Bitcoin Forum

Some have speculated that terrorists have discovered a way to use the platform crypto currency to gather identities from different people from all over the world. use their identities for terrorist activities. From threads that i have seen, there are people thinking that some ICOs are used to fund terrorist acts by luring investors into investing into their companies, getting KYC in exchange of money, gather a large sum of it and then run away with big bags of bucks.
IMO, these scenarios have big possibilities since there is the anonymity factor feature of crypto currency, we really do not have the knowledge as to whom and where the money will go for when it was transacted in cyberspace.

what are your thoughts on this?

That's true that's the reason that I hate KYC there's too many risks on it, we can only give our vital information on companies and organizations that we know and are compliant, but with ICO that we are not sure who are the people running, there's too much risk attached to it.

so many people sent their documents lightly, and someone took advantage of it.
My advice is first of all to trust only companies that meet the minimum security requirements, secondly if you suspect that you have sent documents to the wrong people, the first thing to do is immediately request a new document so as to avoid a fraudulent use (and subsequent problems)

This post might be correct in some ways but I think this position should be backed by a link to further read on it so it won't be held on you to be the one who is making this position or the thread you read it.

Yes KYC might have its ulterior purpose but my question is, if it is used for terrorist activity, what particular information that KYC might be requiring if not basic biodata and maybe passport photography. So what would terrorist would be needing such information for where the information in KYC is not having anything with your government, because terrorism activities is about attacking government and governance purpose.

Or you watch TV too much?

What you are saying is the terrorists create blockchain product, write a WP and set a website for an ICO. After collecting personal information from people they close the shop and go out to use identities' people?

If you prefer to live in a sphere with a currency controlled by authority controlling everything then you can always use your local money.

Let's say what you're saying is true. I believe only a few people ('investors') would give their money for some unknown projects which have an anonymous team. I'd be seriously surprised to see that any sane investors would throw away their money for some scrappy whitepaper.

If the terrorist really wants to do it, then they might want to steal other people photo to represent their team, or if they're stupid put their own face on the internet.

I can't imagine the reason why they need to make it so complicated. Buying from identity seller might be faster.

That's a possibility! However, we haven't yet seen an ICO is directly linked with the terrorism financing as of yet! However, I am concerned more about the KYC documents instead of money in this whole game! No one knows how a ICO company handles or keep the KYC data of their customers! If the ICO really want to do business probably they will take care of the data but if an ICO is built to scam people, they can even sell their KYC data in the darkweb against a fat payment! I am glad that no such scam has yet been surfaced, but this is still a gray area!

I strongly agree that KYC is the most important for me because it stores personal data that is very easily misused or tracked by someone, very risky to give KYC useless, money is not everything but personal data is played by every cheat project, surely that is their clear intention I want to take advantage of this situation, I hope this will be a lesson in the future because there is no safe system.

Doing KYC have a advantages and disadvantages like what OP said it can be use in some terrorism activities that one reason I hate this kyc system I dont give my identity to any company like this ico project so be careful for joining any project that require doing a kyc because your identity can be use by othee people for doing illegal activity.

This is the reason why I am really against KYC in ICO's and airdrops or bounties.
We couldn't know if those people are only after our personal information and it is the risk that we are facing.
What would happen to our information once it goes to the terrorist?

In the expanding world of terrorism, anything even bizarre can be possible and as for funding these people can be so creative, if ever they have used ICO projects to fund their activities I would not be shocked. However, let's make it clear that these are speculations and as such without proper and vetted evidence favoring the matter then these should remain as speculations. Let's make it clear that these people can easily get funding outside of the world of cryptocurrency and they can get information that they want without going through the KYC procedures. But am hoping that an investigation should be conducted on this matter so that we can know for sure that this industry is not being utilized by unscrupulous people including the terrorists.

I think the main reason they ask kyc for large amount or on some exchanges even for low amount is money laundering and terrorism, if this not was on this world we could trade without kyc on most exchanges.

Bitcoin doesn't need KYC are any of your personal details to use it but some of the new projects might needed you can definitely avoid those projects which you think they will misuse your personal information details. I too agree that people may misuse your details but cryptocurrency related with terrorist activities looks like a story created by the people who doesn't want the decentralized payment system.

I haven't heard of those accusation before that ICOs were being used to fund terrorists. But I've heard of it before that they're also into crypto so that their transactions are anonymous. But for me, I think they still prefer cash than crypto's. As long as something has monetary value they can take advantage of it and as for KYC, I'm not trusting anymore anyone on the web when they asks for it. That's a big possibility that people who will comply to it, those info will be used in a wrong way.

The funds for terrorism takes place through the big firms and probably this happens in dollars. The most used currency for illegal transactions were dollar. I don't say that no illegal transactions have taken place with bitcoin, but governments easily term it a channel for illegal funding without any proper information. Particularly in most of the cases when there is no clue in finding the way the funds have moved, they just indicate bitcoin as the way. This is how more things affecting bitcoin bitcoin in a negative manner.

That's why it is advisable that no one should ever submit KYC documents that easy, and no one should ever agree into sending their documents in exchange of pennies (I'm looking at ICOs and airdrops asking for KYC in exchange of a slot). Identity theft has long been a problem in the digital world even before the advent of cryptocurrencies, and it only was intensified because hackers and criminals knew that before they can exchange their anonymous currency into fiat, they need to go through an exchange to process everything, and that's where KYC docs of other people become handy. Selling of such is rampant in the darkweb as well, and perhaps it's best for law enforcement agencies to get at these sellers rather than go after those who use the faked docs. Cut the source before it pollutes everything, right?

It is possible and could possible be happening already. There is a lot of projects conducting ICOs that run away after they’ve gathered enough fund. Posting some whitepapers to represent their project only as a front but nothing of anything written will actually happen. That could be for different purpose or we don’t know if real terrorists are behind these activities.

I don't think its a speculation anymore terrorists can use any kind of tactics just to gather our information and they might done it to fake ICOs, exchanges, and fake websites just to obtain our documents. Of course the possibility of this is high because even them are also in the crypto market now as where the criminals have been in a long time now. That' why you only give your KYC documents to trusted ICOs and exchanges you really don't want to trust unaffiliated ICOs and exchanges with our government as you really don't know what they'll be doing to it.

Wow, I always thought of KYC as a measure to prevent financing of terrorism, not a way to enforce it and make other people guilty of it. ICOs are full of weird investors, shady teams and who knows which applications of money. I think it might be wrong to ban them, but they have to be monitored strictly. People gave a lot of data to ICO teams. In fact, sometimes they are basically required to do that under some legislation. I don't understand how these data can be used against these people in the future, though, but if there's a way to pretend to be one of those people while financing terrorists - it's extremely serious.

Kyc was not started by cryptocurrency it has been in existence for a long times and banks, institutions etc uses it to identify individuals.
I don't have any problems with kyc and I think so should everyone the real issue here is initial coin offering icos the sector is infested already and if there is a target to get people's identity through kyc am not surprised is through that area.
 We can not avoid kyc complete but if we avoid joining and sending our details to entities we not sure off then at least it would be mild

Have you consider for these things is already happening with Fiat system? So,no surprising that it would possibly happen here on Cryptospace

that's why crypto do have that kind of negative image because it is being always portrayed that crypto is a good vessel or tool for these kind of
transactions which they haven't realize that it is already long time existed with Fiat.

For no one is no secret that over many exchanges the dirty money is washed. But I do not think a big part of it is the money from terorristen. The hackers are more wrapped up than terrorists. And KYC is just a tool of states to make this market a bit more transparent, no more and no less. When considered proportionately, for dollar more terorism is being funded than for crypto

This is indeed worrying and it is very possible that the scenario will be carried out by terrorism. But with this growth we know that ICO will no longer be interesting in this industry because there is already an IEO as another alternative for projects that are serious about building their projects, because there are things like better regulations and this step should be supported because the project Having a product will be willing to follow the rules and the clarity of each project is important so that they do not hesitate to invest and send a KYC. I personally will only avoid things like this just to keep privacy good.

When anyone asks you for KYC in exchange of money, sorry but to my mind, if you accept it, this means you cost that much. I have no idea why some people just send their identification documents to any ICO, Casino, Exchange and etc even without checking whether website is trustworthy or scam. Problem is love of easy money, this is where from everything begins and ends.

I am not sure about this issue, so far there is no evidence of crypto being used to fund terrorism. although the opportunity for that is very large at least the OP provides evidence.
and KYC I agree to be more careful to provide your personal data, make sure your website is safe and responsible.

This is the part I don't understand.  Are you saying terrorists are allegedly stealing identities or money from people in order to fund their activities?  What good would someone's identity do for them as far as terroristic activities go?  Plus I'm not sure how much information you can gather about a person, even if they invested in an ICO that was a terrorist scam.

As far as using scam ICOs as a vehicle for fundraising, sure that's a possibility.  But terrorist groups could also try to scam people out of their fiat money, and probably with much more ease as well. 

Sounds like this is all directed toward giving crypto a black eye by linking it to criminal activities--but that's always been silly IMO.  Cash has been used to fund all sorts of illicit and illegal businesses since the beginning of money, and yet we still use it without prejudice, don't we?  So it really doesn't matter if it's cryptocurrency or US dollars that the terrorists are using.  Go after the criminals and don't try to demonize the money they use.

It's a possibility. I mean if Facebook can just give away data like right, what's stopping these random people creating ICOs from selling your data for more money.


This was I never really spent anything on ICOs. I check updates but don't get involved unless their coins shop up on exchanges. The only KYC I can tolerate is exchanges and only coz there's not much work around it.

