Kyc risks??

[36B]

KYC in my opinion is very high risk depending on where you do it because KYC provides information in the form of your face so that anonymity is no longer applied in cryptocurrencies.

[cryptolab1]

Many bounty campaign require Kyc (know your customers) with our /customers personal data (national id card, passport, drivers licence, bank account, electric bill, water bills and other information). I want to know if they use my information in illegal action,,,, what would be happened?

I think at first we should  careful/verify  the project where we are going to submit our KYC . If we provide our data in Scam project it can be harmful for us .
So we should attention about kyc verification .
And thank you for  bringing this topic.

[Cryptions]

There is a serious risk that happens, be very carefully to where submit your ID docs etc. Furthermore, how the data will be stored? There's risk of malicious actors gaining access to document storage etc. I really do not agree with any KYC procedures, mainly because of privacy concerns. If project requires KYC, I'm not investing in.

[Kulinar]

Recently, new projects almost do not require bounty participants to go to KYC and this is a positive trend. Apparently, they still take into account the recommendations of the FATF that KYC can be carried out only for the prevention of money laundering and combating the financing of terrorism and only when transactions exceed the amount of one thousand euros.

[Nowme]

Yes it feesl kind of opened to any friendly stranger by giving him your personal data, but to me no one can blackmail me through these personal info.. But I don't prefer kyc unless the project is legit.

[yawar20]

Well proving your crucial information like passport and Identity card etc on internet is always risky and I personally avoid such risks for sure. they could use your data to sell it to 3rd party or it could leek on dark web too.