https://lnkd.in/dq5GeqCCargoCoin new legal opinion by a New York licensed attorney - Nikita Tepikin with NYC registration number: 5251814. According to the legal opinion CargoCoin is not to be considered a security, but a utility token.
Utility tokens right? That can be also be traded or redeemed when you are using their platform. Do the investors need KYC for to receive tokens when investing?
As I always have mentioned asking KYC for tokens ESPECIALLY if you're not even based off in a country that requires them is a really shitty idea
Definitely right, some investors doesn't like KYC especially if the platform doesn't have enough reference to deal with. It's more better if they just ignore about it so that there is a chance that many will support the project.
Why do we just required to reveal our identities we just choose crypto for a code of address where we can easily invest our funds and do gain some profits. These identity may lead a threat for us so we do not wish KYC.