Post
Topic
Board Legal
Re: KYC challenges
by
Harlot
on 28/10/2018, 13:20:46 UTC
You make a good point about the KYC issue which I also support and believe it solve the issues of money laundering but to be honest KYC issues also make cryptonier to be vulnerable because of the issue of data linkage which could expose people to hacker, theft and fake id users.
Nevertheless, i have a bad feelings about the whole KYC things because the FBI nab some people involve in money laundering and illegal right before the implementation, why didn't they use the same process?
Well in order to solve that problem we must know what ICOs are backed up by the government and what ICOs are not. Some ICOs are really just here to gather some data in order to solve this information to other people, this ICOs are really not here to comply with the requirements of the government but to earn money from your data. Easiest to avoid this one is to participate on ICOs you know that the are locally allowed to sell because participating a pre-sale internationally without any good background is a big risk for your personal info.