Post
Topic
Board Altcoin Discussion
Re: The misunderstandings in KYC (know your customer)
by
proTECH77
on 13/03/2019, 07:29:59 UTC
I think KYC is not a problem because they want not to have many account users. And as long as they ask for KYC, we must check and be careful. But they also don't force you to do KYC. So you can also reject it, but as a result, you don't get tokens.

We all know that KYC is never a problem if your intention to do it at first is in you. Many Bounty Campaigns and Exchanges will not at first require your KYC but whenever they intend to payout their tokens to the participants then they ask for KYC including your Pastport and ID's, also, most exchanges will not demand KYC when making your deposit but demand when you request for withdraw. This is what i called "conflict of interest".