RE: AIRDROPS - do you LOVE OR HATE them? or simply don't care?

That’s right my friend @crypto.piotr KYC is also tricky because most ICO companies often don’t know what they are supposed to do.

As a matter of law, only ICO companies pursuing business listed in the AML regulations are “obliged entities” under KYC/AML laws. As a matter of fact, most ICO companies are not “obliged entities”. That means they don’t need to do KYC themselves. But they have to assist their bank...that is the “obliged entity”... to meet its KYC obligations.

This means they have to provide all the information the bank needs to identify the ICO investors. They do not have to identify ICO investors themselves.

Posted using Partiko iOS