Quote from: onebtcforlife on March 22, 2018, 12:02:34 PM

Quote from: CryptoKu-een on March 22, 2018, 10:09:14 AM

Just a question, from what I read and know of, KYC's are just present on ICO's right? I have seen some coins that are already asking for KYC while just on the airdrop and bounty stage and scheduled for pre-sale(not yet started). I am just confused, something's not right about that or it's the new thing being implemented? The projects look so cool though.

Don't confuse about the KYC procedure, soon many companies will start asking this KYC documents for further regulatory activities. If a company is asking for KYC, maybe internally their legal advisory department will start asking to follow this procedure in order to protect from scammers.

I am interested in how companies will ensure the safety of the data that they provide investors. We constantly see that around the world periodically there are scandals with leakage of databases. It is not known for what purposes this data will be used. This has me concerned. Everything else doesn't scare me because I'm not a terrorist.