The issue of KYC verification this days on any ico one wants to buy is pronouncing. My question is, is KYC really necessary before one can purchase a particular project Ico? Because our documents were mend to be keep confidential and not to expose it to public, and the new rules is not KYC not Ico.
I hope our documents will not be use for impersonation of any criminal activities?
Please I need advice
Thanks
In an article I read, the purpose of using KYC is very good. because it can at least prevent fraud or crime. such as terrorism, money laundering and others.
KYC is required to meet Know Your Customer requirements from FinCEN. If you own or operate a money service or money transmitter bank, you must know the KYC.
FinCen is a Network of Financial Crimes Enforcement.
https://medium.com/@woodforklaw/what-is-kyc-b8fc42ea4df