Post
Topic
Board Marketplace (Altcoins)
Re: KYC, during or post ICO?
by
JMD07
on 28/08/2018, 13:34:00 UTC
What is the  pros and cons of doing the KYC during the ICO or post the ICO?

I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach

 
The team are just following regulations given from the government from where they ICO located. It's a mandatory to know who they are dealing to and identify where the money came from. If you don't want to undergo KYC then find those ICO that does nor require KYC to participate on their ICO. It's so risky to give your personal data to them and you don't know if they will use your data to other proposes. What if?