Published on June 13th, 2018 | by bitcoin0
Investors in Tezos’ Troubled Ico Might Finally Be Fed Up Surprise Kyc
On Sunday, the Tezos Foundation announced that it would be carrying out know-your-customer and anti-money laundering (KYC/AML) checks on investors who bought into its July 2017 initial coin offering (ICO).
Part of the frustration is likely that this is just the latest obstacle standing between Tezos investors and their tokens.
CoinDesk reached out to the Tezos Foundation asking about refunds of investors’ bitcoin and ether, but did not receive a clear response.
Neither the announcement nor an accompanying FAQ explained what would happen to investors’ funds if they did not complete the checks.
Instead, speaking to many Tezos investors’ feelings, the developer concluded:
“The KYC was a breaking point for a lot of us.