Financial value of KYC verification

[Mux@]

There is an opinion and this opinion is confirmed that the personal data of users are sold by dishonest entrepreneurs. But verification is not to then sell personal data of users, and to confirm the identity in case of future fraud. It is scammers who buy users ' personal data to steal and launder money with impunity.

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[o_e_l_e_o]

But verification is not to then sell personal data of users, and to confirm the identity in case of future fraud. It is scammers who buy users ' personal data to steal and launder money with impunity.

And where do you think they buy your details from? For someone to buy your details, someone else must be selling them. Yes, all these ICOs, IEOs, STOs, whatever say that they need your documents to comply with regulations, but since the majority of them turn out to be complete scams, I'm sure there are many which are selling your details.

[Dilerium90]

Hello, I would like to ask:
1. For how many dollars could you give someone KYC verification?

2. Do you know what value our KYC has for companies (such as Coinbase), why do they pay for it? They sell them to someone?

Thanks

Lol...

KYC info of your users should not be sold... Companies such as Coinbase are required to have that information by law because of the AML regulations.

Yeah, but really, what prevents them from selling this information or using it? Of course, all cryptocurrency exchanges require KYC for verification, but I believe that this data is not always used solely for the purpose of confirming identity. And it is quite possible that this data can be sold somehow.

[Kakmakr]

Why are they willing to pay for it?

Hello, I would like to ask:
1. For how many dollars could you give someone KYC verification?

2. Do you know what value our KYC has for companies (such as Coinbase), why do they pay for it? They sell them to someone?

Thanks

Lol...

KYC info of your users should not be sold... Companies such as Coinbase are required to have that information by law because of the AML regulations.

Where do you get the information that Coinbase want to pay users to get them to follow the KYC/AML regulations? They only motivate people to do this by reducing their "limits" if you are not verified. <Please provide source> 

If they are doing this, then the only answer for that would be that it will cost them more in fines for not being 100% compliant with these regulations and that they want to prevent that from happening. They are not allowed to operate a business where fiat is used, if they do not comply with these regulations. <They will lose their license.> 

[davis196]

Hello, I would like to ask:
1. For how many dollars could you give someone KYC verification?

2. Do you know what value our KYC has for companies (such as Coinbase), why do they pay for it? They sell them to someone?

Thanks

1.I wouldn't sell my personal information for any amount.This question is stupid.

2.Coinbase and other crypto exchange platforms use KYC verifications to prevent fraud,scam,etc.I don't think that they sell the data.Perhaps the CIA has some sort of access to that data.

[Chikitita2004]

Hello, I would like to ask:
1. For how many dollars could you give someone KYC verification?

2. Do you know what value our KYC has for companies (such as Coinbase), why do they pay for it? They sell them to someone?

Thanks

I don’t understand how could coinbase buy KYC. The first time i opened an account there, they asked me of personal identification material for KYC, it happened that I am presently working outside my country so I gave my passport but they rejected it since the location written there was different from the IP add that they detected from me. I had nothing more to offer so i left it undone. Nobody bargained with me to buy KYC to be able to pass the process but instead after half a day they approved my passport anyway.