Post
Topic
Board Project Development
Re: Financial value of KYC verification
by
Dilerium90
on 11/05/2019, 09:56:35 UTC
Hello, I would like to ask:
1. For how many dollars could you give someone KYC verification?

2. Do you know what value our KYC has for companies (such as Coinbase), why do they pay for it? They sell them to someone?

Thanks

Lol...

KYC info of your users should not be sold... Companies such as Coinbase are required to have that information by law because of the AML regulations.
Yeah, but really, what prevents them from selling this information or using it? Of course, all cryptocurrency exchanges require KYC for verification, but I believe that this data is not always used solely for the purpose of confirming identity. And it is quite possible that this data can be sold somehow.