Bitcoin Forum

Crypto Detective Agency, is it some kind of government agency and what are they created for? Is it only for Russia or is it spread worldwide?

I don't quite seems to understand to question here. Are you trying to say that government is putting up a arm just for crypto? The only thing that I know is that the US is trying to look for people who are hiding behind bitcoin for now paying their tax, however, its the IRS and I'm not sure if IRS has created its own department just to chase them. As far as Russia goes, I'm not also familiar, maybe you can post the link here so that we can see it for ourselves. There are already a lot of company who specialize on this, but this is private companies.

Please share the links so that we could discuss properly the issue here and to avoid confusion as for my own understanding this kind of agency will hunt all people who have relation with digital currency but how about the exemption? that as long as anyone are in crypto currencies will be monitored? or this intended only for the people who are suspected for fraud and engage in crimes using digital currencies?

Asking the same thing too which we would really need a link regarding on this thing.Ive known some private department but not on Russia.I can say that they are really just wasting up their time on searching for those people who do evade tax even if it do live or residing on the country they cant even traced it for sure but they would rather focus on checking alone on the services being used which do have in relation on cryptocurrencies.The common reason why this thing has started because they do really to traced up not only on tax evaders but also to those who do make crime and illegal transactions but I would bet that they do really have a hard time.

I have not heard of this. If it is created in Russia it is clearly to deal with people who use bitcoin. Russia is getting ready to ban bitcoin and create a mechanism of repression. Some time will not be an outright ban. It will make to gather complete information about users of bitcoin. I heard that we have reached an agreement that the VPN services will provide information about the user. Repression is just beginning.

https://news.bitcoin.com/russian-regulators-crypto-detective-agency/

Here you go!

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It will obviously be a government agency. As per the news says, it is just a proposal yet, and haven't been started.
The president of IRI (an organization in Russia) Alexei Fyodorov proposed this thing at a meeting. He says that this agency will be to keep investors safe from fake Initial Coin Offerings (ICOs) as many of them just collect money from their investors and disappear. So they will collect all the information about ICOs in Russia and register them in their agency, so that if the company tries to scam the investors, they have their information and investors can be helped through this.

Thanks for the reliable information you give to us that would help a lot.

If that was the government projects they are proposing and good for the blockchain community and especially to investors then I think they should go on with it, it is really a nice project indeed. So it's like a monitoring agency of this ICO's that keeps on coming, if that's the case then many will support this one and it is a nice move by IRI President to proposed.

If I’ll be asked, is it good for the bitcoin community? For me, Of course it is. But for the scammers and tax evader this the best agency to be created to pay the price of they’re criminal activities. A CDA (crypto detective agency) looks like a private owned office or government part department is both good for me. If my country will have this, criminal activism will be lessen and the bitcoin status as a criminal used currency will change to a better way.

If CIA is too busy for any other thing then making a new elite force in CDA is the best place to make reports cryptocurrency related crime that’s be a hit if putting a tv series about this one, that’s exciting.

We are hoping that it can be functioning just the way it should be and will not be used for any other purpose. It could not be denied that scam artists are now having a big party using the ICO platform and soon they would be churning out an avalanche of shitcoins to victimize us and to appeal to our basic greed mentality. Hope that this can help in weeding out the bad elements without disrupting honest players.

I mean, for the US the SEC acts as that vehicle. They are in charge of regulation and detecting fraud/scams.

not sure if this news right or wrong but Generally all this news tell government can’t stop bitcoin so that will try to make it under possible control.so all this good news that BTC will be semi legal . so  Why Crypto Detective Agency is started because bitcoin start to take real effect

You should read all the comments before replying. It is nothing about bitcoin and its effects, but it is about all the new cryptocurrencies that are being or will be announced in future in Russia. They are making this Agency so that they can filter the ICOs that will be announced in Russia and make sure they are not fake and willing to run a legit service. It is proposed for the only purpose of protecting ICO investors from frauds and scams that keep popping up everyday in cryptocurrency world. The initiative really sounds great so far, but, we still need to wait and let it be launched and be functional, and then we can see the real effect of it in the country.

Lol! in Russia there is the police, but instead of fighting crime they fight against dissent. They are engaged in that people are being arrested at rallies. I'm sure that the main objective of these investigators is to find who uses cryptocurrencies and their arrest. Russian under the existing government will never have freedom. But it seems to me that they do not want. Why the slaves freedom?

you can check the news in this link below:-

https://bitconnect.co/bitcoin-news/792/russia-is-opening-a-crypto-detective-agency

I have the provided the link below please check it out.

https://bitconnect.co/bitcoin-news/792/russia-is-opening-a-crypto-detective-agency

yes the news is absolutely true and I have given the link also in the comments if you want to check it out.

It is a proposed government agency in Russia with a main task is to make ICO investors feel safe about investing to a certain ICO and the not so popular other agenda or task of this proposed crypto detective agency is to gain access to the information of ICO investors. It seems to me, this proposed agency is another method of how to track people's money.

This agency was put into place mainly to protect their citizens, who are interested in certain ico's, from ico's that are just plain cash grabs or scam. If I'm not mistaken, Singapore is working on something similar but I don't think they put a proper agency in place yet. I think the main objective of the Russian government is to create the illusion that they've got cryptocurrency under control by creating thus agency. In reality we know that ico's are only a smart portion of the whole ecosystem.

