Quote from: mnporter2001 on October 08, 2019, 09:07:02 AM

Quote from: louisBSAS on September 09, 2019, 09:19:49 PM

Quote from: Caishen_Project on September 08, 2019, 08:04:02 PM

Friends, personally am done with submitting my personal information for KYC to any bounty, project or even airdrops. I made this decision after 90% of project that requested for KYC won't make it to exchange. It's so frustrating and disappointing.

KYC is not a good idea for everyone. Not all people from the crypto market participate in bounty campaigns, but everyone trades on crypto exchanges. And I dont really want to go through the KYC on exchanges, because I dont know which regulator the exchange will transfer my data to. And why did the exchanges located in offshore need my KYC data?

Very simple. They need KYC of everyone to use their exchange because of the laws in the country of exchange. And if you're in a banned country, you can't use their exchange

Exchangers certainly do not want to take risks by violating regulations that have been set by the government. KYC is needed by exchangers because to avoid suspicious activities and I think this should be supported because for many people who don't understand, the cryptocurrency market is a place to launder money