Be very careful sending in your passports and govt id's for KYC. Your 1 scam project away from having your identity stolen for god knows what on an international level.
Also look very closely at the "projects" asking for this. One of the major points of crypto is to be anonymous. Do not give this up. If you keep sending in your "papers" to strangers you will get burnt eventually.
Think about what the authorities will say to you when your identity has been stolen. They are going to ask why in the world you would give your personal info like this to a stranger on the internet. It makes no sense on any basic level to give your info out like this.
JPMOGAN does not even ask us for this level of identification when opening an account.
Think about it please.
If we all deny the KYC projects this invasive procedure will go away.
To anyone who has been giving your passport online you had better get a service to help protect you from identity theft as you have handed your most personal of information to complete strangers you do not know. They can use your passport for any reason including terrorist acts.
Imagine the terrorist cells starting a project and getting all the FOMO warriors passports because they got in such a rush and turned off their brain. Now you have real problems.
Good luck guys.
It's a real problem that should be solved by some most advanced KYC crypto project. The demand is now very high so I hope we'll see some KYC blockchain solution in a few months.
This KYC should be abolish because although it will give them comfort that their investors are real but the point of this KYC seems like nothing.
We can't guarantee that the identities we are getting are real because everything can be faked in internet. And the worst thing happen is that those persons who give their real identities will be facing some identity issues in the future like identity theft etc.
This KYC is non sense, and if they do really needs my identity information then I won't give them my real identity because everything can be edited and faked through the help of some computer applications like Adobe Photoshop.