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.
KYS an important part of the ICO.
helps to avoid money laundering, terrorist financing and tax evasion.
Do you think so? But 90% projects are scams and do nothing. If scammers will get your personal info, what will they do with it! I am not talking about StopTheFakes, but look at the market abd you will see everything.
For example, you have 20-100$ k on Eth, BTC adrress and project can see this. They will know where do you live and who are you. Crypto world isn't anonymus enough, but with KYC and AML it will never be secure!