KYC in crypto, does it really require?

[mightwalker]

It's needed to prove that you're a real investor, but sometimes it has a group try to create a scam project to steal your information, so you should research projects clearly.

[Dinaflorean]

that's why I don't like the ico project, which uses cyc in the bounty program because I'm afraid our data will be misused by irresponsible people.

[Anayajurus]

I see a direct need for this, as KYC helps to protect the company from a legal and economic point of view.

[Fenix]

Bounty hunters should not be tested by KYC. We are not investors in ICO projects, and KYC verification has the task of preventing the laundering of dirty money. Other reasons for applying KYC checks to us are contrived by the ICO teams themselves, who are very comfortable under this pretext not to pay us the earned tokens.

[Dynamite]

KYC is important to follow the marketing strategy of the project. Managers and team members are bounded to follow the terms and rules strictly and faithfully. The reality, BM and Team Members are in the same level of respondents to give the community a success and better world.

[balanced]

I personally believe that this is necessary only for investors of an average hand, for smaller holders of coins is stupid.

[Stgeorge]

KYC in cryptocurrency is not required for bounty participants because I think the purpose of KYC is to prevent some one from cheating and to manipulate the ICO.Therefore KYC Should only invest with the investors in the project.Therefore kyc should not be used with bounty and airdrop members.

[Hisbullah]

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 dont agree about KYC.  because I think crypto is anonymous. We shouldnot share our identity to another.  It is my opinion.

[Speaker]

KYC in cryptocurrency is not required for bounty participants because I think the purpose of KYC is to prevent some one from cheating and to manipulate the ICO.Therefore KYC Should only invest with the investors in the project.Therefore kyc should not be used with bounty and airdrop members.

KYC in cryptocurrency is not required for bounty participants because I think the purpose of KYC is to prevent some one from cheating and to manipulate the ICO.Therefore KYC Should only invest with the investors in the project.Therefore kyc should not be used with bounty and airdrop members.

[hsyncl]

I'm in favor of being kyc. Because when it is not kyc, fake many participants have stolen the labor of those who really labor. I think that this situation must be passed beforehand.

[Jereh]

I understand kyc in cryptocurrency is a way of helping government to reduce the state of criminal activities being carried out with cryptocurrency by launderes , trafficers and terrorism sponsors.
But I do not support the idea of requiring bounty hunters whose rewards are not even up to $50 to go through the kyc process.
It doesn't make sense dropping ones valid documents and information for something as low as $30

[zilzylian]

KYC data details are needed to avoid fraud committed by coin owners or investors who want to take advantage of buying new coins at ICO.
There are no regulations prohibiting KYC and you can choose not to do KYC and buy coins after they register the coins in exchange.
There will be many people who agree about KYC but you can make a decision by not participating in the ICO if you do not want to follow the rules they have to participate in the ICO

[eurcoin88]

KYC is sometimes needed when someone will put their own money on the ICO. Some earn their money in dirty ways and they do participate ICOs to make the stolen money be unnoticeable are it is exchange to tokens. The ICO is only aware if there are some people just taking advantage on it to continue doing illegal things and evade the authority easily because being on crypto makes you anonymous that makes bad people hidden.

[Falcon]

We don't really need it unless we want to invest. To follow the terms and rules is necessary. If you want to be an official member in the project you should obey the condition. At the end it is your choice.

[abc123]

I am not supporting this kyc,so I stay away from these ICOs that implement kyc because there is no need of that you can buy the token or coin in exchanges where you don't need to go through kyc at all and some of these ICO did not succeed and projects are paused or developers totally leave the project,so where do your details go it's hard to know.