now there are two ways to look at the next step:
1. you BUY BACK OUR ERC-20 Token for your NIM coin at a fixxed rate, actually, your are my customer and i dont want kyc from you.
I don't understand why you think this is some kind of vendor/customer relationship.
2. we call it exchange, i change my NET Token on Ethereum for NIM on Nimiq. (now i see both scenarios doesnt have to include kyc)
--you really should have collected kyc at the net sale. do it now makes no sense whatsoever. because:
Nimiq Network mainnet goes live.
Nimiq Network continues to create NIM Coin, issued to miners (anonymous users of the nimiq network)
We couldn't have anticipated the current legal environment Blockchain projects are forced to deal with right now. But even though we didn't want to bother users with KYC last year during our Crowdsale, we still added this requirement in the terms you had to agree upon participating:
We may determine, for regulatory compliance purposes, that it is necessary to obtain certain information about you in order to comply with applicable laws or regulations in connection with accepting contributions to create and allocate NET to you or transfer NET to NIM. You agree to provide us such information promptly upon request.
now if you say you can only exchange NIM for NET if we provide KYC ultimately means that in future you,
HAVE TO get KYC from EACH and EVERY user of the NIMIQ Network because each address holds a share of the networks wealth.
it can only be used if people provide kyc. simple as that. imagen you are the new visa, visa work without documents? no.
No. We are only asking users to complete KYC in order to use NET-to-NIM replacement tool. That is all.
kyc in this case is only a "lets go the save route" for current laws that dont apply to the situation, which may destroy your reputation.
KYC is required at this point to ensure the project complies with regulations in several countries, this is obviously required for our project to be a success which is ultimately our main goal.
one of the biggest issue is that you want a 3rd party to controll the kyc data.
Using a 3rd party KYC provider is actually the safe a responsible way to go.
your security doesnt matter here. kyc data will be stolen or sold at one point in time.
Now this is just FUD and nonsense. We have carefully selected KYC providers than follow the most strict rules and security standards. This is a delicate part of the the process and of course we are taking it with all seriousness deserved by this matter.
And here's some insight into what 'KYC' might include: 'it is now commonplace for an individual to have to submit a passport scan, bank statement, and various other documents and to answer a string of questions about their background and the origin of their cryptocurrency. Legolas, for example, requested that investors Provide as much detail as possible about the origin of the BTC.'
https://news.bitcoin.com/kyc-requirements-are-making-icos-riskier-not-safer/You are again just trying to create FUD. We will not require origin of BTC or any other Crypto. We won't ask any background information to the users, only basic personal information. As I have stated before:
In one end we are working with renowned KYC providers who follow the strictest security policies, and on the other, we have top cryptographers in our team, a security expert working with us as our internal auditor and a third-party auditor looking at our code. So is safe to say we care a lot about security. Regarding the information, we are still defining details with our KYC provider but for now I can comment that we are only going to ask personal information about the user. No weird questions or background information.