EY research: initial coin offerings (ICOs)
A lack of fundamental valuation and the due diligence process by potential investors is leading to extreme volatility of the initial coin offering (ICO) market, according to new research published by EY. The research also found that in some cases ICO investors are contributing capital at an average rate of over US$300, 000 per second.
Social KYC for Cryptocurrencies
This paper offers some ideas about identity verifi cation in an online world. It explores some common challenges when using traditional methods, and will introduce a new approach â social KYC, using a personâs digital footprint and online social identities to instantly verify and authenticate their identity with a high degree of confidence. This approach can also be used to reduce fraud and to manage compliance requirements as a complementary approach with other forms of KYC and IDV as required.
