Quote from: ubay on August 17, 2018, 10:36:55 AM

Quote from: dokie987 on March 13, 2018, 11:51:17 PM

KYC is stands for "Know Your Customer" and i think this is a system that identifies the true identity of a participants. And this KYC is important in order to validate cheaters and those scammers. But sometimes it can be used also by those scammers also by pretending to have a n ICO and will ask your information for their own benefit like using your information for bad intention and this is the disadvantage of KYC system implemented.

Good thinking, investors also need trust in ICO developers with KYC. So they can get to know each other and investment will be safe.

ICO should know their investors because as far as I know there are some countries that banned crypto and in that case they need to avoid the netizen to join in any ico where crypto is banned .