Quote from: BQ on May 12, 2018, 06:59:58 PM

How will the project handle legal aspects
A lot of the legal machinery can work slowly, and a project can't haphazardly acquire necessary legal documents.
Many projects demand KYC; while many does not demand KYC - which they should, for the legal aspect.
KYC = Know Your Customer, essentially providing things along the lines of a passport picture and various personal information.
This is due to things such as Money Laundering.
If a project doesn't demand KYC, at this point in time, that is in my view, a reason for concern of the project's future, in terms of facing legal issues, and thus the projects legitimacy in general.
Scam projects could very well sell your information.
This also applies for bounties - be careful with what information you provide!
I personally join bounties simply for 'why not', but I never join any project asking for my personal information.

This is an interesting point. So we need to be concerned about projects that doesn't require KYC, but I don't want to give out my personal information either - seems like a dilemma. What should we do then?

othotr

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