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Showing 8 of 8 results by malinda92
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Topic
Board Beginners & Help
Re: Why some ICO required KYC?
by
malinda92
on 09/05/2018, 04:59:56 UTC
Many ico are starting requesting KYC also to Bounty hunters even if the revenue generated is not a pure investment.
I don't understand this logic.

I think they doing it to avoid scammers to make multiple submissions, so it's good to other bounty participants & project it self!!  Smiley
   
Post
Topic
Board Beginners & Help
Re: Why some ICO required KYC?
by
malinda92
on 08/05/2018, 10:33:49 UTC
This is now required while some ICO would surely scam anybody they would first provide information about the project and the people behind it, That is why they should know their client or customer so they will not get scam by that certain ICO, We can never know what ICO are legit or not and we should be aware and prepared for it.
Many projects, which wasn't scam, fall down after ICO.
it is not about all ICO projects...
So, some ICO need KYC, and, i really understand, how ICO can be hard for people, who creating this project.
So, maybe, they have only one achievement - going to ICO.
They haven't achievement - developing their project.
And, when they going to ICO, they thought, that they achieve their goal.


okay! this one is really confusing  Roll Eyes
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Topic
Board Off-topic
Re: Bitcoin & College students .
by
malinda92
on 08/05/2018, 09:43:03 UTC
I think spending your bitcoin money to study is the best future investment you can do.  Wink
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Topic
Board Beginners & Help
Re: Why some ICO required KYC?
by
malinda92
on 08/05/2018, 07:54:46 UTC
i don't think this section belong to bitcoin discussion section since it talk about ICO not about bitcoin i suggest that you should move this to altcoin discussion section. Although since you brought this up, the answer is ICOs especially in america required that their investors are required to do an identity verification since it was ordered by SEC in america to prevent fraud or money laundering. i don't know they do this in other countries too.

I think now it's moved to Beginners & Help section, Sorry for my misunderstanding of posting to the wrong section.

Btw i have much learned by all who posted their opinions in this post  Smiley
Post
Topic
Board Beginners & Help
Re: Why some ICO required KYC?
by
malinda92
on 04/05/2018, 10:32:18 UTC
there are a lot of ways for making money one method is to steal other people's identity and documents and sell it on the dark market. these ICOs are currently gathering cryptocurrency users information and creating a database from them which then they will sell elsewhere and make some money from doing so.

Seriously ?  Huh 
So Most of people already lost their identity on the internet. this is really bad to hear Lips sealed Lips sealed
Post
Topic
Board Beginners & Help
Re: Why some ICO required KYC?
by
malinda92
on 04/05/2018, 10:23:18 UTC
It is because the parent companies need to show where they obtained their funds from and verify its not come from illegal activities.  Once listed that burden technically shifts to the exchanges, or individuals to be responsible.

Really thankful to you for give me answer penig Smiley

another question; if we submitted to our identity via KYC process, is there have any risk to leak our personal details ?  Huh
Post
Topic
Board Beginners & Help
Why some ICO required KYC?
by
malinda92
on 04/05/2018, 10:00:39 UTC
Because after ICO Tokens Can be buy anyone without submitting any KYC  Huh Huh
Totally confusing this process  Roll Eyes
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Topic
Board Other languages/locations
Re: සිංහල (Sri Lanka)
by
malinda92
on 03/05/2018, 05:14:33 UTC
Niyama wedak machnala.  Smiley
digatama meka adimu Grin Grin