privacy too. So it is harmful for me.still my government against of bitcoin. So this is risky          

[1714709100]

1714709100

[1714709100]

1714709100

[1714709100]

1714709100

[1714709100]

1714709100

[1714709100]

1714709100

[MelodyCrypto]

KYC is needed to avoid anti money laundry (AML) but which idiot people that wants to transfer their money to ICO? because the value fluctuations their will not transfer the money to ICO but to assets that have a stable value
in addition they said would not sell or publish investor data to third parties but in fact after filling KYC in some ICO now my email always get spam message, so my answer is BAD idea 

[inoes]

Cryptocurrencies (mainly Bitcoin) were created to be free to use, pseudo-anonymous, decentralized.
But with KYC and AML - you are loosing all of these features. So it is good?

yups when talking with that context it is clear that kyc and aml are not relevant to cryptocurrency technology which they had from the start
but if we talk about ecosystems that I feel that it doesn't hurt to use KYC in every ico project

[yingfeng]

This is the business of the team itself. Developers are trying to work in accordance with the law. But it is completely incomprehensible to me why teams introduce mandatory KYC passing for bounty participants.

[arthotdog]

i believe investing in ICO that requires KYC is reasonable,because this is for investors safety

But if you’re referring in bounty hunters that the project requires KYC is unreasonable,because this may use to abuse participants

[pisston]

i believe investing in ICO that requires KYC is reasonable,because this is for investors safety

But if you’re referring in bounty hunters that the project requires KYC is unreasonable,because this may use to abuse participants

But you still have to take into account the fact that there are a lot of scammers in the Eco companies market and in the current situation fraudsters can use the registration requirements circle in order to give their project more importance and prospects. That's when many users of cryptocurrency, including participants of the Bounty company and investors, must be alerted, because I do not know where their personal passport data goes.

[coin-investor]

Like all of the majority of users here KYC is a big no-no in a decentralized world, they told us to protect their investment when in fact some of the devs are faked and there is a big possibility that some projects will cease or stopped and so there go your personal details there's a possibility that they are going to sell it to third party.

[thegelas]

surely something has a positive and also negative impact. in the presence of KYC, a project will have important data about its investors. and for the negative impact there is no more privacy and what we fear most is that our data can be used for abuse

[yapa ve yalniz]

Very good reason for laundering money. There are many countries that have bitcoin enemies due to money laundering. so no one can launder money if kyc.

[EmmanCryp]

There are some external ico listing websites like icobench and co that conducts kyc for the sellers or team. How genuine is it is what I don't know. So even with this, buying the ico is still a risk. Also I don't like the idea of kyc for buyers.

[daenarys_stormborn]

the reason for the KYC for the ICO is to prevent the restricted country from participating, of course the organizers of IIC do not want any country that is banned from participating in the ICO program, but what else is it, this has become a regulation of the country, and organizers of ICO do not want to risk

[abstmain]

It's not a bad thing because KYC prevent investing someone from a single entity do that no one can manipulate the price. But as an investor, I would never invest in an ICO which requires KYC for investing.

[Baimovic]

the reason for the KYC for the ICO is to prevent the restricted country from participating, of course the organizers of IIC do not want any country that is banned from participating in the ICO program, but what else is it, this has become a regulation of the country, and organizers of ICO do not want to risk

if it is indeed true to use KYC in the ICO, the ICO will automatically become a smaller ICO investor and there will be many ICOs who are underfunded. and it also affects not only the ICO but also the bounty hunter because if many ICOs fail or the sales result is small, the income of the bounty hunter will also decrease. so this not only affects the ICO but also affects others.

[kidbounty]

I do not agree if ICO must use KYC because there is no more Anonymous, blockchain is popular because of its advantages as an anonymous network. without crypto like investment in general.

[Ziscadas]

In this situation, there are two sides of the coin, on the one hand, the KYC for developers needs that there would be no participation in their projects of scams. but on the other hand, where is privacy and personal data protection?

[rat03gopoh]

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.

And I will say that's what should happen. And even the team must give KYC first to investors (at least showing on the website), not vice versa. Investors are the party most at risk of losing assets when the project turns out to be a scam.

[Apened]

I do not agree if ICO must use KYC because there is no more Anonymous, blockchain is popular because of its advantages as an anonymous network. without crypto like investment in general.

Having a KYC have both good and bad things that come out with so you should think twice in any Ico investment which you want to partake in.
In that thought of yours about anonimity, Yes we shouldn't have any of those required KYC but in order for Crypto to survive we have no other choice as well as Crypto Ico to require the investors to do KYC.

[dele4]

With KYC this is quite good because it will be able to give trust to a project, because for now the concept and maybe the members of the team joining the project are not convincing enough, this is certainly very helpful because there are now many fraud projects which of course harm investors

[michael23]

I think that the passage of the KYC for bounty hunters is not dangerous for the bounty hunters themselves, but on the other hand more or less good projects are asked to pass KYC.

[firaituaku]

regulations in the crypto world are getting tighter and harder, including the use of KYC for investors and also bounty hunters. I think there are still pros and cons to that. but I myself agree with that rule, to further increase security and reduce fake accounts.