Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.
There are really ICO that do need documents for KYC which if you decide to invest then you should follow on their terms or on what they do require.If you arent comfortable with that then you can just simply skip that ICO and jump into other one but if you are a risk taker then you can proceed.Its all way up to you and we wont know if those informations accumulated would be used into other purpose no one knows actually this is why submit documents for your own risk.
This can become customary as more and more ICOs are complying with the KYC (Know Your Customer) requirements as set by some regulations of the country they are based at. We should not be surprised at this though of course we should be concerned because of the possibility of identity theft which can happen to anyone anytime. We have no choice actually if we want to be a part of a project because many of the good ICOs are already implementing this requirement. Otherwise we can choose not to be a part of that project requiring documents to be submitted digitally.