This is indeed difficult to prove but now the OP is talking about KYC being used for terrorists. actually in this case it is not new when bitcoin is associated with terrorists or other crimes. but it can't be proven.

I do not think that this problem is too acute. If the ICO projects and the KYC verification are used by terrorists, then these are most likely isolated cases.
However, this problem exists. For bounty hunters, KYC checks in ICO projects are a big problem. Moreover, it should be said that the KYC check itself for bounty hunters is illegal, since we are not invasive and no state requires this from us. ICO teams abuse their rights when they require bounty hunters to undergo a KYC test.

I think terrorists already have their sponsors, they don't need to steal some money through crypto currency icos. Actually, money made from scam icos are pennies near the sums terrorists move to maintain their activities.
There are indeed scammers running icos and looking for kyc to blackmail and extort people later, but I don't think they are terrorists, but just common virtual thieves.

Do people really believe in terrorism and drug wars? Someone (read corporations, governments) created terrorism and drug wars to fight with imaginary enemy! They are financing terrorist to scare people, than they take the money from the people to protect them from the things they created! Same thing you can apply on pharmaceutical industry, they create diseases and they sell you "the cure" later, that never heal you, just keeps you ok while you using it.
We are all people! Some of us didn`t have "luck" to be born in arranged state, with both parents, nice house and food on the table. Brain washed people, should you blame them or to blame the ones who did that to them?

This is the reason of why i strongly supported the call for a strong regulation as i see that there is still a weak spot after it was started like the KYC requirements in which still the bad guys could find ways on how to bypass the process and use our data illegally. Hopefully the law makers could draw better regulation to ensure the safety of all crypto users and investors.

^ I strongly agree on this, even a terrorist group use either fiat or cryptocurrency they were always doing that if they didn't have caught their activities, we should go after them if we know very suspicious moves. KYC documents may be stolen that's why as long as possible we avoid that kind of verification or choose only companies that have trustworthy review by some clients. Joining a project that has KYC is very risky as of now so better to avoid this kind of projects.

This is a big concern and had been used by the government to try to stop crypto movement, but to be honest alt coin is not that efficient to be used especially it will need to convert to fiat when they want to used it to buy something while btc is not totally anonymous, so I think its just a conspiracy news to misled people, the one that the terrorist prefer is fiat and kyc procedure is something that I hate, if its being misused nobody could stop it, but if you said the terrorist gathering data I think that theory is very likely to happen

My thought is that wherever there is money, there will be scams and criminal activity.

The anonymity (or relative anonymity) of Bitcoin and other cryptos does create money-laundering possibilities along with extortion etc., and the lawless 'wild-west' nature of crypto does present criminals with further opportunities, whether it's KYC scams, ICO scams or anything else.

So in this sense any incoming regulation, although it has its down-sides, can also be a good thing as it will help to protect consumers from criminals, at least to an extent.

But the basic problem isn't crypto, it's the lack of legislation. Governments are notoriously slow-moving, and technology is notoriously fast-moving... this is what causes the problem.

I think this might happen that KYC is the most important thing in our lives, cryptocurrencies are anonymous and from all walks of life will definitely like it so it's only natural now that. We all know that crypto is created as money as happened to FIAT, but I never heard that we all fund terrorists in the context of the ICO.

This is no longer a new things, cause we have been discussing for many years, there have been lots of people kicking against bitcoin and cryptocurrency as a whole because they believe that it can be used in funding terrorists attacks. As for stealing people's identity, that has been happening for a very long time, there are people who just come here for the purpose of stealing people's identity and selling them on the dark web,  so no longer a new thing. That's why a lot of people here hates to make use of platforms that request for KYC, unless maybe it's a trusted platform that has a good reputation.

I have noticed that many companies will accept your KYC even if you blurry you ID number and leave only your nama, surname and photo. Keep it in mind before you sent your documents next time. You don't have to show them everything.

That is why many people hate to perform KYC. As a matter of fact, I am also a cons when it comes in KYC. I do not want to expose my identity in public eventhough, I am a bounty hunter or an investor. Submitting our personal information as well as picture can be used in any act just like scam or terrorism.

But this thing has already speculated by so many people and regulators even when we have known about what was the decentralized network. that used algo to create an encryption transaction in the cryptocurrency. Some trusted ICOs will not do that but it looks like possible the scam icos to be created by terrorist. I just thinking that possibility of it.

I don't think terrorism or drug wars are created at all. Governments might be reluctant to actively fight against them in some cases, but is there any evidence you can provide me pointing at how these groups are created by corporations and governments?

I mean, sure, certain industries do benefit from wars because they can sell a shitload of weapons and whatnot, but that's just the result of cause -> reaction. Where there is a problem, businesses try to sell you the potential solution. That's how basic economics work.

What if there really isn't anything that can cure certain diseases but only allow you to buy time? The richest people in the world die from the same diseases regular folks die from. They can afford better treatments in some cases, but these treatments are also available to you if you have the money.

I think KYC can give a identity.so every one should fillup KYC.for that KYC we can fuond easily the truck.and KYC can give a validity all of sector.So i think for reduce terrorism must need KYC.

I think that it could be possible to happen as we know that many ICO has run away with the investor money and it could be they are related to that network. We don't know the truth, and maybe that was just a rumor, but I heard that we could get full info for someone in the dark market and we can use that information for anything we want. It's like we get credit card information from one people and we can use it to steal the money. But I don't know more about that.

It is because the system created were vulnerable to abuses. Not all of the people around the world are good and are only seeing bitcoin and block chain a good tool that can be use for the betterment. Some of it has seen the flows and used bitcoin to take advantage from tye government being an anonymity.

Yes i do think so, this conspiracy that might turn out to be true and i do think there is a lot of ICO that not real and dont have real product and might be terorist fundrising ICO. I do think its bad idea to give KYC to someone who we dont know especially to crypto world but in other hand i do believe KYC is needed to prevent terorist fundrising.

Even if governments abuse its power and force people to use cryptocurrencies, that should not let them provide their identity to a stranger running an unknown project, ico...

Terrorism funding is just a FUD that is used by governments to get more control over finance, because in reality almost all terrorist funding comes from governments - groups like Al-Qaeda and Hamas have government support, everyone knows it. Or take ISIS for example - there were reports of them using crypto and getting money from stolen credit cards and other fiat sources, but most of their funding came from their control over oil, and those who buy their oil are the real funder of terrorism.
I think the harm done by fighting terrorism funding (freezing accounts of innocent people, disrupting business, etc.) is far greater than the harm done by the actual funding of terrorism.

Nowadays, it seems that people data and information is no longer valuable, as you know some people even willing to do on KYC for $10, and the worst case is when you realize your exchange being hacked, some $ maybe stolen, but the exchange absolutely still have money, we need to worry about ourselves. Our information could be sold by them.

Most cryptocurrencies have zero anonymity features.   You are also talking about three different things. First you say that terrorists use personal information of people that are part of ICOs and central exchanges where they need to do KYC. Second you talk that they make ICO to found their activity. And third you say they use cryptocurrencies as a money.

Terrorists can get personal information's from any central database. They can get them from paypal or Facebook or wherever. You are right that just anyone can make an ICO and steal peoples money if they want to use it to lay on a beach or to kill people.  Bitcoin is trying to be a money. So with that used by just anyone. From butchers to terrorists, from basketball players to lumberjacks. It is money. To make sure terrorists dont get a hold nuclear weapons best is to destroy all nuclear weapons. Not prohibit the use of iron. ( guessing you cant make a bomb without Iron.)  

These are just being over exaggerated. I don't think terrorists will be running all these ICOs and go through all those hassles for just few amount of money (compared to other ways they fund themselves). Yeah, those ICOs after stealing money from their investors also tend to sell the IDs given to them to make more money. But, not sure how those IDs will be used for terrorism.
Lets not blame crypto currencies for all these. These activities has been going on for a long time. Even before crypto currencies were invented.

That is one of the reasons that we really need to know what ICO will do to our data if we have to do KYC, it is very difficult to distinguish what is good and which may only require our data only for crime and that is where we must be extra careful.

This is a deep thinking and in reality these your views maybe be happening and we all may not know. Terrorists has many ways of raising funds and before many of us were advocate for kyc as this will reduce terrorism but after reading this post it is now clear to me that many icos that run with investors funds may be opened qby terrorists organizations to raise money for they evils agenda.

I bet you haven’t encounter ICOs who did this? There are some ICOs  that  are doing it for real. I happened to participate in an ICO bounty campaign which in the beginning really did great and the developer team most of them were Chinese. But then, someone made a research about the team and found out that those faces posted in their whitepaper were wearing false names. The photos belonged to someone else who hold a different project and were in fact well know personalities in China.

The identification procedure very little complicates such operations for terrorist organizations that have great potential in the means and are able to hire professional harpists who can fake any documents and videos.

If I would be a terrorist or somebody who is using crypto for illegal stuff I will always know how to have a chance to exchange my crypto for other stuff :)

Ech time we fill some KYC forms, we are actually taking upon ourselves certain degree of risk. It is not impossible that some ICO projects have the sinister ploy to fraudulently obtain sensitive information, there prevalence of security breeches in the space may not be unrelated to this

It's unlikely that terrorists (the ideological ones atleast) would be interested in peoples identities. They tend to target a specific people to kill, victimize or used as ransom and not just some random people with no value to them. However, scammers and  robbers could be very interested in this.  They could easily use it to target wealthy/important people for identity theft, kidnapping,  armrobbery, blackmail etc..

