Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.
Of the 902 conducted last year by the ICO, about a third of the projects turned out to be fraudulent. And this means that there is a great risk that our identification data and copies of passports fall into the hands of criminals when testing KYC. It is not necessary to hope that they will not use our data with a bad intention. I think that providing such data and copies of their passports to ICO companies is very dangerous. This danger has only been lowered if the ICO is regulated and controlled, which will protect against fraud.