Is KYC needed?

[ayatoslaw]

some people certainly do not like to do KYC, and some others don't care about that,
I personally do not really like KYC, but for the forum I will do it, because from the beginning I intended to be active in the forum.
but for KYC in a project I prefer to avoid it. the reason for avoiding personal data is being stolen,
and I used to do KYC first, but suddenly the project was closed, and after that I tried to be careful and avoid it.
How about you?
do you worry about KYC or not?

[MuTu]

As long as the project we are following is truly real and reliable, I think KYC is something we must do. Think smart and be careful before choosing to invest than later there will be regret in the future.

[tsakf]

I do worry, because the more places, your data exists, the risk of your data get stolen increases. If someone does not care, he will face the consequences, of an identity theft. Before many years, there were no identity theft issues, because there were minor places, you should give your data. Nowadays, many say scam avoidance, but for me, the gain is less than the pain, so I see no reason to give my personal data. If you ask KYC for a bounty, I won't participate. If you ask KYC to offer a service, excuse me, I can live without it.

[PhiliPPs]

Honestly, I don’t really like this procedure, because leaving your passport data to people you don’t know is not good, but you still have to go to pick up the reward!

[leodiaz]

KYC problems is the most frequently discussed on bounty. Actually almost all of us don't agree with KYC procedure but it seems impossible to avoid. There are many projects that require KYC for their investors and even for bounty participants. I have no problem KYC for investors, but it shouldn't apply for bounty participants also.

[aiviaa485]

That's right with you and I agree.

KYC is very vulnerable to misuse and this is very dangerous for the future of my life.
Cryptocurrency is definitely the best choice for future finances but it should not pawn our lives with KYC.

[tsakf]

Sorry, post deleted because of error.

[Thegals]

If indeed filling cyc is a condition that must be met in order to get paid better implemented. With a note the city gets a big fee, if only a little better left and follow other projects that are not conditional on cyclic. Kyc is done to minimize the existence of cheating so actually it's a good thing. And I'm not worried about that.

[vanjava]

I was worried about doing KYC. because I feel my personal data is just left. I'm afraid my personal data is misused to commit fraud or something. I avoid KYC.

[IonCreanga]

I agree, it's that not yet the moment for KYC. A more proper idea for a decentralized world would EKE - Everybody Knows Everybody.
But we can talk about that after the entire money supply gets invested in crypto. Still a long time to go.

[DAMKAR]

some people certainly do not like to do KYC, and some others don't care about that,
I personally do not really like KYC, but for the forum I will do it, because from the beginning I intended to be active in the forum.
but for KYC in a project I prefer to avoid it. the reason for avoiding personal data is being stolen,
and I used to do KYC first, but suddenly the project was closed, and after that I tried to be careful and avoid it.
How about you?
do you worry about KYC or not?

I didn’t  agree about KYC,  because I see too many projects are scams now.  If they are legit,  I will share  my identity.

[Hisbullah]

some people certainly do not like to do KYC, and some others don't care about that,
I personally do not really like KYC, but for the forum I will do it, because from the beginning I intended to be active in the forum.
but for KYC in a project I prefer to avoid it. the reason for avoiding personal data is being stolen,
and I used to do KYC first, but suddenly the project was closed, and after that I tried to be careful and avoid it.
How about you?
do you worry about KYC or not?

I think KYC is good to reducw scams.  Because I see too many scams today.  But We must  be carreful  to share and give KYC

[trofim21]

I think that for many projects this procedure is superfluous, in my opinion, kyc is necessary for projects that are closely related to the circulation of money, an example of this is exchanges and wallets, but I think that this is not necessary for other projects.

[eurcoin88]

cryptocurrency exchanges are beginning to exclude cryptocurrencies that did not properly implement KYC processes. Thus, not running such checks poses a long-term risk to a project. Today many criminal events related to finance, whether it is theft through hack or money laundering actions. with the presence of KYC, is expected to prevent the existence of such criminals.

[Delgado]

KYC is necessary on many exchanges as many states have begun to establish certain rules that the administration of exchanges cannot ignore. According to the FATF recommendations, which came into force in June this year, the senders and recipients of all transactions over one thousand euros are subject to verification and identification.
Participants in bounty ICO campaigns who receive new tokens for their work in the amount of less than one thousand euros, in any case, do not have to undergo KYC.