Post
Topic
Board Tokens (Altcoins)
Re: 🔥⚡[ANN]⚡🔥 [pre-ICO started] StopTheFakes.io [STFcoin]⚡Anti-Counterfeit & ...
by
MelnikBitok
on 01/03/2018, 19:02:24 UTC
I have just thought and here is my question. If participators will be from China, USA, how they will use your platform? I mean both customers and executors. Do they need to pass KYC for using your functions or something else?
I think so, working without  KYC identification in some of that countries is illegal. But whats the problem, Know Your Customer is easy  to pass procedure.

The thing is that investors want to stay anonymous. If you will pass KYC in scam project, it will fraud you and can use personal info (loans, bank accounts, even for address tracking and theft). So, I know many persons who invest in projects when their tokens listed on exchanges.
If information is leaked to the ISO that every investor will have to pass KYS, then this can negatively affect the popularity of the project.