Due to the requirement for a second KYC verification, I believe many users are starting to worry that if they are not using their real identity, their tokens will be permanently frozen. Naturally, the identity used for the first KYC must match the second one. For those who purchased fake identities, obtaining additional information about the same person will be impossible. This approach is highly commendable for the project.
I recall that in the early stages, many countries were restricted from purchasing tokens. For users who successfully purchased tokens using fake identities, the second KYC verification raises concerns.
However, one potential outcome is that the number of circulating tokens may decrease, which could be a good thing.
KYC isn’t ideal, but it’s a must in today’s legal climate , especially for a non-stock governance entity aiming for legitimacy. ( Read the fine print.)
Some IDs may have expired since onboarding, so re-verification is part of keeping records compliant. The team likely wishes it wasn’t needed, but they have to show they’re fully compliant and blameless across jurisdictions.
This is very good!, keep fraudsters out , and I agree, justice… and punishment! Don’t mean to sound greedy but it would be good if their confiscated WLFI can be shared among the “True Community” as a reward! … any news on the KYC?
, and I agree, justice… and punishment! Don’t mean to sound greedy but it would be good if their confiscated WLFI can be shared among the “True Community” as a reward!
… any news on the KYC?