I believe that KYC should occur with the help web cameras.So crypto space will really become cleaner.And no one would dare say anything bad about cryptocurrency.And the fact that terrorists use cryptocurrency I do not know about it and do not want to know.If someone is interested in their support it can be done in different ways.

but many people do kyc, specially if they get high reward, so i think this is hard, they choose not do kyc and not get paid after work for 1-3month.
but not at all will be do for that,dont think negative and assume that happen at all, open minded and look from other side.

      It simply they will use our biodata and identification card or passport to easy enter our country especially if have similar faces so this gonna be the big risk if we sent our documents , but if you have trust the people around in that project then you don't have to worry about it , besides we have no news reported regarding this speculation .

That was the reason why the call for regulations became a hot topic after the 2017 ICO bubble. It was realised many people just used crypto to scam people and then use the money for various reasons including the illicit behaviours you talked about. So with regulations, people will always be on their toes so they don't get into troubles and that'll save all of us

Ues, that's why people are not showing interest in fundraising but still, people are investing and submitting their document to the companies those who are raising money. If you don't like the company and don't want to submit the documents better stay away from those companies and start investing when they start trading in the exchanges.

Actually, I've never heard about this before. If you can provide any link about this hearsay about terrorists using ICO projecgs in return of KYC thing, then it is better. Somehow, it just made me stop and think. It is near possible that they use this crypto projects to accumulate identities from different countries with of course collecting funds at the same time. The motives are too personal if we are talking about terrorists here. But well, how can we really say it's true when all of it was just speculations.

I'm not sure about you says ICO's used to fund terrorist acts and i was first time to heard about this here which is these thoughts not necessarily true but indeed there always be possibility for it because cryptocurrencies offering the advantages which is not owned by other currencies and about KYC that's why most people suggested not too easy submit our data to particular sites to avoid things we don't want

There has been a lot of the gather as much money as possible and then run away with it type of ICO's for sure, hell there have been openly doing that ones as well but the terrorist part is something I don't know. I mean I have been around for 6 years and I haven't heard of that terrorist scenario ever before this topic, is that legit? Where did you find that news ?

Remember in the crypto world (and honestly in real world too) people are telling many lies and many made up scenarios so this could be one of those, we have our fair share of conspiracy theorists in our ranks so without any proof do not believe everything you read. If it is true and terrorists do use these kinds of things then there must be a true source for that information and with that we can find ways to protect ourselves from them.

you better gather proof that is real and authentic rather than making speculations that are not necessarily the truth. A bit of wild thoughts like that, terrorists are there but in my opinion their funds do not come by fundraising from crypto or ICO, and KYC that exists may be sold by some bad people, whatever their purpose, we are better selective and careful about suspicious projects

If the project can protect the customer data, then it is no problem for the investor or participants to send their document to them. But if it's not, then we need to be worried if the document can be used for illegal things and we don't know about that. We can be the next target because they have our document and they can do whatever they want. So be careful when you want to send any document to any project and make sure that you do the right thing.

Terrorists are financed by very large organizations, they do not need to conduct ICO in order to hide the flow of their funds, it is enough for them to use anonymous cryptocurrency for transfers, even KYC will not save it

The implementation of KYC is only to reduce their fake profiles because everyone is doing some scams also after the KYC the transaction will be more safer than before that's why the implementation is always accepted by me but I don't think that terrorism will not been involving only with the help of this problem

I think that is one of the biggest problems that crypto is facing, when talking here about anonymity its a double edged sword, on when hand it gives us the possibility to hide our identity to keep us safe, but it also provides a shade for terrorist to exploit and for illegal activities, and when it comes to ICOs i definitely think that they are at a place where  they are being used for the wrong reasons and especially where the market has been flooded with so many useless coins that are only just cash grabs.

Hence the need for regulation, I am a crypto lover and I believe in the solution that cryptocurrency has brought, but this is one of the disadvantage of the system, and we need regulation for this negative side of it to be neutralized.

This has been one main reason why people are always careful with their information and I really don’t know why some companies are really imposing it if they don’t really have hidden agenda, I think it is high time that any company that is requesting for KYC should be ready to also give same thing in return so that we can keep record of everyone that has access to our vital information when any issue arises.

KYC=Easy profit for scammers.

KYC is not safe look at all the exchanges that have been hacked.

KYC is only safe within a government institution like a bank or license department or bank or loans and bigger business deals. I know my info is safe with the goverment but not with some random project online.

We have been told not to give our personal info to anyone if we choose to be involved in crypto.


This is why my government tells us not to give KYC.

I legally don't need to give KYC.

I don't believe that all projects or exchanges requiring kyc has bad motive to its clients. If you are not giving your kyc to any of those institutions, how are you spending your crypto into your fiat currency? At some point you need to convert it to fiat so you can use it for your personal expenses. And these local crypto exchanges, require to submit some sort of kyc from their clients.

Good exceptions, small payments should not involve personal data.
I register several exchanges with my data and I feel safe because they provide security guarantees.

That is basically why governments want to legalize all cryptocurrencies transactions in such a way to prevent these sort of situational events.
Beating terrorism, money laundering and so on are a lockout for having such politician actions in th equation.

In some occasions KYC helps verify if the money has come from legitm sources as well.

I think that is not because of scams.

KYC means Know your Customer, that means that the Customers are the one sending their information and not the people implementing the project or the site. I see KYC as a way to stop people from taking advantage of the referrals that is happening in the past. If people can just create a lot of accounts and refer to their main account, that would be so easy to earn money, isn't it?

My thought is there needs to be more pushback from the community about KYC abuse. People should stop handing sensitive documents to unknown or questionable parties. Those who legitimize this practice are promoting the abuses that will stain this industry.

Yes, KYC is perfectly fine among licensed exchanges. It is, however, wrong to engage in by fly-by-night projects.

The problem is much bigger than fake accounts abusing the bounty system - it is that terrorists or criminals will use these documents to carry out their acts. People can end up destroyed from this. The cheating of bounty systems is not the issue here.

That's true, some people are too trusting in providing their information or documents even without really knowing if the company where they sent the documents is legit. It is really important to know the company and check reviews if necessary to make sure the security of your documents and identity.

It is one of the reasons why many investors and bounty participants are objecting the use of the KYC because tgey did not trust the system where the kyc is given. Anybody can gain full access to any personal informations given by people to that particular organization. I think it is time to take a look on how the kyc is provided and who are responsible for it.

I believe that at the exact moment you are born and registered at the registry office of your municipality you are registered and marked; at any other time in your life when you request a document from your offices (identity card, driving license, passport, etc.) your cataloging is updated and expanded, supplementing it with fingerprints and other information; when you send photos, information, tastes, political, religious, sexual and other preferences, in all the social networks and forums of today, your profile and your personal profile is even more enhanced.

All this information, data, tastes, preferences, are not easily available for 99.99% of ordinary people; all this will have access to those few people who have an interest in doing so: these can be public, national or international forces, or hackers / criminals / terrorists / scammers.

There is no way to avoid this except to disappear and be invisible to the SYSTEM; it is not enough to be absent or to have a low profile or not to participate in that ICO because you have doubts, while in this other you participate because the company is serious.

EVERYTHING OR NOTHING! THERE IS NO MIDDLE ROAD!
IN OR OUT!
IF YOU ARE INSIDE YOU ARE ATTACKABLE!

the issue of using or funds raising from cryptocurrency for terrorist activities has been many articles or opinions that were put forward. but it is true. in my opinion this issue is not necessarily true, it could only be used as an excuse to discriminate cryptocurrencies. or issues that are used for something specific needs, which have nothing to do with KYC. whatever the reason, I hope the OP provides clear evidence so as not to expose sensitive issues.

KYC verification has become a big problem for investors in ICO projects, but it has become an even bigger problem for participants in the ICO bounty campaigns. Most KYC checks are carried out after the end of the ICO, when bounty hunters are no longer able to refuse to participate. After all, they have done the agreed work and are just waiting for the deserved payment by tokens. Here, KYC verification already serves as a form of fraud in order not to pay the tokens earned by us.
As for the possibility of using our data by terrorists, this, of course, is not excluded. However, I do not think that the probability is high. There are not so many terrorists using cryptocurrency in the world, in any case, not anonymous types of it.

Investors are okay to kyc especially if they fully trust the company that they are investing with but in the case of bounty hunters , bounty hunters are always protesting about kyc because they think that kyc is not apropriate for bounties the same as on airdrops   . kyc is more propriate on ico , ieo , exchanges , gambling or anything that has a money involved .

I understand that KYC can prevent people from abusing fraud or embezzlement of money, but on the other hand KYC can also be misused by its requesters, so that bounty participants or investors feel afraid to provide KYC documents, which are actually personal

But we cannot choose not to comply with the KYC if we are interested in using or investing on the platform.
With proper regulation, the government will take care of these company who requires KYC, and they are also required by the government to obliged people to comply with the KYC, that way we feel a little safer as we have the government who are in the regulators that could sanction the company we are trusting in case they break some law.

As a bounty hunter, I see to it that when I join signature campaigns, this should not involve any KYC. there is a big threat to the data where it goes and how it is kept. There are people who, by trying to avoid giving way their data, they would resort to submitting fake identities. I mean, can this serve as an alternative for a win-win set up?

And what's the difference between a crypto platform to gather IDs, rather than any other online platform also where members have to gather IDs? It's just the same thing. Health companies. Online shops. With credit card details. Bills details. All kinds of KYC details.

Why is crypto the bad guy here?

crypto platform hasn't legalized yet in local government and there is no reputation at all about it.meanwhile in online platfrom they have legalization from local regulator for their operation , and one of the important point was keeping their customer identity.

That's why the ico created must do or verify to the regulators about their identity. This to prevent the possibility the ID that already used to verify KYC will be stolen by the scammer and sold it in the dark market.
KYC is good as long as the team already verified and register its company to the regulators.

