Tezos Co-Founder On KYC Demands: It’s ‘Not My Call’


Tezos co-founder Arthur Breitman has said the decision to perform last-minute know-your-customer (KYC) checks on ICO investors was “not his call.”
‘Counter To Everything You Stand For’
In posts on social media following the news — which cryptocurrency commentators had previously forecast — Breitman appeared resigned to the fact that anyone who purchased tokens in Tezos’ July 2017 ICO must now reveal their full identity before receiving them.
An official statement and accompanying FAQ from the project confirmed the new requirements:
The Tezos Foundation requires contributors to its fundraiser to complete this KYC/AML process in order to access their recommended allocations in its proposed genesis block.
Users, meanwhile, hit out at Breitman after the KYC self-reporting tool went live June 10.
“The announcement and faq say nothing and this appears absolutely counter to everything you stand for,” one Reddit user wrote, to which Breitman replied —denying responsibility.

A Classic Case Of ICO Risk?
The latest debacle for Tezos comes less than a month after a long-awaited announcement that the platform was ready to launch in beta — almost a year after investors sent Bitcoin and Ethereum for tokens they have yet …

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Dave Seer

My name is Dave Seer and I'm an expert about bit coin cryptovalute criptomoney etc.

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