Bitcoin

KYC Requirements Are Making ICOs Riskier, Not Safer


It’s Easier to Open a Bank Account Than It Is to Participate in an ICO

Once upon a time initial coin offerings were open to everyone. That time was last year, and since then gaining entry to ICOs has become increasingly difficult. In response to regulatory attention from the SEC, crypto startups have begun to perform due diligence on aspiring investors. Thanks to onerous KYC requirements, the pendulum has swung the other way, presenting hackers with an additional prize – the data of tens of thousands of investors.

Also read: Many Token Crowdsales No Longer…

loading...

Most Popular

Copyright © Twet

To Top