KYC Legal

Give me a chance to begin giving you a little foundation data, this present organization’s basing out of Eastern Europe with a differentiated collaboration of counsels and numbers that extend over a few distinct nations, KYC, in the event that you don’t recognize what that is, it intends to know your client and it’s a check of ID getting into the crypto, bitcoin world thus the issue clearly is misrepresentation fraud and waiting extended periods and now and again days to get your confirmation of your identity, gone through the procedure so you can go in and join a portion of the deals or even join trades and diverse things like that can take at times days, a few days, not a week or thereabouts as that is that is a major issue with what’s happening how quick things are moving on the planet. The way this organization settles this current issue is that the KYC legitimate stage confirms each KYC customer with an individual meeting and evidence of reported distinguishing proof by face to face check conventions.

Basically, KYC is “know your customer”. Now there’s many reasons you need to know your customer, a lot of them legal. You may have to have is a legal requirement you may also need it because if somebody for example loses their access, the password or something on a website. Know your customer will be some other information that you can validate them. What KYC legal is looking at doing is making this much easier for ICOs, exchanges, another platform that require KYC information. One of the problems you have with this information is if you’ve got it, you’ve to store it, you’re responsible for it also you got the issues of fraud and this is why going on some exchanges can be difficult sometimes because they want your picture with a passable and also, it’s in a right in front to it because they need to confirm that is actually you because obviously data can get stolen all the time. KYC legal has a solution for this which is basically you’d get on your phone turn around put a bit of information in there and then you agree to meet with somebody can validate you, one of the agents would then come to you and they will confirm your identity looking at your documents etcetera and confirm that is you. What I assume once you’ve done this once is you shouldn’t really need to do it again because once it’s all set up with the information on their system that should be able to validate you for pretty much everywhere that will take the KYC legal service and I can see it being a growing number because the first thing you got, as somebody say like myself running on ICO I could pass all that legal responsibility all of the data that is collected to you because I wouldn’t need that information I just need the KYC validation that is that person which KYC legal could provide beyond that all their things driving licenses, the passport photos all that stuff, I would have nothing to do with and wouldn’t suffer with date protection laws on holding that information because KYC legal would hold that data.

Obviously, it is not gonna be a free service but at the same time even when you’re doing this as a business it’s never free you’ve still got the security issues you still got a cost that is in the business somewhere so businesses will pay for it because it removes of that issue that exists on storing this information but also it means that they are personally checked somebody would like for example come to my house. Can I take a picture of myself to send it to them to say yeah I own KYC legal service my picture is sent to the agent they selected in my local area. I then go and weather so they come to me they look at me yeah that’s him, look to driver license, look the passport validate the information this is this person and then obviously that is validate on the system. The agents also have a more intense verification investing purpose so all in all this will be a very good system. There will be locations that won’t reach everywhere in the beginning but the fact is we focus on place of London all the major cities which they’re looking doing if we have a look through their whitepaper, they are already hitting the big area is where there know going to have a lot of customer usage not only from paper one their information stored. So, they don’t constantly have to keep putting their information everywhere. every time you go to exchange you are going to be asked passport photo, utility bill you’ve got to have all this information but every time you send it somewhere is at risk of another person hacking and stealing it.

So, having KYC legal deal with these issues, in theory your information should only be with them. You shouldn’t need it all over the internet you shouldn’t need to constantly be signed up here there another everywhere with all your day to be spread around because it defeats the object. Because if somebody hacks into one of these and got a copy of passport, your driving license, utility bill they can have another account somewhere else but with KYC legal that wouldn’t be possible. So, I would say much better system, good idea and I can say being one of those I see as that will actually go off and make a good business. They have already past their soft cap which is also a very good sign is one to be worth investing in because they are already at the point where they can make a completely up and running as quickly as possible and get in a good ROI on it as well as an investor.

They’re 8 members and they’re basically from all over the place, all over the world coming out Eastern Europe but then the advisers as well all over, across United States, Europe, London several different places. So, there’s 8 team members 10 advisorsIt is a balanced team surrounded by a balanced advisory board that will keep them in check bring them into accountability in you can actually look into their life and see who they are in your own investigations of that so very nicely done. Do they have a working product or service yet? Yes they do, they’re in the beta phase of their project in their footsteps go back to early summer 2017 where they realized having seen KYC for coming out the very first part of last year they jumped on board with this new technology of verification of identification and they’re going to make it easier for everyone in the world instead of waiting several days, they are gonna bring it down to underneath an hour they’re saying around 30 minutes or so and they are going to be verifying this with local agents all around them so that’s really a well needed service to answer an issue in a growing economy in the crypto world.

One of the things we look for are there any countries prohibited? On the website, you’re not gonna find, there are no countries that are prohibited from buying into this particular coin sale however if you go to their legal terms, it’ll tell you in kind of vague language but they make it they make it out there they put out to for everybody to invest at their own risk restrictions of participation the following people are forbidden to use our services persons under the age of 18 and persons who are not allowed to participate in such activities like ICO by the law of their country so they gonna leave it basically to the law of your country and for you to decide whether it is legal for you to participate in this ICO or not. The coins will be distributed 7 days after the end of the sale. There’s going to be 42000000 coins and not a lot of coins. What does that mean? that means that you know if these were billions of coins in the amount of market cap that’s going to bring in is going to keep the price of that took and relatively low. 42 million tokens is a very limited supply and of 42 million only 35 million are going to be sold.

It is an ERC20 token and they accept bitcoin, ethereum and FIAT currencies. It ends on March 1 but it could end earlier if they sell out and they’re well on the way to doing that. This company is bringing a service to the world that is going to be absolutely paramount because people are going to want to hurry up and get into this crypto revolution in to bitcoin world, their eco system and they wanted to get into it as quickly as they can and the KYC can hold you up several days and if it’s over the weekend it could be a week or so before you get involved a mean while the prices of the currencies you’re wanting to play around and buy an investment are only going up and so they’re going to bring this down to they say a 30 minute or so window of getting someone local, a local agent verify who you are and get you all signed up and then from that point all you have to do is it’ll be your identification will be on the blockchain and all you have to do is send the information and you are immediately verified to the KYC legal program. It’s a wonderful program with a wonderful team and advisory board and the everything about this sounds and rings very solid in my particular opinion.

For more information:

Website: https://kyc.legal

Twitter: https://twitter.com/KYCLegal/

Telegram: https://t.me/KYCLEGAL

Whitepaper: https://kyc.legal/WhitePaper-ENG.pdf

Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2370568.0

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035

ETH Address: 0x76cc93e01a6d810a1c11bbc1054c37cb395f14c8