Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Biotron.io Announcement - Transparent personal data analytics platform
by
MandatoryOption
on 05/03/2018, 20:47:02 UTC
KYC is mandatory for every ICO, if anyone question this it means that it's not clear for you that SEC and other agencies are going after shady ICOs

for many ico its only mandatory above 2-3 ETH. For under 1000$ its bullshit imo. No state or government demands it.
I imagine that for small amounts it is not necessary since it does not make sense for governments to investigate small money transactions.


Evenmore, in fact I found there was a project that requires their bounty hunters to include their data in order to claim the rewards. This is very ridiculous for me.

In my opinion it makes no sense that there is no KYC for small transactions. If someone is laundering money what prevents him from using different eth addresses?