Post
Topic
Board Economics
Re: KYC for penny money?
by
tyz
on 07/05/2019, 16:50:27 UTC
KYC has nothing to do with the amount of reward received for joining a bounty program.

of course it does matter because afaik kyc is commonly done on bigger transaction like for example if you are withdrawing a huge amount of cash and if you are an investor of an ico but kyc on an airdrop and on a bounty is not usual anymore .

Wrong, it used to be like that in the past. Meanwhile, a KYC is mostly requested from bounty campaigns for every sum (even very small ones of $10 or $20). This is ridiculous from a regulatory point of view. Often it's just about fishing identities. If you're in Darknet, you'll find a lot of offers of different identities with a copy of the ID and a bill where many will surely come from KYCs.