Read Source Article Tezos Foundation Announces Investor KYC and AML Procedure One Year After Raising Money
Even though it appears the Tezos team has successfully addressed most of the problems holding the project back, more controversy looms on the horizon. More specifically, the team has made it clear they will perform thorough KYC and AML checks for all investors. It’s a remarkable decision, considering that those users contributed nearly a year ago.
More Worries for Tezos Users
It has not been the best of years for Tezos. While this prominent project successfully completed a big ICO, a lot of problems have ensued ever since. An ongoing spat between the founders and the Tezos Foundation has left contributors unable to access their purchased tokens. Additionally, various lawsuits were filed against the Tezos founders, mainly because investors were getting fed up.
Although all of those issues are seemingly resolved at this point, there is still plenty of work to be done prior to satisfying everybody. Users are still waiting to access their tokens, and it remains unclear if these tokens will have any real value by the time they are issued. Additionally, it seems likely that a lot of investors will simply dump their coins as quickly as possible, which is only understandable.
To make matters
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