Blockchain Academy
We'll get together for networking with people interested in Blockchain including developers and anyone curious about Blockchain.

KYC

KYC is a procedure under a category of AML identifying the token recipients. It has been used before the cryptocurrency as regulations, which identify clients and prevent financial institution's service from money laundering or illegal acts. The cryptocurrency transactions are made anonymous and many people had been participating without regulations of state or institutions in traditional ICO. As the value of cryptocurrency increases, each government started to make it mandatory for ICO held companies to submit client information when asked.

There are certain ICO without KYC policy, but more and more ICO requires KYC when the amount of investment reaches some level. To process KYC, people need to submit photos of themselves holding a picture ID card or a passport, or a photo and pictured ID card separately. When submitted, the photo is verified by either a person or an AI program, if the information and the photo in the ID card are matching the person.