KYC in crypto, does it really require?

[noemail]

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .

I think I don't need ICO in the submission of investors' investment because it is actually used to reduce people who are used multiple, especially if the ICO that is run by SCAM data that we love can be used for things that are not desirable

[OptimusPrime]

Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .

Kyc can serve multiple purposes,  it could be used depending on why the project initiated it. Kyc are mostly required for STO or for projects that wants to reduce multiple accounts

[Speaker]

If we are talking about the regulation of the crypto-currency industry by the type of the stock market, then KYC is simply necessary.Yes, perhaps it goes against the basic idea of the crypto-currency-such as decentralization, but simply in another way governments will not allow uncontrolled market movement.

[Moshaid]

Yes, kyc is necessary for regulation and to curb unnecessary manipulation in market index, although there are other projects out their that uses it's client for other stuff or publishing online while some don't have enough security to protect it customers details against third party threat.

[Hadley]

I think we really need KYC to reduce the number of bot, clone account joining an ICO or an exchange. That will help this market better and stronger I think

[gurunanakji777]

As you also know there are so many countries that have created rules to follow for any project run from their country that they should have their customer details (Kyc). We all know its decentralized but some project has to follow their country norms so they ask KYC. If one does not like to give his KYC he should avoid investing in ICOs where KYC is required.

[noemail]

I think we really need KYC to reduce the number of bot, clone account joining an ICO or an exchange. That will help this market better and stronger I think

I agree that kyc served as you explain earlier, but now that there are a lot of obscure ico and in need of kyc and do you believe that the data you gave will be safe and will not be used in the wrong way?

[MOProgress]

I know that crypto is decentralized business and for that everyone and everything is supposed to anonymous, but in the other hand, at least in compliance with AML standard, it is ok.

[Jereh]

I think kyc in crypto should only be made mandatory for investors investing $3k and above and not applicable for bounty hunters who normally get stipends for a reward.

[MVT$]

There has been a lot of changes in the cryptocurrency industry since last year. Since we are pushing for mass adoption, it is inevitable that government will have to intervene. Unfortunately, they will have to make regulations also and KYC is just one part of that.

[Jacky]

It becomes the problem in ICOs and Bounties till now. As there is no guarantee for the safety for people's secret data, I am also not sure to do KYC. It is actually needed but it should have a good way in protecting people's identities. 

[masudginanjar]

KYC is needed for investors who are participating in the ICO.
KYC is intended to create centralized Exchange accounts such as Binance and Bittrex.

But if it's for bounty it's not recommended because Bounty is just a freelancer.

[JaymondStark]

I really don't understand why the projects wanted to have kyc. Maybe it is for the dribbling to SEC kind of organizations, but this is not good I believe.

[aji678]

It isn't for the greater part of the ICOs that require KYC. There is a great deal of ICOs out there that you can get tied up with without utilizing KYC. That being said you should need to avoid ICOs that require KYC for you to put resources into their ventures.

[PreshB]

To  an  extent  but  not   really,   I  believe  that   the  investors  need  it  most