Quote from: zahed on September 08, 2018, 10:01:30 PM

Quote from: danilic on July 28, 2018, 05:27:57 PM

The KYC procedure in my opinion is fraudulent. You do not know who they will sell your data and how they will be used in the future. It's just very life-threatening.

I agree with your compliment. Most of the time KYC compliance is very harmful i think. I don't trust it because anytime they sell our data so that's not fully secured. Personal data hijacking is big harm and facing problem at future. Even someone can use any illegal activities.

I completely agree. Checking KYC does not give anything useful. Let anyone publish data on how much money was laundered as a result of KYC activities and how many people were prosecuted. I am sure that these will be either isolated cases or zeroes altogether. Is it worth all this effort? How is the database collected and used during the KYC verification generally used and stored? No, this entire information without any protection is stored in the company that collected this information.