As most of us know, for staking tokens, a KYC (know your costumer) process is necessary. Because I’m not very familiar with this process, I do have the one or the other question about KYC.
KYC is used to identify who is behind an account and goes along with AML (anti money laundering) laws, if I understand the basics right.
When I submit my data to nash, how will these information be stored? Are they locally saved at a database from nash or are these information passed further to institutions.
When my account passed the KYC process, are my personal information connected with the public keys from my nash account?
How will it look like when an institution ask for information about a specific person? What will nash tell them, will this person get notified about it?
Overall, I want to know how my data will be handled and what does it mean to my personal privacy?