Post
Topic
Board Altcoin Discussion
Re: Am done with KYC
by
Ozero
on 19/07/2019, 17:18:21 UTC
but not all bounties that require participants to do KYC have a cheap price, there are number of KYC bounties that have quite expensive prices, they are not from KYC or not but it all depends on the team in developing, but be careful if you want to do it
I believe that the implementation of kyc should depend on the value of the project that it carries. if this is some kind of project with a utility token, then I don’t understand why we need kyc in this case
The FATF task force, whose recommendations are actually mandatory for more than two hundred states under the threat of using large penalties, determined that the KYC check should only take place if the amount of the transaction sent or received exceeds one thousand dollars. This decision should have come into force and applied by the ICO teams.