I am not fan of KYC. I know there might be other threads about KYC. But I would like to describe myself why I am not fan of KYC.
Main reasone of I am not fan of KYC is fake ICO.
Be careful before submit your KYC on any ICO website. It might be harmful for you once.
True in case of ICO you must be very careful who you provide your most personal data.Main reasone of I am not fan of KYC is fake ICO.
Be careful before submit your KYC on any ICO website. It might be harmful for you once.
In general KYC is to secure safety of exchange/website as money exchange. Many websites wouldn't do this if they weren't required to. If they won't they will be responsible for money laundering. Its shame, its painful and bad for each side (client/website) but best for IRS
