THELOGICALINDIAN - Tezos cofounder Arthur Breitman has said the accommodation to accomplish lastminute knowyourcustomer KYC checks on ICO investors was not his call
In posts on amusing media afterward the account — which cryptocurrency commentators had ahead anticipation — Breitman appeared accommodated to the actuality that anyone who purchased tokens in Tezos’ July 2017 ICO charge now acknowledge their abounding character afore accepting them.
An official statement and accompanying FAQ from the activity accepted the new requirements:
Users, meanwhile, hit out at Breitman afterwards the KYC self-reporting apparatus went alive June 10.
“The advertisement and faq say annihilation and this appears actually adverse to aggregate you angle for,” one Reddit user wrote, to which Breitman replied —denying responsibility.
The latest beating for Tezos comes beneath than a ages afterwards a long-awaited advertisement that the belvedere was ready to barrage in beta — about a year afterwards investors beatific Bitcoin and Ethereum for tokens they accept yet to receive.
The ICO aloft $232 actor — the better sum anytime for an ICO at the time — but consecutive infighting, customer lawsuits, and abstracted barrage attempts led investors to agnosticism the activity would anytime become a success.
The KYC aspect — compulsatory for users to acquire their bill — additionally became a antecedent of criticism aural the cryptocurrency community, with amusing media analyst WhalePanda because it a assignment in the “risks” users acquire back accidental to an ICO.
“If you ‘donate’ to an ICO you’re demography a huge accident and you absolutely depend on that aggregation and what their acknowledged (council) tells them to do. If you can’t alive with that, don’t buy ICOs. It’s your own claimed responsibility,” he wrote Monday, while additionally anecdotic Tezos as a “dumpster fire.”
Last week, a abstracted anecdotal involving countersign admission to accept bill sparked agitation amid investors, who appeared blind they had ever created a password.
What do you anticipate about Tezos’ KYC requirements? Let us apperceive in the comments area below!
Images address of Shutterstock, Twitter/@WhalePanda.
