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    Author Topic: Why KYC is extremely dangerous – and useless  (Read 6169 times)
    1miau (OP)
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    February 12, 2020, 12:01:57 AM
     #61

    thank you for the great article!

    Turkish translation
    https://bt.irlbtc.com/view/5224492.0
    Much appreciated, I've added it:

    Languagetranslated by
    ________________________________________
    Turkishyslyv


    For ICO's yes, for exchange like Binance just needed.

    But we have to trust some sites if we want to use them and sites like binance, coinbase etc are one of them.
    Cheesy Cheesy

    https://www.coindesk.com/binance-kyc-issue

    https://cointelegraph.com/news/coinbase-former-provider-sold-user-data-to-third-parties-prompting-neutrino-acquisition

    Quote
    It was important for us to migrate away from our current providers. They were selling client data to outside sources and it was compelling for us to get control over that and have proprietary technology that we could leverage to keep the data safe and protect our clients.


    ICO also make KYC compulsory so if you will not submit your KYC, you will not be able to participate in ICOs. We really don't have much options in this regard.  Sad
    Really depends on the country where your ICO is based. If you are based in US, you are most likely screwed currently but in Europe we had a large number of ICOs where it's totally legal to launch a new project and you don't need KYC up to a certain limit. I don't know how it's for other countries but I can't imagine SE Asia Africa for example is stricter than EU.

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    .
    ...SOL.....USDT...
    ...FAST PAYOUTS...
    ...BTC...
    ...TON...
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