Initial Coin Offerings (ICOs) and Token Sales / Generation Events (TGEs) have been responsible for billions of dollars of funding coming into the blockchain space. While this has accelerated the development of companies like Civic, it has also attracted attention from regulators and bad actors alike.
Nowadays, when you run an ICO or TGE, more often than not, depending on which jurisdiction you target, you will have to run some form of Know Your Customer processes. You will most likely need to enable your Users to scan and verify their identity documents, such as passport and driver’s license, and Accredited Investor Checks.
You can do it the old fashioned way, where you make a copy of the ID, run it via 3rd party checks and get all the risks and benefits that come with that process. Or you can implement Reusable KYC and lower the total cost of ownership, as a user only ever gets verified once, and they are free to use the blockchain-linked attestation over and over again.
What’s this Reusable KYC that Civic has recently launched?...
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