Lawful issues are one of the top 3 dangers that can sink your ICO. The explanation for this is simple: the legitimate scene is changing rapidly and you need to modify your business to these changes. There's one solitary point which has kept a similar shape for quite a while as of now. And it originates from the antiquated pre-blockchain time. It's the Know Your Customer process
What precisely is KYC?
KYC means 'Know Your Customer'. It is a procedure to verify the identity of your investors. It requires the data sharing of investors, for example, record scans, to ensure they are a genuine individual. Every investor should pass the KYC procedure and give their accreditations so as to participate in the ICO. This is a fundamental measure to guarantee that the ICO ventures are working with authentic individuals.
Principle issues with KYC in the Cryptosphere
For some, individuals out there, a KYC is an inconsistency of blockchains obscurity. In addition, usually saw as unsafe - you arecontinue reading →