Post
Topic
Board Altcoin Discussion
Re: Am done with KYC
by
Kopyleft
on 24/03/2019, 15:19:14 UTC
This can only be said for projects you have interacted with. KYC is becoming an integral part of the system as much as we try not to admit. Scams and fraud have prevailed in upstarts in cryptocurrency, and as we move further towards STOs verification of devs and investors would become more important.

KYC does not put an end to scams or fraud and there is the risk of stolen identity why you have to verify the agency handling the process. If it's personally handled by the project endeavour to check the terms and privacy policy.