Just recently I saw an ICO that asking a monthly income and bank account statement for a KYC. It's said on their KYC form that it is important for them to know the financial capacity of their token holders or buyers.
What can you say about this requirements?
Somebody here did it before?
What can you say about this requirements?
Somebody here did it before?
For me it defeats one of the true purposes of cryptocurrency which is giving freedom to all the unbanked people. Many people who engage in crypto/ICO/Bounty campaigns are either unbanked or broke. So how can an unbanked person provide bank account statement? But i also understand that they need this because of governments regulations and stand when it comes to ICOs and cryptocurrencies. Still as i've said it defeats the purpose of decentralization, freedom for unbanked people, and undermining governments and centralized system of conventional banking.
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