I have the same opinion as you and this is bad. I am really afraid of my information being sold to many people for many different purposes.
If personal IDs are not valid, why do they need it? I suspect that in the future it will have a lot of harm to those who have sold personal information.

I am really quite worried about this issue. So far, I've provided 2-3 times of my personal information. Now I don't know what purpose it is being used for and whether it harms me.
We are still very vague about collecting this information and it really makes me very curious. we still cannot conclude anything but it is best not to sell our information.

ICO funding terrorist might be true but gathering personal informations through cryptocurrency is impossible since people here in crypto are anonymous. This means, terrorists can gain funds through scamming in ICO but not personal info from crypto users.

Everything is still related to scam too, [people who are using different accounts for referral purpose are also scamming too, but even with the implementation of KC, I think they have still not been able to control this, because scammers too are also requesting for KYC, and these scammers would do anything to make money, even if it requires them to sell someone’s information to the people that will use them for bad intention.

For companies that are truly genuine, the main purpose of KYC is to implement government’s policy on that and also be able to guide against many people that might be using the account to launder money or move illegal money through cryptocurrency.

however, if you want to be connected, it can happen, and can't. so it's good that all who ask for kyc are indeed those that can be trusted and recognized by state rules. because without knowing who is asking for it, it might not be able to guarantee that personal identities not misused for any purpose can occur. so it's good if you can avoid making sure to include Kyc.

You're right, and in fact there is no difference .... not even when you take the card points to LIDL, AUCHAN, CARREFOUR, Etc. and provide your data .... and that's what I wrote a little higher.
Soon all this will be just a memory and the ICO's will disappear completely.

Already now they are partially replaced by the new IEO fashion, in which the KYC is done ONCE with the exchange, and not 100 times for different and unknown 100 ico; the kyc with the exchange is perhaps a little safer and guarantees some greater level of security.

A few more months and by 2020 we will certainly have clear regulations and laws in the crypto area, mandatory KYC / AML on trade, and there will be new STO's, replacing IEO's.

Submitting KYC documents or information to unknown people could be used for other illegal activities (if it is a sketchy project) but without proof of how docs are misused and how this has been connected to terrorism is FUD or good as any speculation.
TBH I think using crypto to be funded for such terror activities could be a total loss as limits are put on selling crypto on most exchanges which makes this a bad choice for these guys.

That's why you have to be cautious with ICOs. If they are asking for KYC you're probably just better of using your money to buy already established crypto like BTC or ETH.

KYC can't be helped with exchanges though, especially if you are using that for cashing out fiat.

KYC in my opinion very very personal data.personally i am prefer to avoid projects that required my personal data.buying existing coins in market will give me more certainity.maybe IEO now be my choice.

The aspect of KYC, I don’t really know how that is liked with terrorism and how they use our information, although it is quite risky to submit anything that has to do with international passport, that is why any KYC that requires my passport is being ignore, after all we have the freedom to choose which KYC to do or not.

But the aspects of raising fund through ICO, I think it is possible, because the amount of funds being required for in these ICO is really something so big to fund their terrorism, and I think something has to be done about this lapses so that terrorist will not continue to use it to siphon fund into their pocket.

Because of so many fraud and hackers, I also don't want to give my personal data and even if the exchanges asking for the KYC, I'd rather look for more good exchange. KYC can't stop terrorism because they can create many identity without knowing it and we can know that hackers are also too smart so KYC is really useless. Cryptocurrency will be better if there's no KYC, but hopefully regulations can be trusted.

Stealing people's ID and information didn't start today, people has been doing for a very long time. I can even remember coming across an ad that would usually pop up and say that Google was giving out free iPhones and I was so confused. I saw a lot of people gave out their information and never received anything. When I saw the ad, I already knew it was fake cause I knew that Google is a competitor for Apple and they are never going to be giving out free iPhones, like are they stupid, why would they? So whoever started such a thing very dumb. But back to what I was saying, cryptocurrency is not the only way people have done that, without crypto they still do it. So people should stop painting crypto black.

News like these are among what freaks me out when it comes to me participating in any crypto projects that requires KYC because honestly I still don't know the reason why kyc is needed in the crypto space. Some countries national ID cards has some sensitive security number which is tagged to such ID and submitting such ID in the name of KYC and getting burnt at the end of it is really drowning.

Now that we don’t have any sort of regulation that will protect investors details being submitted to this organization, this is the wrong time to introduce KYC, and not even now that investors are being discouraged through the alarming rate of scams happening in crypto ICO, what many investors should be doing now, is to be looking for ideas that will attract cryptocurrency investors and not chase them away.

All these are what will continue to give IEO upper hands, because in IEO, you only do your KC with exchanges and there is no other KYC required since it is the exchanges that are requesting for the fund directly into their own wallet and not the project developers.

If we consider the whole situation regarding the operation of cryptocurrency all over the world and the fight against criminal activity, then this should be dealt with by a certain structure, and not by companies that require to provide passport data from participants in the process.  In any case, I see only one moment when it can help.  When this problem happens, it will be much easier to find the culprit if he used cryptocurrency and did not provide his personal data ..

in this case we really need to have a set of regulations to be established just to protect the privacy of the consumers as well as promote the healthy trade in cryptocurrency. This way we'll attract more investors and assure people of security of the system.

Their old alibi has been to avoid double account or cheating from their campaign, there are better ways to check the double account on participants of their bounty campaign and in the case of investing it's the case of money laundering, but the most absurd about this is they themselves are fake people well most of these ICO's.

KYC is one of the crucial issues in crypto because submitting personal documents to a project to receive a few bucks is very unfortunate because not all these projects are legit. I prefer to join projects which do not ask for KYC of late because i still hold this question, ''how come some projects do not ask for KYC yet the survive and progress?''

with very few people working on cryptocurrency, and the amount of prizes received. makes people not lose their mind to get a double prize. and I think we are not a good solution for overcoming multiple people participating or disguising people

That is, it should be considered that the problem of terrorism has been resolved, because they have bought a lot of bitcoins in their time when they were worth about $ 20,000, and therefore the terrorists went bankrupt? An interesting vision of the problem and its solutions.
However, in this way we will not destroy terrorism. This problem is much more complicated and requires an integrated approach for all states and their joint efforts in this direction. Therefore, states will develop common rules for regulating the circulation of cryptocurrencies and such a process is inevitable.

That could be true because with using cryptocurrency, they can buy bitcoin or other coins without using their true identity and they can cover who are they and where they live. They will have access to get the funds from another party and then they can use it for their activity. The free market will be the best place for them to buy bitcoin or another coin because, in that market, they can stay behind the walls. The transaction will not reveal because they can communicate using the other way and only the transaction that will appear in the network.

do not give our identity to the ICO project that is not clear. Therefore we must be able to choose ICO which is not a scam

I think we should not trust every company that we will pass our identity. They might steal any information to us. However, we cannot deny the fact that we need to abide their law specially when it comes in bounty rewards or investment. We cannot control this kind of processing since many of them need to secure their investors also.

I thought that giving your personal identity is to good at all since there would be possibility that it can be used to harm people and to scammed others. I hope that the moderators of this forum inform those owner of cryptos to do not asked for any personal information.

It's the users Itself that needs to be careful and no one can dictates what would be the possible actions it's needed to be your information your responsibility to take care, this investment venue needs to be cleared that everything you did is all about your own concern.

   My thought is everything possible.
I am ready to bet that at least one ICO was used exactly for such target as scamming people in the way to help to terrorism.
   But it's just a drop in the ocean. The biggest evels are governments which sell weapons on left and right. Why all terrorists have Kalashnikov? Don't you ever thought about it?

I'm not sure if there are terrorist that will really have to go to that extent to find information of someone. Thy could find credible information elsewhere like the police record or bank database than ICO database which they'd be swimming on a pool of untrusted information online where people lie about it. Didn't you pass KYC while submitting wrong info to some exchange?

Some of these things are just made believe and speculations and we are not completely sure if we have terrorist in the system yet, and I can see we are the ones promoting this now, because I never got any hint of this and it’s possibility until the op raised the topic.

Why do we like to always be negative about things, imagine government seeing all these and even the terrorist themselves, what do we really think will be running through their mind now. Government will be more furious about the system having this picture in their minds, why anyone associated to a terrorist here will go give the idea to them.

User anonymity has become an important goal, but specifically for ico, it is mandatory to include transparency of their project, especially with prospective investors who are far more critical of their policy direction.

The effect will be cone-shaped and not too large, especially with KYC. I also think that terrorists will target client data that is more important than just ordinary citizens.

It is also an idea of selling personal information. Those projects will try to sell our ID to get a certain amount of capital and invest in other things. But what really annoys me is that after we provide KYC, the project owner delays the distribution of the token and it seems that they no longer respect us. This really makes me crazy and I want us to create a topic to talk about this injustice.

During this time I also wondered, when a project ended in fraud, and they escaped the funds of investors who had been exposed to their fraudulent snares, then how did it proceed? is there a follow up to the fraud? did anyone handle the case? will the investors' money be returned?
with the posts you gave, I just realized that the funds might be misused for terrorist funding.

Where I come from, I have a religion that believes that when there are people that misfortune will come to, we will not be among. We have over 7 billion population, out of this, population of crypto users is also much for us to be sampled out of many information that has been collected, not everyone that collects our information has wrong motive, and the one that have wrong motives will not see our information to collect.

We only need to take some preventive measure, since we cannot shy away from this responsibility that has been placed on us, we need to just watch the project we are working on or submitting our information with, and be sure they are reliable while we leave the rest to God.

