I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
That is how it is supposed to be. It is also supposed to be given by a verified company. The devs are never suppose to see your personal info. You should get verfied once by a company that does KYC and will protect your data. From then when asked for KYC you just direct the person to the website and they check that your status is in the green. In doing so you only ever expose yourself once to one company that legally must protect your data. I don't see why this is such a problem. Noone has any business asking your your personal details. If they are then they must have bad intentions or using it as some sort of excuse or another.