In some States, this requirement is mandatory, so what you are saying is nonsense. I think that if the company requires KYC means not to use your personal data, but to make sure that you exist in reality.
Hi Mr. BeeKeeoEr,Well KYC is also used in some business not only here in cryptocurrency,
"to make sure that you exist in reality" TOTALLY WRONG.
How can you say this is nonsense?? Your statement is the nonsense one,
Read this spammers of altcoin discussion incase you don't get it:
Indeed there is no way to get any of that in the legit hands but in the troubling hands only. KYC is for the investors who put their real money on the projects and make a transaction. KYC is made for the purpose of tracking the user transaction, banking ways and much more so that it can help government know where exactly the money is going. Thats why its okay to ask for KYC to the investors but it doesn't make any sense when they ask about it to the participants as they dont have any real money transaction with them.
KYC is made for the purpose of tracking the user transaction It is mandatory to investors and contributors only! Are you reading?
^
we are not a user or a customer of a project, we are promoters. get it? THAT'S WHY IT IS CALLED A BOUNTY!
THAT'S WHY IT IS CALLED A REWARD!
THAT'S WHY IT IS CALLED A BOUNTY REWARD! *facepalm*