Quote from: Valovut on October 17, 2018, 12:04:56 PM

Most annoying word for me is "KYC". Especially for ICO, even an ICO has fake team but they are asking for KYC. They need real person for holding token but what about themselves? It's too high risky to submit KYC lately. They could sold or share our document which is most dangerous for us. Total crypto industry is not regulated than why we should regulate ourselves by an ICO? We should avoid this kind of ICO who asking for KYC. Than all ICO never ask for it.

Though KYC is not an annoying word anymore because some great ICO project even asking for KYC! Without KYC, investors are not able to participate in their ICO, but I agree with you, we should stop doing KYC rather we need to ask them to verify KYC first. As people are investing without knowing the ICO team, then why they are breaking Crypto anonymity?! But The sad part is, everyone keeps doing KYC thing, no one ignored! Maybe they can arrange another idea to verify ICO investors but this KYC system is really suc's.