Re: Is KYC needed?

[HighBank]

KYC is a necessary part and it aims to protect users first. We run KYC for HIghBank ICO to neutralize the shell technique used by hackers to gain access to the exchange server. If you trust and believe in the project than passing a KYC should not be a problem. But if you don't trust the project then why invest in it at all?

[Chilwell]

KYC is an abbreviation that stands for *know your customer*. It's a safeguard to ensure the safety of the users. It helps or enable businesses to know who their customers are (customer's identity). If you don't have peace of mind or you are not comfortable with it, then it will be better if you didn't invest in that particular project. But as for me, I don't see anything wrong with it, I believe KYC is beneficial, it is for your own good, because it protects users in case of emergencies or hacking attempts.