KYC checks are of importance because ICO companies would be able:
QGEN has been working on an ICO-specific offering, through which ICOs can white label QGEN’s service offering to onboard investors. The steps in such an investor/s on-boarding process for ICOs include:
QGEN offers an API to companies running ICOs. This is to be implemented in a seamless manner at ICO web portal front-end. QGEN has signed a string of agreements with various global data sources, to make these KYC checks more holistic, efficient and effective – with the ultimate aim of safeguarding ICOs from fake accounts and/or fraudsters. The offering is fluid enough to be configured by ICOs – with a multi-tiered rules engine.
Philip Bugeja, Head of Compliance at QGEN Group Ltd, states that ‘… it is always advisable for ICOs to carry KYC checks on individual investors… it provides transparency and is also a sign that the ICO is willing to work towards regulatory requirements. This will put mind at rest when it comes to trading coins and interacting with other companies both in the crypto space and not. QGEN is on the forefront in the crypto sector and is constantly investing in R&D to improve its array of offerings in this fast-paced sector to help ICOs avoid financial crime’.
KYC can be definitely seen as a protection layer for both ICO companies and their clients alike. Email us today on: info@qgengroup.com or chat with one of our online agents.