Quote from: Undevd on October 29, 2019, 03:30:38 PM

Quote from: CryptoBry on April 29, 2019, 08:15:39 AM

The KYC requirement in many ICO projects has been the bone of contention of many investors and supporters with many thinking and feeling that this is not needed as this is the industry that proposes decentralization, anonymity and privacy. However, a project can argue that it is the law that requires them to know their customers and they are in fact just following the regulation. The problem is that KYC is not a guarantee that a project can never go down the coffin and run with the investors' money...maybe travelling to the "moon" and have an indefinite vacation in there until the victims can forget their misfortune of trusting them.

Now, if these project owners can require us to undergo the KYC process...should it not be rational that they themselves submit to the same so that we can be sure that we are dealing with real people with real address?

I agree with you. If some project requires pass the KYC ,then the team should do same. It would be very fair.

Who would verify those kyc if this will happen.
Regulation will be needed to evaluate if their identification will pass and to know if this is legal information. If they will undergo KYC without anyone who will look for it, then it will be useless.