How Does the Concept of 'Fiduciary Duty' Apply to a KYC-compliant ICO Team? ▴ Learn

How Does the Concept of ‘Fiduciary Duty’ Apply to a KYC-compliant ICO Team?

Fiduciary duty is a legal obligation to act in the best financial interest of another party. While not explicitly defined for all ICO teams, a KYC-compliant team, especially those operating under a legal entity, may be subject to a duty to act honestly and in the best interest of the token holders and investors.

Failure to do so, such as through fund mismanagement, can lead to legal liability.

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Does the “Know Your Customer” (KYC) Rule Apply to the Enforcement of Fiduciary Duty?

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