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Sorting Box / Re: Is KYC needed?
« on: August 23, 2020, 07:37:24 PM »
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.
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.