So it would be an agency to protect the people in investing in ICOs that are potential scammers. With the popping of ICOs from time to time, this agency is a big help in determining what ICOs are the legit ones. Due to the anonymity of the cryptocurrency transactions, the government would also make use of this agency to know who are the people investing into it and who are the people behind this projects so that they will know who have tax liability to them. This would be one of the ways aside from taxing the platform that the people use so that they can still have their share.

Actually, it is more concerned about the proliferation of ICO projects and the possibility (it is actually happening as we speak) that many scam artists can use the same platform to victimize innocent people out of their hard-earned money thinking that they stand to gain something but in the end will do the 'cry the river' theme song. I do agree with the idea though but of course people should be watching that the office is not abused because government people has the tendency to use their power to promote their own interest.

It only shows that Russia is really serious about regulating Bitcoin and other cryptocurrencies to fight against fraudulent activities using cryptocurrencies such as a scammy ICOs, Some of the ICOs that i know who have turned out as a scam is somehow have a team of russian developers , again some i'm not generalizing. It is a bold move from Russia, looking forward for more details about this agency.

But how can you find out that who is the person responsible for any of the transactions done because of the peer to peer tech. It is almost impossible to detect the real owner of the BTC address, then how can someone detect the real criminal.

Thank you for summarizing it. Then the suggested agency is for good regulation. This is a good move for Russian Government, Completely controlling these ICO to stop scam ICOs. This will also minimize the numbers of ICOs from Russia and will create a trust from the Community to the ICOs from Russia because CDA will accredit these ICOs. Looking forward for implementation.

You are welcome.
Probably. As soon as it is implemented, there will surely be less ICOs popping up from the country as they wont be able to do what they have been doing anymore. The primary purpose of most of the ICOs these days is only to accumulate money and run away to the farthest place in the world and never return, but having something like CDA (if worked the way it is proposed) will surely prevent the users from a lot of bad. It is a very good move if continued positively and isn't given a turn from halfway.

Where agencies come into bitcoin, it means there seem to be an iota of control or regulation. Well, to a large extent, it will chase the fraudulent ico companies because legislations will be enacted against them.

Basically, it will help to sanitize the market, huge manipulations might be a thing of the past. I think if it is started in Russia, they will be serious against an offender if caught because they keep to the detects of there policies.

This is the first time I heard about that Crypto Detective Agency though if you just can site your sources for better understanding then it would be well appreciated. If this is true then I think it is fine with me for as long as the main purpose of it is to fight the scammers and hackers inside of the crpytocurrency scene. There is already a multi billion dollars that is involve inside the cryptocurrency so Governments are taking action now because of the everyday flow of money in the Internet is unbearable and bad people are targeting the weak ones.

If all countries do this, we will definitely see less ico's. A few years ago the projects were definitely a lot more fair and we had a lot less ico's, would be nice to go back to that.

If so that is very good news, not only Russia all the other 194 countries should adopt this Type of agencies!
Nowadays there are so many fake ICOs going on and investors are in so much fear to loose their BTCs and alts!
Crypto Detective Agency should spread worldwide.

This is a very good strategy for saving innocent people from ICO scams!
Thank you for providing this info!

Yes you are right! scammers and hackers have become the most treacherous in the world of Cryptocurrency and ICOs. This can be a once and for all solution.

Definitely, we will go back or rather say will go a bit further because there will be less problematic for the investors like us and can trust the upcoming ICOs.
In future also we can give our BTCs without hesitation if we are backed by the CDA.

If this is a government agency against criminality in the used of cryptocurrency then let this workout. The it is more of our advantage but for those legally doing stuff and not those who are illegal things on this platform. I would rather have this Crypto Detective than any normal policemen who might have no knowledge about this kind of technology. It is more of a good news, than bad new in my opinion.

Yes , i heard about the Detective Agency of crypto in Russia . I think the main reason they started it was because bitcoin does not bother taxes and there might be some people using bitcoin and not paying taxes . All the other crimes associated with dark web and bitcoin such as Ransom can also be a main reason why they started this agency . Russia is apparently planning to regulate bitcoin in their country . So this might be the first step by them.

You have heard that the kidnappers demanded a ransom in bitcoins? The Agency created to track all bitcoin users. In Russia, they will be put in jail under any pretext. Putin does not want free men. He is not interested in taxes from bitcoin. He needs power over people. If you control the money you control the whole country.

If they actually exist, then their function is already identified by their name and its about tracking down people engaged in crypto currency. Its when the details of their job description is known before we know the extent of their scope of activities. On whether its existence is in Russia, there would definitely be something like that in the advanced countries who already started clamping down on crypto currency but they could be referred to in another name depending on the location and environment of the country.

I think this is part of Russia regulations of digital currencies prior legalizing it. This kind of agency will focus to determine if ICO's, investing sites, and exchanges are legit or not therefore there is nothing to fear and worry as this is good because this will ensure that your people will be avoided scams and fraud sites. In addition, they will monitor all transactions especially involving huge amount that it might be use on illegal activities.

The Crypto-Detective agency would help the  government to control companies working with cryptocurrencies. Its main goal is to avoid money laundering, tax evasion and funding for terrorism.This agency will be able to extract information about their beneficiaries and their real state of affairs.
The decision of creating a crypto-regulatory agency is to protect  citizens. Scams, fraudulent, criminal fundraising and other illegal activities can be carried out with decentralized cryptocurrencies. In this way, there is a reduction of dangers for the investments. In addition to it, investors are protected by the government in case they are scammed.