Crypto Project Team Should be KYCed

[therozaq]

We know that there are new projects requiring their investors, users and even bounty hunters to undergo some form of KYC presumably so they can be following the laws or regulations where they are based at. However, some are not doing the same thing to themselves. I think that it is only fair that team members or the people manning the project should be doing a KYC under a third-party verifying platform.

Lately, I am seeing some new projects that are doing this and in my view this should be the norm so that investors can have a higher level of trust and confidence...though of course this will never guarantee that the project will be a success and that it will not fail or just evaporate.

I think It will never happen, because There isn't institution that will verify them.
But I believe It's a good idea, crypto project team should be KYCed

[rizqillah]

Yep by seeing there are many scam projects, I think crypto project team should be KYCed to reduce scams.
But It might difficult to happen, because So easy to create project without KYC.

[Jaephoenix]

This is quite legit and true, but who would do that? Who would bell the cat? It's an interesting proposition, in fact Rugdoc, a DeFi auditing upshoot does that exactly, but even at that not all projects comply, and its not even sureproof of hiccups as we can see from the EvoBridge/Valleyswap issue

[Confero]

Yep by seeing there are many scam projects, I think crypto project team should be KYCed to reduce scams.
But It might difficult to happen, because So easy to create project without KYC.

I think this will be difficult to realize, the reason is as said by a friend above that there is no institution that regulates this.  Or this can happen, if they want to give full confidence to potential investors.

[Fenix]

Yep by seeing there are many scam projects, I think crypto project team should be KYCed to reduce scams.
But It might difficult to happen, because So easy to create project without KYC.

I think this will be difficult to realize, the reason is as said by a friend above that there is no institution that regulates this.  Or this can happen, if they want to give full confidence to potential investors.

Don't reinvent the wheel. Third-party platforms may also become interested and abuse the right granted to them to conduct verification against the new project team. This can only increase the problems.
The only effective solution to this issue may be the registration and necessary verification of the project team by the relevant state authorities at the location of such a team. If their identity card is examined and verified for authenticity, a copy of this document is taken, then the team will think before they cheat. In this case, law enforcement agencies can quickly find them.

[pieppiep]

Yep by seeing there are many scam projects, I think crypto project team should be KYCed to reduce scams.
But It might difficult to happen, because So easy to create project without KYC.

I think this will be difficult to realize, the reason is as said by a friend above that there is no institution that regulates this.  Or this can happen, if they want to give full confidence to potential investors.

I don't think anyone wants to do KYC that easily, especially when they really want to raise cryptocurrency funds for a project that ends up being a scam, making them more reluctant to do KYC. so stay careful when investing in the cryptocurrency world.

[doc]

You're right, I think scammers will never do KYC easily, they have other way to scam other.
We should be careful to invest and join in crypto projects.
Good luck.

[Vx1]

I think that it is only fair that team members or the people manning the project should be doing a KYC under a third-party verifying platform.

If this can be done then I will totally agree, at least if there is a rule like this then the SCAM project maker will be reduced. 
Because before promoting their project they must verify their identity first, and a scammer will not do this because they will be afraid of being found.

[zooboomafoo1234]

We know that there are new projects requiring their investors, users and even bounty hunters to undergo some form of KYC presumably so they can be following the laws or regulations where they are based at. However, some are not doing the same thing to themselves. I think that it is only fair that team members or the people manning the project should be doing a KYC under a third-party verifying platform.

Lately, I am seeing some new projects that are doing this and in my view this should be the norm so that investors can have a higher level of trust and confidence...though of course this will never guarantee that the project will be a success and that it will not fail or just evaporate.

Absolutely. If you are a team launching a legitimate project, then you should have no concern about building that trust and confidence by revealing your identity.

[mohdelayo]

Recently that has beeen the new normal in the space, i mean that is the primary idea of getting doxed and quite a number of projects are reliably [providing this service. This trend can be attributed hugely to the high rate of scam especially in this bear market. The space is dire in need of a solution like that.

[pacar_tiri]

I think It's good idea, crypto project team should be KYCed.
But who is do the verification? Government or there is instation that have power to do.
But It seems difficult to happen

[Google+]

I think only a few projects dare to do KYC because actually there are so many who try to scam by creating projects that end up being scams, there have been many cases like that so I think you have to be careful and don't get caught in a scam project.

[TopT3ns]

Cryptocurrency-based projects should indeed be able to implement KYC because it is to give investors confidence so that they can convince their supporters first and after that the project must also be very interesting so that it can be useful to attract investors.

[Doctor]

Cryptocurrency-based projects should indeed be able to implement KYC because it is to give investors confidence so that they can convince their supporters first and after that the project must also be very interesting so that it can be useful to attract investors.

agreed, crypto project team should be KYCed.
Because investors need confidence and trust.
Many scam project that scam teh investors, It's really annoying

[gurunanakji777]

Yes, whenever KYC is asked by any project we should know about the Bounty Manager and dev original details also so we will also be assured that the team is real they only do not collect the data and sell it later. Yes, the KYC of the team should be done by a reputed third party so that they can not fool the hunters.