Post
Topic
Board Altcoin Discussion
Re: Monthly income and Bank account statement for a KYC
by
Snaic
on 28/03/2018, 06:03:26 UTC
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?

I have also met such information that the ICO team requires the provision of such information about your financial capabilities. I consider this to be utter absurdity. When you buy a product, and the token is not very different from other products, if it does not yet provide any additional rights, as they are granted by the rights of company shares, you do not need to know your financial capabilities. This is required only if you take the money on credit, then this information is important for the creditors. In other cases, your financial capabilities should not be of any interest to anyone, these are your personal data.