KYC for ICO, is it good or bad idea?

[Cold_Zero]

Most of ICO require KYC/AML and this must be finished for you to be qualified to put resources into their undertaking. This is on the grounds that occupants or nationals of specific nations like China, USA, and so forth are normally exempted from taking an interest in many ICOs, so with the end goal to guarantee there are no infringement of the principles, KYCs should be finished. Additionally, ventures do it inspired by a paranoid fear of the SEC and I believe it's a smart thought, with the end goal to keep running into issue with them.

[whitenem]

I think it is a bad idea to have a KYC procedure in a decentralise world of crypto currency.Giving your personal information to unknown people will compromise your security.You are also not sure if those who collect the data are trusted or not because selling personal data in the darkness is rampant.

[Crypto Guard]

there are many perceptions about kyc in ico. with the existence of kyc, we must collect our personal data and many think that it will be risky. but the advantage is that with the presence of Kyc, we will avoid all forms of cheating in ico.

[Raboni]

To Know Your Customer is necessary to implemented specially if the project intended just for the particular citizens. This action is secure to handle the business safe and everybody is under control.

[akbarals9425]

we see from the positive kyc can be used to see who our coin holders from where they come from and their sex and can also be used as a benchmark to find out how many investors hold our assets.
the negative if information about kyc leaks or falls into the hands of irresponsible people, kyc can be used for falsifying data and other frauds that harm others

[yitzjoe]

seeing the development of ICO scam at the end of this year made me cancel my intention to do KYC because I was afraid my data would be misused for other needs by the developer to know other parties with the purpose of crime

[Jaguar]

I know we must not trust anybody but because of kyc matter I think submitting our personal basic information means we trust the person behind the project who ask KYC. Risky but let us trust them.

[Andruha1993]

I agree that KYC is necessary for ICO projects. But you need to go through it very carefully, so as not to send your documents into the hands of fraudsters. Therefore, if you trust the project 100%, then without any problems go through KYC.

[juv3ntus1]

KYC for investors yes,in this way prevent to participate on token sale citizen for resticted country(usa,china),and people can't use multiple accounts.

[dentolas]

At the moment, I think it would be a good idea for ICO investors to demand publlic KYC by the team members of any ICO project... they demand KYC for investors, so I don't know why it shouldn't be the same for them... if they want to ask for money, at least they prove their identities...
this would maybe greatly increase the trust and get the ICOs back on the crypto scene...
don't know about the possibility to include this on the forum... I think this should be standard for every ICO... it is only a matter of the investors growing up and start demanding serious commitment from serious teams and exclude the scammers
cheers

[de_prof]

Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP,  use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.

KYC is good for ICO and bounty. It is to reduce the multiple account. But I doubt Your identity is secure.

[Artillery69]

KYC for ICO investors I guess it doesn't matter. at least have the team and the project are clear enough for me to fill the KYC.

[Ryanpogz]

actually its safe and risky both.
but i think the project which taking kyc in ico will not use kyc info to negative things.

I think that's a very good idea. but I doubt that KYC will scare away the scammers. They will not be difficult to forge documents and find people who will play the role of developers for money.

[Dkingbh]

many has complaint having do KYC for bounty which i have considered in my opinion, needless exercise becuase hunters are meant to promote the project through many social networks.

[cukong]

KYC for ICO is good. If crypto will undergo serious regulation in the long run KYC will be one of the most useful tools for that. To some extent, KYC helps exchange to limit multiple registrations on their platforms. Customer identity is very important in any financial institution.