Quote from: helloal on March 05, 2018, 10:02:17 PM

Quote from: multinova on March 05, 2018, 09:29:46 PM

Quote from: Korsakopf on March 05, 2018, 09:28:20 PM

Quote from: bitcoin-shark on March 05, 2018, 09:02:12 PM

Quote from: sambuki on March 05, 2018, 07:36:20 PM

Quote from: Fermin AK on March 05, 2018, 07:15:14 PM

Quote from: CryptoCutie on March 05, 2018, 06:36:18 PM

Quote from: mandibleclaw on March 05, 2018, 05:51:25 PM

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 general i am against kyc for both to participate/invest in the ico and to be able to collect/claim bounty, but in this case (biotron) since it is a company that will claim/sell personal data i would have nothing against...

I really don't like it either, but governments do demand it these days and demands are getting stricter and stricter. So you want to not only be sure you're compliant right now, but also be ready for changes that might be coming in the next few months.

I don't think it's so bad.. if the taxman comes over you can always proof that your earnings are not money laundering or so.

Unfortunately, time and time again we hear about data breaches in both government and private company databases, so ideally we wouldnt need to provide our sensitive data that will likely end up in the hands of hackers

That's because we don't have enough trust for DBs that may store our vital personal information. If it was without human error, maybe we could have trusted it. I hope Biotron will manage to change it.