Post
Topic
Board Serious discussion
Merits 1 from 1 user
Re: KYC Safe or Threat
by
easemypain
on 19/04/2018, 09:21:03 UTC
⭐ Merited by olumyd (1)
Know your customer known with the acronyms (KYC) is the essential regulatory requirements for the survival of crypto-currency in the digital world, project owners scrutinize investors for authentication using this innovation, Talking about the safety of KYC, this should be a huge challenge for the offeror of tokens or coins. Although it is in the best interest of the token investors that KYC is carried out properly, the information received from the investors which comprise of the name, address, an official ID, proof of residency and birthdate, this are computed and compared with the legal database to ensure conformity. This is still in its infancy stage with time KYC will become a norm in the crypto-community and the issue of safety regarding the personal information provided by investors will no longer be a thing to be worried about.