When Crypto Wants KYC
Many crypto ICO and Airdrops wants you to do KYC to join.
And if you encounter such this scheme, just stop and leave!
Most of this scheme who ask for KYC are scam.
They don't have the reputation to do the KYC,
and might be using your personal info in exploitation.
The entity who are qualified to do the KYC are those private, trading site, that involve large money transaction who are operating in years and earn good reputation in their expertise.
But many of new crypto ICO wants KYC and I think this is not good idea to join them!
Many exchanges that don't do KYC
They prefer decentralize as many crypto holders wanted anonymous.
Interesting information and it is very useful to know!