Money laundering laws for the crypto might be valid laws, they have the same thing with fiat as well, do you really think a person who would like to launder their money could simply put it on a bank and then sending it to someone else and now they have new money?

People will ask you where you found that much money and that is why they usually do stuff like buying companies and making them look like it earns way more than it actually makes and pay taxes so they could actually show it as a profitable business and use their money. That is why I think crypto should be held at the same standard as well and any amount above certain limit that looks suspicious should be checked out even in crypto form without turning into fiat, like if you have over 100 bitcoins you should be asked for your KYC to check if you are a bad person or not.

Many scam project team were arrested by respective governments but there is no perfect way to handle the scam crypto projects which has been the advantage of people who want to scam.Only way to avoid scams and our identities from misused then stop investing on the shit projects,only invest and pass KYC of the projects team proved their legitimacy and got huge community support where chances of turning into scam is less.

it is possible that there are some terrorist groups that using crypto market for their financial issues. because crypto provides an anonymous transfer possibility for everybody. but ofcourse nobody can blame blockchain adapters about it.

No need to worry if you follow a project that has a high reputation and is transparent. Providing KYC is already at your own risk but without that you also get nothing from the project. So it's up to you to choose, which is why people avoid projects that require KYC.

I don't think they're as strict for fiat.
You can easily create an unverified Paypal or neteller account without having to go through KYC and transact up to a certain amount.

You really shouldn't have to do KYC if you're just trading a couple of hundred dollars worth of crypto.

The reason why they scam people is either they want to have money directly to them or use them to earn more money in others like getting their information etc. Cryptocurrency's annomimity has a better environment for those illegal doers because its hard to track them. We cannot throw away this fact in us.

Crypto currency is indeed very possible to be used as shipping and funding transactions for terrorists.
with the KYC request when registering an Exchanger or when making a Withdraw it will be a little difficult for them, even though they can still use other people's data that they can fake.

The fraud industry is a huge sector and is being is taking place since the advent of internet on a global scale and everyone was attracted to the new ICO market including the fraudsters who scammed people with penny stock schemes and IPO scams in the past and so is the reason we saw many frauds taking place in this market for the past few years, billions have being lost to these fraudsters and till now i have not heard anyone being caught running these scams but the irony is that these scams who took place in bitcoin with a recorded ledger which can track every transactions has the possibility to catch these fraudsters in the future as no one can erase those tracks.

That's why we need to be vigilant and choose the project we invested. Although it's not easy to know what will be goes the project in the near future we need to be observe anything so we can avoid that kind of frauds.

It is clear that you are saying that the act of deception towards others by means of enriching themselves is a very wrong action. but indeed fraud in the crypto field is very large and very often happens. the possibility of tracking is rather difficult and has many obstacles. we cannot avoid this reality. indeed it is real and we must be prepared for it.

Yes, no one, I mean no one can blame Blockchain technology about this since there is a lot of people already doing it and at the same time, we don't have the control on how they will be spending their Bitcoin or other crypto currencies. Bitcoin is not fully anonymous unlike certain cryptos but still, there is that way that they can use it illegally.

Terrorism, drug trafficking, money laundering etc have been in existence before the inception of cryptocurrency yet the governments find a way to often attribute such acts to crypto. Cryptocurrency is created to facilitate payment just as the fiat hence whatever crypto can be used to pay for, fiat can do the same. So why are the governments not associating fiat with terrorism as well?

KYC is procedure how to invest at some ICO project, but I am not happy with many ICO always have to submit KYC for investing at their ICO project, I don't know why have connection with terrorism with KYC on ICO investment.

KYC is something that is required by government provided the company is bounded by law, and Before we continue to speculate that all companies will sell our information and we begin to shiver over this,I would like to ask some of these questions first, what information exactly are we insinuating that these companies are selling to make money, and who are the people they are selling to, and what will the buyers of this benefit from this?

I know I have seen some company sell people’s data such as email and number, and they sell this to companies that needs to do one form of advert and the other for their products which I know is quite wrong though, this is not enough to completely make us go against KYC,  but we usually make it look like they sell those information to the devil himself.

in kyc you are ask for a personal i.d ( drivers license and a passport ) and also a selfie , other will ask for an actual video calls  but they arent selling your personal infos if the company is proven to be trusted .


if the company is scam and they are going to sell your kyc to others  ,they will sell it on the deep web and people that needs kyc will buy it .


its obvious that they will use it on a company that ask for kyc or maybe they will re sell it to others for a profit .

The main intention of KYC is not even supposed to have any wrong motive attached to it, it was just a simple law drafted to ensure that any organization knows its customer enough to be able to guide against any case of fraud, which some of these projects are just strictly following.

Sometimes, it is just or mentality that is really affecting us, and we no longer trust people again. Rather than people going against KYC, it would just be best that they ensure whoever is going to have access to such information is really authorized by government to do so, and this is why the case of KYC in cryptocurrency should really not be effective, because they are not much connected to government policy too.

Ask yourself, is AML/SAR/KYC about terrorism? or it's about maintaining power and control?
From what I can tell, using and transacting with bitcoin may create tension or problems with entities dependent on following scheme or marketing activity:

1) terrorizing institutions got used to debt monetization and maintain a financial system of where monetary supply could be adjusted at well to hide the true cost of borrowing by the oligarchs, and
2) levy a hidden tax by increase monetary supplies and creates rise of good and services, and to confiscate savings without legislation or due process (or hike tax without even you notice: you automatically on higher tax bracket when you get paid with large number but yet it buys you less widgets), and
3) aggregate meta-data and figure out your behavior, like spending behavior or even exploit and calculate and ptimize cognitive distortions using profiles about you and those who are close to you, and
4) aggregate metadata with social media to figure out your network, and exploit your political affiliation and keep you in control and distract your understanding to the true nature of every day event and idea as it occurs, and
5) as adoption increases, it diminishes the effectiveness of federal open market operation.

But you can never refused if you already invested in an ICO with KYC. Because some of them are giving the KYC procedure not at the beginning of the sale but in the end of ICO. I do not like to pass my identity but I cannot refuse specially for those I joined bounty campaigns. Well, I think KYC is good if the developers don't have an intention to harm their investors.

Here is precisely this fact and scares.I don't know once again before sending my documents where they will end up.I would not like to be responsible to the law later because of my mistake.I'm against anonymity.I want cryptocurrency to be used openly and honestly.Fraudsters and terrorists have no place here.

I think that if we demand from the state to make our life safe, then we should provide them with the necessary information.  In this case, the provision of personal data for cryptocurrency owners makes it possible to neutralize those criminal groups that have decided to use cryptocurrency for their evil purposes.

Very scary if ICO is associated with terrorist activities. this is a serious and dangerous crime, I think if you have evidence it should be reported and don't let this issue become a kind of fud for investors to invest with ICO.

This is not where it started, people has been stealing IDs from others and selling them online to make money, and these are not little money, they make a lot of money from selling people's ID. That's why you should be very careful with giving out your information online, especially in cryptocurrency. Cryptocurrency market shouldn't be a place where kyc is requested because it was meant to be for privacy and not exposing the users, any project that is requesting KYC is likely to be criminals out for identity thefts.

Well, you shouldn't be giving your personal information to a random company that you don't know or trust, but even then, registered exchanges have not been known for their super security either.

As to ICOs, they could certainly be used for raising money for terrorism, and who knows if they already have been, given the number of frauds and "failed" projects. An IEO is a much safer bet if you're looking to invest in new crypto, as they're hosted on an official exchange which vets the projects, and not by the project itself: https://www.cyberius.com/initial-exchange-offering/

I am always hearing about  Cryptocurrency,   terrorism and money laundering
If terrorist then what terrorist some facts please .It is much more hard to hide transactions in blockchain than traditional banking
Any currency can be used for criminal activity whatever dollar euro or crypto
There are some dark web transactions with crypto use but if there is demand on products offered by dark web then always will be currency used

again and again we hear the BS about crypto and terrorism
or cryptocurrencies and money laundering , or stealing identities and blackmail demanding bitcoins as ransom etc.
all this is paling in comparison to the amount of the exactly same activities but done with fiat money
it is 1:1.000.000 times ratio since this is how much more fiat money and derivatives in the world than bitcoin and any other cryptocurrency , combined
but the media is focusing on bitcoin being used for shady purposes , intentionally
just compare:
dark web , drug dealing vs direct Afganistan US sponsored drug supply around the world on their military jets
"money laundering" using bitcoin vs trillion of dollars debt that is never going to be paid
funding terrorism through crypto vs arming and sending airdrops to the Syrian terrorists etc. etc.
this needs to be changed and cryptocurrencies could be a small step towards a better world , hopefully

That is very unlikely imo. That is why exchanges are starting to hire companies like blockchain forensic firms like Ciphertrace to make sure these sorts of instances will never happen

Yeah that why many people hate to pass their document for KYC, they don't know what ICO team will do with a lot of document over the world. But I have an opinion that document will be stored for sign up into marketplace or exchanger.

This, of course, is not excluded. However, I do not think that the terrorists will create an ICO, carry out KYC checks in it in order to get hold of our identification data and use them to conduct their terrorist actions. It is too complicated. Even if they need a cover for other data, it will be easier for them to anonymously buy on the Internet data from KYC checks for $ 10 for a hundred of such different data.

It is really a bad thing if that happens. KYC was supposed to help fight those who are doing bad things now that things have changed, projects should be held accountable if that happens.

It is up to the person if they want to send their personal information to the public just for a small pennies. Doing some research is a must if one would want to make sure that he's not played out by some random guys behind the internet. It would be possible that they can sell our personal information to the black market but we have the power to prevent it first by not giving it to the wrong hand.

