Post
Topic
Board Altcoin Discussion
Re: Do I need KYC for generosity?
by
GmBoom
on 26/11/2018, 15:04:09 UTC
Recently, more and more arguments have arisen that ICO generosity campaign participants really need to be tested by KYC in order for ICO teams to provide information that their tokens are distributed to specific people. In my opinion, this generally sounds like something stupid. Who and why should the ICO team provide such data? Tokens are not much different from any other product, and stating that merchants need to know who they are selling is stupid.
You welcome the situation when we go into the store and in order to purchase any product and we will be asked to first fill out a special form with your confidential data? Do you think that this is different from the situation with cryptocurrency?
When you encounter projects like this that requires you to give out your KYC for in return for a coin. Seriously, get out on it. Do not intend to give your information on that easy. Protect you privacy with big confidentiality. Because it might be used so some cyber attacks.