Post
Topic
Board Legal
Re: Are You Afraid of KYC?
by
jaocoincrypto18
on 19/06/2018, 05:50:55 UTC
n way we not afraid for the required KYCs i think its good for our security
I do not understand how it can be good for security that you transfer your personal data and copies of your documents directly into the hands of scammers? According to statistics from 902 ICO projects, a third turned out to be scammers. Even if a company that conducts an ICO and is registered in a country where it is required to conduct a KYC audit, this does not mean that such a company will not later be fraudulent.

And that is why we need to ensure that the ICO is not a scammers because not all of the ICO is a scam but still there is nothing we can do because we need to abide with the law by passing of KYC documents and government issued ID"s as per regulation policy that if we will not submit them then better not to join any Crypto currencies investments but better to join any investments that not related to crypto. Its your call.