No way! I believe that we can invest without giving our identity. KYC process is just for whales because small investors only lend a few capital to buy coins. In addition, many scammers are using the identity of their customers in order to scam again. We don't need kyc because we are free and anonymous in this industry.

Yeah who will guarantee the data you provide will remain safe, we are on the internet where we don't know who we are dealing with, we don't know their intentions are bad or not? I myself away from the project that requires KYC for whatever reason, my identity is far more important

It is really scary, submitting your data to a third party and the next thing you know there is a leak or a hack and they lost all the data including yours. So we need to be vigilant, actually self aware not to submit any of our KYC to any services around, unless you are willing that you data and privacy to be taken advantage of.

Current world terrorism activities all around the world made  kyc even more risky process as our personal information may be used to project something illegal activity of which we do not know anything. There are also benefits of KYC but its wrong usage is something which we cannot ignore.

in my opinion KYC doesn't help anything , it only puts you at risk of getting your identity stolen
there are million ways to send a fake ID and many people are doing so
I heard stories of rogue exchanges and ICO and bounty campaigns reselling their users data to any interested party
with the databases resurfasing on the darkwb from time where anyone could buy them
I do not fancy my real identity get leaked just because some exchange doesn't believe I'm not a terrorist

That's really up to us if we will take the risk, for me, if the exchange or a certain service is regulated, we should follow the KYC if we want to use the service, there's nothing we can do with that, if we don't pass the KYC, we won't be able to use it.

And also, if passing a fake KYC, we might be at risk on that if they are regulated as stealing other people's identity is a crime.

Guys, first of all the safety of our personal funds and personal information depends only on us.  Passport control is not a reason for panic.  We provide our passport wherever government institutions require, as well as in any social networks, where and who takes some part.  A relatively cryptocurrency and KYC society immediately begins to express resentment.  I do not understand why.  If crime and terrorism develops around us, the perpetrators are somehow funded.  And believe me, criminals do not carry money in bags in order to blow up someone or destroy something.  Criminals are also starting to use new technologies.  In order to control possible criminal cash flows, you need to be able to track them.  And for this, we definitely need the names of these people.  We must be determined in this life and make appropriate choices.  Or we want to live richly and anonymously and at the same time doom ourselves to life in constant danger, or to have financial independence and live peacefully, without any threats to our lives and the lives of our Families.  Although I don’t like kyct either, and I also constantly resent the relative demand for passport data, but the reality in this life is completely bad.

Hey
If that was even 1% true then at the end of the day all the scammers who took the money of the good folks and their hard earned investments would have been caught in just 1 day.
If terrorists can use it for checking the identities then so can we.
This speculation is not even a little bit affirming.
What we know is this is theoretically possible but doing it practically is something that will put all the technology plus brains at stress.
One shouldn't believe just anything simple.

Everything is possible, what happens is that now for the subject of the KYC, everything lends itself to affirm that at the moment of asking for data already of verification they are for terrorism purposes and to obtain privileged information to be able to take advantage of them. That is why when making a KYC you must determine very well the meaning that the project will take to choose and analyze your equipment and whitepaper.

Well, if your point of view is that every user will send fake data and try to make a scam sending forged documents then you are right. But in practice that isn't so and majority of people with honest intention will give their correct data. And every service provider who performes KYC is obliged to keep the data safe and secure and to reveal them.
And it's interesting to see how many personal data are people willing to reveal online on different social media when even no one requests that but when it comes to KYC suddenly they become very reluctant. At some point people will have to decide what is morw important to them, so called privacy they actually lost first time they got online or security in some cases like terrorism.

By using all KYC documents and information to some people that we didn't know, of course theres a high risk of possibilities and will be used for other illegal activities, but then without any proof of how the docs are misused we can't do anything much with that by my speculation.

I have heard a lot about this conspiracy theory, because in deepweb there are many teams hackers working there and they exchange a lot of confidential information. We really can't know what they do with our information, but it's definitely bad behaviors.
We really should not provide our personal information and only get a few dollars back. That really doesn't deserve the consequences you have to accept in the future.

Terrorism is just another excuse from the authorities to force KYC down out throats. Do you really believe that these "terrorists" are too retarded to use their own KYC info? They can easily get stolen KYC info from the dark markets for $25 or $50. Nowadays, the word "terrorism" is frequently used by the authorities to snoop down on ordinary people.

If the cryptocurrency is anonymous, then no one will buy someone else's data for $ 50, because the cryptocurrency provides a wide range of opportunities for abuse.  I am sure that there should be a certain control, because even today we ourselves suffer at the hands of scammers, for example, in the company’s ico market.

Well, that sounds correct. They used the dark web to purchase from theft identity which possibly comes from us and those naive people who easily fool. Indeed, we should know how to trust the site and give our KYC verification if needed but if you have the chance to avoid then much better. Nowadays, there are new styles of scam technique by using fake identity, indeed, possible also in terrorism intended and abuse someone else.

actually, the KYC system is really very troublesome, but it is undeniable that it is very good for reducing fraud and even terrorist funding. I strongly support KYC because tracking down fraud and terrorists in the blockchain ledger is not enough. 

He may not intend to do that but have wide imagination on what terrorism can do if their lay hands on people identity through kyc. Kyc can be through cryptocurrency, bank or financial institution and that is why, we should be careful with how we give personal information out to public domain as that can be used against us. Terrorism and terrorist can go to any length in gathering information about people and in turn using those information in doing their evils.

What we can really know is which address we sent our money and know how much its balance through Blockchain explorer however we have no way to track what's the name of its owner. This is why it's important for the investor to be aware of frauds that use to steal someone's identity through ICO. Although KYC requirement has a negative side, it's still needed to avoid money laundering not only in crypto.

I think this is a preventive step from the government authorities. There seem to be no conclusive findings on these. Or perhaps KYC just had to find some very valid reasons in implementing it because it was going to be received negatively by a lot of people. And indeed, there were many grumblings against it. But if it is for security really, then it is by all means necessary.

it is necessary to fight the cause, not the consequence. the causes of terrorism lie in other factors. the KYC procedure will not affect terrorism in any way, any scheme can be bypassed

These days it's easy for someone to falsify documents. Past ICOs don't require kyc when investing on them but now most requires it and I don't know the reason why. It is acceptable to require kyc on exchanges because there is really a possibility that its from money laundering. But on ICO, I will never provide my private infos to them.

Terrorism are already there even without crypto they can use even fiat, so I think crypto currency should not be a reason of saying escalating terrorism for their monetary needs. KYC is not a guarantee to avoid terrorist using crypto for money laundering because they can still manipulate documents if they want to.

There is a chance that this could be true but where are the proofs? I've been hearing this whole conspiracy for many years but even the government who are accusing crypto with that does not even have their proof as well. I think that 99% of that the fake ICOs who run with the funds raised are just con-artists. They have much  more chance to pull this kind of scheme.

Sounds really scary. Can I see the source of these rumours?

people identity can be manipulate by bad people. many news talk about digital crime that use other person information. but i never think about if they use crypto member identity to buy something for terorism. there is some limits to use people information and not easy if it concerning between legal or illegal

many people say that there is a big connection between cryptocurrency usage and terrorism. but i dont think so. i dont think they really needs cryptocurrencies to make transactions. they have many other ways to send money.

The biggest terrorists are special services. Do you think they do not have your personal data? Even if they haven't until recently, they got it definitely, including photos of your passports, during ICOs of 2017-2018. Appropriately, thanks to these ICO campaigns, they will be able to tie your identity to your "anonymous" wallet and track your transactions. Welcome to the brave new world!

It is a trading method that terrorists think is safe. Think about it with anonymous currencies, which will be an effective way of paying.

And the issue of KYC, if it were me, I would choose decentralized platforms.

That's why im really careful to choose the project that I invest and do a kyc because in crypto many frauds and scammer, it's really important to be vigilant because we don't know what the exact plan of that fraudsters

And yet, guys, I see that each of us does not exclude the possibility of abuse by the bad guys cryptocurrency and the opportunities that the cryptocurrency market provides.  Based on this, it can be assumed that the requirements to provide KYC are well founded.  But I adhere to the opinion that there must still be restrictions for such conditions, when it comes to not large sums of money, there is no reason to demand to provide documents and prove your identity.

A strict procedure of KYC is needed if they really want to stop something like a terrorism laundering money just to fund their malicious activity. I agree with you on that - that terrorism is already in there even without crypto because someone might be funding them by using fiat.

Due to the issues arising from submitted KYCs, I prefer to study the project very well in order to know its authenticity before I submit my details. Due to regulations in some countries and for verification purposes, KYC cannot be eliminated entirely in crypto.

You have a point mate,some of the campaigns that  I participated before asked to do KYC but I really feel unsecured because of our personal data and documents being send to them.We don't even know what they will do with our personal data that makes me alot worried that is why I don't join campaigns that needs KYC.

In any case, we must accept the fact that KYC is now demanding from us Wherever there are such requirements.  It is in this format that cryptocurrencies will be legalized throughout the world, so that government agencies can control the possibilities of illegal cash flow.  So somehow we will have to provide passport information.

Cryptocurrency, Terrorism and KYC will be interlinked in a very simple way. Terrorism is funded in terms of cryptocurrency and this isn't possible to track the flow of fund due to the lack of KYC. This is how everyone who is against the cryptocurrency used to describe about cryptocurrency. We can't deny there is no illegal or fund transfer to terrorism taking place through bitcoin but this isn't the only channel through which this is taking place. It is a proven fact, majority of the funds for terrorism is transacted in terms of USD. KYC could reduce the use of cryptocurrency on terrorism, but that'll affect one of its feature that's highly required for Cryptocurrency.

