So if I hold NET and I am from the USA I will be shit out of luck? As in sorry I just lose my investment? Can someone please let me know whats up. Thanks
Hey, cc
'Based on the changing regulatory environment, our legal counsel has driven us to require this KYC process (anticipated in the NET Creation Terms). This goes along with the same restrictions regarding sanction lists, politically exposed persons, as well as restrictions for certain jurisdictions (ie. USA) as previously experienced during the NET Contribution Process. This will permit the Nimiq project as a whole to maximize probability to comply with regulations in various jurisdictions and thus support the underlying factors regarding Nimiq mainstream adoption in the future.'
https://medium.com/nimiq-network/roadmap-to-mainnet-ee557efd74d4Why do we need kyc? I don't understand that, the sale is already finished and you are just giving everyone with tokens in one account an equivalent in nimiq, there is no new value that gets generated etc.