I can see that soon almost exchanges and even ICO programs will be requiring us to do the KYC procedures where we are required to pass copies of our legal documents before we are granted entrance or the use of the services or programs we are interested with. This can be as common as having a password or 2FA.
Now, personally I have no big problem with it though just like anybody else am also concerned that my personal information can be divulged to anybody or a group that might use it for any illegal purpose. This is one risk we are facing once we are actively living in the online world. Evil people who can be thousands of miles away can now be just one click away.
What are your apprehensions about the KYC procedures that will soon be as popular as noodles?
Lol....aren't afraid of KYC ..to me personally; only criminals wouldn't want to subject themselves to KYC procedures!!
And the issue of saying that you don't want to do kyc because your personal data can be stolen isn't a good reason! Proposing and suggesting ways in which ICOs platforms can safeguard kyc data is the way to go!!!...kyc is a great way to go if really we are really about massive adoption for cryptocurrencies!...there are so many institutions and individuals who have invested in ICOs with illicit proceeds- which is really bad!! Kyc is the way to go!!!