Quote from: Farma on November 26, 2019, 08:20:44 AM

Quote from: LUCKMCFLY on November 25, 2019, 11:30:07 PM

Quote from: Ambucrypto369 on July 19, 2019, 06:04:06 PM

~snip~

Currently I do not see any advantage to do KYC, the idea of this is decentralization and maintain anonymity, the tendency of governments and banks has always been to end anonymity for them to have control.

The only advantage of KYC that I see is for the ICO, IEO projects, which is taken as a protection measure to avoid scams that have fallen so much some investors, however there is the latent risk of using that data for other purposes or worse still sell them .

the benefits of KYC are aimed at developers of the exchanger, ICO, or IEO. however, before there was a sales system like that, KYC was not needed. besides KYC is only used to obey government regulations, but some projects do it to avoid scammers.
in general, KYC is used for such things, but many investors do not want to do that, so KYC can only be seen as beneficial from the developer's point of view.

not really , because the developers of the ICO ,IPo ,IEO and all that jazz have to comply with the regulations in order to launch
what use do they have of the KYC if they cannot enforce anything legally against a potential scammer
some projects require KYC to deter scammers , not to protect themselves , since scammers will do their thing KYC or not
but with AML and KYC they are losing many potential clients who do not like their documents to be sent to random companies ,while definitely saving money on paying out to "beginner" frauds