If we want to have a good future for a cryptocurrency market and live in a safe world, then we will have to accept the loss of anonymity.  There is no other way out, since the state will be able to harm each cryptocurrency user when it fights against terrorism.

Even before cryptocurrency into the world there was terrorism all illegal activities taking place around the globe, but those happened through the traditional system. Once after the innovative cryptocurrency through the blockchain technology it was quite easy for them to fund terrorists and other illegal substances.

This is what made most countries have a negative thinking over bitcoin. Till date bitcoin used for terrorism and other illegal activities were very small compared to traditional fiat particularly USD.

Actually a scammer always try to pretend as a real person .We have t expose them .He could come out any way but there is many way to identify them .I think KYC should be a way to expose them .Most of the time scammer and terrorist try to being anonymous if they go through with kyc it could be tough to them to scam. So i think it could be a better way to protect both terrorism and scam.

Kyc Don't keep terrorism Away lol.

U guys know If u are big buyer of Bitcoin nobody Don't ask kyc.

Large Otc buyers Can remain private all their Information.

WHO said one of this Otc buyers Not terrorists??

Lol,  funny isnt it?


And When u as poor loser will Not report Ur small taxes too irs.. Or u Don't do kyc u are terrorist and tax evader :D


So dumb

Terrorist are using cash often.Terrorist are using dollars euro whatever currency
It is just excuse to disturb cryptocurrrencies movement
Blockchain is public.any transaction is visible and stored in blockchain
I can understand basic KYC in a case of licensed exchanges but what guarantee i have that my personal data will be not sold to terrorist or any others.
We really need blockchain service what will protect our personal information

As investors, we should really research in advance about the project that we want to invest. A lot of consideration that must be taken before investing. But perhaps most of us are only focus on benefits offered without caring about important matters relating to the project such as the legality,  ideas, team background, and technology used. Indeed need further evidence about wether there is some ICO that funds terrorism activity or not. In local news in my country, bitcoin is used for funding terrorist recruitment via social media.

I think cryptocurrency is an ideal way to transfer money in which you can remain anonymous. So all the dark things, such as sponsoring criminal gangs, buying illegal goods and so on, will use cryptocurrency as a means of transferring funds. Will the identification procedure help against all this? I don’t think, considering how many documents are illegally sold on the dark net.

Agree, but that is just a negative view for most lay people about cryptocurrency, because we know that crypto has many other advantages which of course are not always used only for crime and other crimes.

It is better to ensure ignore KYC instead we fall in risk through ways of terrorism or other. We are highly responsible towards our work functionalities when we are dealing with any projects in crypto platform and better to act with caution before falling in risk.

Indeed, why do people look only on the negative side of crypto, there's no system and currency that is perfectly design for legal transactions only, even the fiat that we are using now are also widely use to finance terrorism, so that should not be new with crypto.

But then, it's the authorities job on how to minimize this illegal transaction, they will be in control and they can carry out their job if they will fully regulate the crypto space, and I'm in favor of that possibility.

And how many crimes are committed with the help of cars or, say, kitchen knives. However, it never occurred to anyone to discuss them prohibition. Any invention of mankind can be used for the ultimate purposes. However, because of this, we should not give up technological progress.
Do not treat a person as a potential criminal. Let everyone do their own thing. Finding felons is the task of law enforcement.

Like crypto being a tool for crime but this technology has a lot of purpose and therefore it should not be stop or ban, those countries who bans crypto are poor countries who doesn't understand the how useful crypto is. Without bitcoin, blockchain will not be invented and with blockchain alone, it makes transactions faster, transparent, and cheaper, these are the features that people should enjoy.

Also, if bitcoin will be use as a universal currency, this will bring fairness to the world as things will be transparent.
Any government cannot fool their people anymore by printing money to increase in the circulation.

Well that's the thing right now, most of us are assuming and there's no valid proof to prove that there were projects before that were linked to terrorist group or I might missed something like that and there's really one on the news before.

As for the evidence, projects that doesn't really have vision and non legit are more for scam and linking with a terror group yeah, but no one knows where to start of knowing and identifying them cos' someone might counter a case of false accusation.

If you don't want your personal information all around the world then don't participate on the shit bounties.

For using the cryptos like bitcoin you no need identity but for using the platform like exchange you may need it so decide which is most prior for you.

I have repeatedly heard information that some drug traffickers used cryptocurrency in the drug trade.  Law enforcement agencies have information and evidence, since cryptocurrency controlled purchases of drugs were carried out.  If such actions are possible in the drug business, then why do many doubt the possibility of financing terrorism using cryptocurrency?  I think that this danger should be eliminated.  Thus, if we want to live in security and peace, we must agree to the provision of passport data.  Of course I do not really like this idea, but we will have no other choice.  In addition, if the state is truly democratic and does everything for the benefit of its people, then you don’t even need to be afraid of taxation, since a simple cryptocurrency user has nothing to fear, but big whales have something to hide, since they own millions of dollars in cryptocurrency equivalent, from which  no one charges taxes.  It is these situations that the US government is interested in.

For me, it is very important to note. That all can happen in this industry. Excellence in this industry is anonymous, everyone does not know each other. However, KYC is now present and applied in various businesses such as ICO, IEO, and STO.

Actually I think KYC does not matter, as long as it is not used for negative things. Before I do KYC, I will examine it and be more cautious.

I am very careful about the exchange using KYC. For us traders and as a bounty hunter. Many platform projects are requesting to do KYC. And I think it is very risky and better I do not do KYC. Crimes such as misuse of this identity are very frightening because terrorism will do nothing to commit crimes.

Be more cautious and not easily tempted by big prizes.

That's some interesting point.
Most people worry about the use of ICOs in the context of money laundering / terrorist finance, which is quite unfounded. Those are trivial amounts compared to the big picture, and quite easy to trace for investigation purposes at high levels. Most of those activities probably use regular US dollars and plain vanilla banks (just look at the all the scandals. One after the other - https://www.theguardian.com/business/2019/apr/17/deutsche-bank-faces-action-over-20bn-russian-money-laundering-scheme).

Data breaches are nothing new after all (https://www.forbes.com/sites/ronshevlin/2019/08/01/after-the-capital-one-data-breach),
but very little is said about the use of collected identification documents by ICOs (even if they never raise).
That's highly sensitive data that can be used to impersonate and do KYC in other institutions (more-so than a simple social security number). If this indeed is the case, I wonder what's the extent of the database and the price per individual.

Terrorism existed years before the inception of cryptocurrency hence I don't give in to the idea that Bitcoin or cryptocurrency is the major contributor to terrorism or money laundering. Just as we can get bad people using fiat to fund terrorism, the same can apply to cryptocurrency hence all the blame should not be pushed to crypto.

I wonder what what exactly the opposite was really trying to communicate across for I don't think terrorists organization can come down low in the name of looking for money to fund there activities by way of creating ICO and at the end go away investors money and identities of the people who invest and who register on their site.

It`s not complicated, if they ask you for your private keys, or for last 4 numbers on the back of your credit card, or any card it`s a scam and run away from there as fast as you can. KYC is evil, I agree with that, they ask for more info they actually need, it`s all for the surveillance purposes. I avoid when ever I can, but we can`t do much about it, if we wish to use some service that ask for KYC we must complete it, or we can`t use that service, simply as that.

The only thing that you can do is to make your research deeper, if you really need to use the service then you don't have any other options but to comply, but regarding to any bounty it can be avoided you can choose from different projects to join which is not asking for this requirements.

If you want to avoid being track down, never to provide personal information don't make mistakes that you'll regret after.

I think that you are right. People who are worried about the security of their personal data simply don't provide them to every first oncoming. Agreeing to share them during the passage of the KYC verification, they accept and agree with the possible risks.

Criminal action can be done with anything. In addition, the regulations that exist in this crypto cannot yet be fully anticipated actions that can harm others. KYC is very often used starting from 2018 and indeed I do not hear much that this procedure is utilized for terrorists. But we should also not be too easy to do the procedure. Do your supervision, research and if you find something that is not right, you should not do KYC.

I'm not sure if this KYC process that they are requesting for every ICO investors and bounty hunters are being use for terrorist activities, but still I'm against this KYC process since yes, we don't know where they are going to use it, also we didn't know them personally so there is this doubt in our minds that they might use it on scamming purposes or in other bad ways.

So this KYC policy is defying cryptocurrency way, which is being anonymous by using it as well as using this forum, nobody knows your whole true identity unless you are going to send your personal information to someone here, to make the story short, think twice before you decide.

Many cryptocurrency have to submit KYC data for trading or investing, many ICO want to submit KYC first before we can buy or invest with their ICO, now we afraid will our data using for terrorism or not because many cases of KYC use for something wrong, but I will submit KYC if ICO trusted and transparent with their data.

I doubt that there was ICOs that were being used to fund terrorists. I never heard such information. Of course KYC procedure is a high risk, you send your photos, data, information to unknown people. And God knows what they actually do with those documents. I just try to be sure that it worth the risk. I won't do KYC procedure to receive pennies.

That is why some government is not in favir of crypto due to this kind of possible scenarios where terrorist funds might be moving in crypto anonymously. And not to mention that credentials passed due to KYC procedure is sold in the black market which put users in risk when used in legal activities.

Government wanted to regulate cryptocurrency to avoid these possible things to happen. Private information is being sold in the black market and that will lead a huge chaos if it is used in illegal activities.
And Regulation from the government might become help to lessen the risk of using our private information in illegal activities.

