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Amed Silas Mbourou

  Verified Member Last seen online, 6 days ago
  1. Amed Silas Mbourou
  2. Local Talks
  3. Monday, 29 October 2018
Hello,
I won to know if the kyc particated are some risk ? What's there risk ?
It's good to do the KYC ?
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The risk of giving out your information is exposing yourself to possible risk of someone using your information to do illicit activities or gain access to your accounts like bank accounts, online wallets, credit cards or other online services that lets you recover you account. That is why a lot of people are very cautious in giving out their information.

Another thing, once the site starts asking pertinent information about their users they will be subjected to GDPR.

"The General Data Protection Regulation (EU) 2016/679 ("GDPR";) , a regulation in EU law on data protection and privacy for all individuals within the European Union (EU) and the European Economic Area (EEA). It also addresses the export of personal data outside the EU and EEA areas".

This means the site will be deemed as a "data controller" which will be responsible for the data of its users. If the site gives out information without the explicit approval of its users they will be fined 20 million EURO/$22 milllon USD or more.

That is the reason why a lot of other sites are very careful enabling KYC. On the other hand the site owners and developers want to grow the site organically and would like to avoid users who are using bots to abuse the site incentives.
  1. more than a month ago
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KYC is giving some of your pertinent information. This is necessary for validation of your identity. Hence we need to be caution whenever we give our personal information. Check the legitimacy of the the project.
  1. more than a month ago
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hi broo....
have to project socialcript
  1. more than a month ago
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