KYC in crypto, does it really require?

[KYB40]

Whether or not it should be required depends on who you are asking. Be careful in sharing your personal information https://www.ccn.com/hacked-customer-data-from-world-leading-cryptocurrency-exchanges-for-sale-on-the-dark-web/

[Ariurin]

KYC is a rather questionable system due to the ease of document forgery and General information required to pass it.

[Dandr]

KYC is a protection for the investor and creators of the project. These data are required by regulatory authorities, which means they are needed for something.

[Prime]

Till now, I still don't agree with KYC, especially for bounty or airdrop hunters. We know that the profession on crypto should be anonymous. It is the nature on crypto digital world, the anonymity should be kept. So, how can bounty or airdrop hunters must do KYC process. 

[Quart]

Actually, not all ICO projects require the KYC process for both investors and also bounty hunters. However, some need especially for the investors that will buy the tokens. The KYC is done to Know Your Costumer. Some ICO programs will need our document because it relate to the banking system that the project used for financial. I think that as long as we can get the worthy ICO, why  not? But, still, be more careful!

[Coin63@]

Kyc is the best identitify the scams and fake address. But sometimes Kyc brings panic. Many a time investors face to panic conditions.

[Nolkupit46]

Yes Brother you just say very important and effective information because I hate Kyc. I am Bangladeshi I have no passport and diver licence so I don't participate any Kyc verification.

[nakmantu99]

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 KYC is good to reduce scams. But I will give my identity when the project is good.  Because I think crypto is anonymous.

[Crazymelons18]

I think it must be weighed. What do we get out of a bounty? Was it enough to say that the KYC justifies the risks of having our personal details sent to their site? These are questions that we should be answering ourselves before really giving our information. Too many had a problem with stolen identities. Of course we don't want to end up in jail for crimes we never even committed. So if KYC gives the company good favor we should also have the same favor on our side. If it is more of the company than us then better not participate in the bounty.

[Cryptoz]

Yes Brother you just say very important and effective information because I hate Kyc. I am Bangladeshi I have no passport and diver licence so I don't participate any Kyc verification.

It is quite unfortunate if an ICO forces the participants to do KYC. For the people like who have no passports or driver licence, it will be a hard problem. However, I think the ICO needs to identify the participants, especially for investors. They should know the investors are more than 18 years old, not fake, and real human. Except bounty hunters, I think it is no need to do KYC process. 

[ribowo76]

In my personal view, sometimes I feel a dilemma about it. Is KYC really needed in every ICO process? But when, I see so much crime is done through cryptocurrency, it seems like KYC is needed. As long as the KYC process is done correctly, and with the right objectives. Hopefully this can reduce or even eliminate the number of crimes that use crypto. So, it does not interfere with the adoption process globally

[nufika89]

We must distinguish KYC for investors and KYC for bounty/airdrop hunters. Investors are obliged to do KYC yet they become a part of the projects. While bounty/airdrop hunters are no need to do KYC because they only help to promote the token sale of the projects. Since bounty/airdrop hunters are not a part of the projects, I think they shouldn't require for KYC. 

[Ryanpogz]

I don't really think it is required, we have been using cryptos just fine with no kyc since before now and there has not been much of a problem with it. Now though it looks like a lot of the project are now requiring kyc and the reason I don't do it is because I don't want my information sold and ending up in the hands of the wrong person.

[TopaNN]

KYC or Know Your Customer is the process of identifying investors who will buy ICO, so that investors who intend to buy ICO really have funds obtained from their own income, the actual KYC function to avoid money laundering is done to avoid taxes.

[nayeon.twc]

for bounty, it is not supposed to submit kyc. we only get tokens. not buy it. if an investor is required to need Kyc because they buy it in large quantities.