I have checked their Early Adopter Program and I saw that it costs 0 EURO to get IBAN and Debit Card . Do I need to do a Know Your Customer process to be able to use that plan ?
For that plan yes you have to send them KYC documents like identity card , passport , driver license etc .
But you can go for first plan which it doesn't include debit card and no kyc
The first part is 100% correct.
But after we release the Beta, in case we launch a Security Token Offering, the people that would like to participate in this offering will also have to pass a KYC, because these tokens are securities and we have to be compliant with securities laws from EU. Basically, we are not allowed to give shares of our company without knowing who owns them.