Post
Topic
Board Beginners & Help
Re: Why some ICO required KYC?
by
rizkypurwati
on 04/05/2018, 11:12:56 UTC
Because after ICO Tokens Can be buy anyone without submitting any KYC  Huh Huh
Totally confusing this process  Roll Eyes
KYC= Know Your Customer is one of the criteria signed by the ICO initiator companies during their registrations. Apart from the need to comply with the regulators, the companies need to stand clean before any jurisdiction. If the ICO is over, the whole burden of KYC is lifted off their shoulders and then to the exchanges.
This rule is useful to avoid bad things, in addition to preventing financial abuse KYC also ensure the security of investors. staying safe and comfortable in investing is mutually beneficial