It is one of the reason why crypto image is beggining to look bad, but the other thing is, crypto is being used in illegal activities which is really hard to locate because of its anonymity. If bitcoin was introducedbformally in the public, they will know the true purpose and use of bitcoin, that this is not only for illegal things.

That's why I do not participate in KYC because of the risks. There are now a lot of issues about KYC because some of the identity have been sold online. Just stay out to KYC in order to protect our identity.

oh no..  what about my fate that has already participated in many projects that need KYC verification, I think the first project that needs KCY verification is likely to be successful, especially bounty & airdrop. now I realize that participating in projects that need KYC verification is very risky.

I used to attend an airdrop event, I had to verify KYC only for $1, Hmm.. -_-
now I am more careful to participate in projects that require KYC verification

at this point in the crypto-world history, everything is possible... and this is much plausible
KYC is a very dangerous business as you'll share your personal info and documents with persons/companies you don't know and the devs rarely go through KYC... especially people doing KYC for bounties, these guys are probably getting into every dark web kyc sale list available...
I am very carefull with this...

I am also worried about this issue right now. since there are many bounty projects that require participants to KYC, these participants didn't have any other choice because they will not be paid if they are not passing KYC, of course this is detrimental to the participants. Moreover, sometimes there are projects that inform the KYC must be done after the bounty project is finished, which means they did not notify from the beginning.

Not everyone are into data selling. KYC was prioritized by ico projects to keep away investors from few countries as their regulatory compliance is against cryptocurrency usage. There are projects that don't ask for KYC, and these days it is hard to find ico projects that reward good for the promotion done carrying their signature.

Nothing to relate the KYC with terrorism, because if terrorism is happening through cryptocurrency it'll be mere 0.1% while the rest happens through USD.

This is true the blockchain technology can be a way to more easy for some criminals and terrorist to collect money and destroy governments this is one of the disadvantages I can see on it and authorities are having a hard time to control but I think every problem has a solution that in the future it may controlled totally by every jurisdictions. Its not proven yet that this speculations are real but maybe its true. 

that was true even in bounty ,you should not give your identity to unknown persons that promise giving you a tons of shit tokens  ;D.  I mean your identity is much more valuable than those shit so dont exchange it that way.

Terrorists are financed by large organizations with huge resources and resources.
Obviously, these organizations want to remain anonymous, because if they are deanonized, the heads of the organizations' accounts will be blocked and someone will go to jail.
Bitcoin and cryptocurrency allows you to transfer funds while remaining in the shade, which, in turn, may contradict the laws of many countries. Not surprisingly, regulators require delisting of anonymous cryptocurrencies.
Whether the introduction of the KYC will cope everywhere with this problem, I think partly yes, because financing of terrorism requires huge funds, and ordinary documents bought on the darknet will not help here.

That is the bad side of crytocurrency which is very hard to erase, we adopt and like this new technology because of it's decentralization but those people who have some illegal activities took their chance by using the same technology and transfer their money in different countries without being noticed by the government and I think that it is one of the reason why KYC was implemented by SEC.

KYC are just being used mostly in ICOs/IEOs or in an exchange but KYC doesn't really help the SEC or any government institution to lessen the amount of crimes that are happening with the use of cryptocurrency. Cryptocurrencies are so powerful and they are so decentralized and for me, we cannot do anything to avoid the illegal activities and the only thing that we can do is to lessen the decentralization to be able to monitor the flow of transactions.

Cryptocurerncy never support of using for some thing wrong like for terrorism, bitcoin can use for making transaction become easy for one country to other country with faster payment and less fee for every transaction, never allowed use for terrorism and why using bitcoin you need to submit your KYC data, when you make an exchange market you need to use your data ID and the exchange will know bitcoin and altcoin is not for terrorism.

That's possible but I don't think cryptocurrency would allow it. They will surely do something to get rid of crimes and terrorism. If you're doubting of exchanges and projects that require KYC then let's just look for exchanges and projects that don't require it. Projects are just requiring it for security purposes so we have to look for a legit one to have an assurance that our personal information is safe.

I agree with this, but we cannot avoid it especially since it cannot be controlled by anyone. So even terrorists can use it easily. And for KYC, yes KYC is only used on trusted platforms like wallets, exchanges. So we should not give it away immediately to ICO campaigns in exchange for their promise of no value coin.

How about paypal? or even social media in general where you can literally give critical informations to them such as home address, phone, or even your real life photo. It's really weird to see stuff like that where on social media, everyone could literally use your stuff for crimes.

This is speculative, you could have provided a link or the thread. Such actually has been said but I consider some of such as fud which work against cryptocurrency.

These heinous activities have been in the society even when crypto wasn't dreamt. What do you think of "slave trade" in the past? Drugs, terror acts have all been existing giving different governments challenges to curtail.

It is certainly possible, but there are many other - an simplest -  ways of obtaining the data of people without having to resort to crypts.
Not only that, usually those interested in crypto are more careful about what they put on the net, but most users are totally naive and ignorant.

I don't hear anything like this news but it's really important that before we give our identification make sure that project is really have future in crypto. Always be careful to give your personal data because it's trend now in dark web the buying of identification from Kyc in some crypto projects and websites. Think many times before give your personal identity in any websites because the generation now is so harmful.

I don't think that this is happening right now. There are a lot of places where terrorists can buy easily real identity documents for cheap prices ( especially on the dark web websites), without passing per the whole procedure of creating a startup project, which is a lot more complicated for them and a lot more expensive too. But I agree that you have to make sure the ICO project is legitimate before sending any documents to its team members.

It's not impossible to happen. Transactions in blockchain are transparent, however they are hard to trace and since only addresses and amounts are included, and we don't have a database for who is the owner of these addresses, we cannot track these illegal activities.

KYC information is valuable, that's why some companies sell it to some sort of illegal markets, which should be punished by law. But since no names are included in the crypto-ledger, we cannot really track who's doing it or who's not.

If you confused with many ICO submit KYC you can buy an  ICO coin after listing with exchange market, you can use an exchange have limited withdrawal in daily without KYC like kucoin give about 2 btc withdrawal every day without submit KYC adn using binance exchange give 1 btc for withdrawal without KYC, you can start your investment without have submit KYC if you want your data and your ID safe and not use for some thing wrong by exchange or ICO project.

These limits exist only on paper. The moment an exchange notices any suspicious activity with your account, they will raise a KYC request. It doesn't matter how much you are trading or withdrawing every day. I have seen KYC being asked for users who had less than 0.01 BTC in their wallets. Nowadays this KYC requirement is becoming more and more intrusive.

That said, I have to agree that Binance is still better than many of the exchanges out there. I heard reports of Bitsamp not just asking the KYC from users, but also asking them to give sources to the funds (including signed messages from Bitcoin wallets and Blockchain logs). The new FATF regulations (which were implemented this year) are not helping the matters either.

I believe that it is already necessary to stop resenting the relatively full-scale requirement to provide KYC to all cryptocurrency users on all resources and in all companies.  This trend will continue and will especially intensify when cryptocurrencies are legalized worldwide.  So far, this process is very slow.  But we have to take care not only about ourselves and about our money, from which we do not want to pay taxes, but also about the safety and well-being of others.  In most cases, people refuse KYC for this reason.  I don’t understand what the problem is if I don’t hide anything from the community.

On the contrary, I believe that after the full legalization of cryptocurrencies, we will pass KYC checks less. Now the FATF rules establish the general conditions for passing the KYC procedure - this is for transactions over one thousand euros. If we transfer smaller amounts of money in cryptocurrency, we will not have to go through such a check. Now, when this activity is still very poorly regulated, we are forced to undergo a KYC audit even with transactions for amounts that are much less than a thousand euros.
I also especially hope that when regulating cryptocurrencies by states, bounty hunters will not pass any KYC checks at all, since we do not invest money and we cannot be suspected of laundering dirty money.

I think the anonymity factor of Cryptocurrencies has been greatly hampered already at the time of ICOs due to this KYC thing and believe it or not you ids are definitely being sold over the dark web. On the other hand when it comes to question of having a whole terrorist network which is being funded using Crypto. I think it's not that difficult. All an ICO requires is a 8 year old domain, a dozen of paid faces to represent ICO and a developer who knows how to develop ERC20 token and boom you can raise money for your sunday movie with girlfriend too. So even Terrorist too would have got advantage of this. Who knows if they have even directly raised some ICOs we just don't know where the money is going.

I hate KYC too many risk using with our data, maybe for exchange market have limited withdrawal we need to submit KYC. Now many investment ICO need KYC if want to purchase coins where other side we have faced big risk how come our data using for bad or criminal cases? do you believe with ICO give trusted with your data safe?

I no longer believe in ICO because there are many cases of fraud so if there is an ICO must ask KYC to buy please be careful I fear it is being used wrongly for crimes and other frauds, our data is very important so do not carelessly give our data to projects that do not clear.

when you do KYC in an ICO or wherever it is I don't think you should do it because if you do that your identity and your privacy will be held by others and without your knowledge your identity can be used for something very bad, My statement is not to completely prohibit KYC but only to give advice to you traders as much as possible not to do KYC too often in any place.

You can do KYC when you participate in ICO, IEO or at an exchange, some time ago the place to store bitcoin like blockchain has also started using KYC so I don't think there is any harm to KYC but you have to be careful when doing KYC.

For the KYC process on the exchange when they have large funds in my opinion it is indeed the right step. but right now my focus is when there is an airdrop that requires participants to carry out the KYC validation process. and this is very risky with someone's personal data that could be misused. rewards given are also not suitable in my opinion

Even though it might not be right, it can happen one way or another.
KYC is obliged if someone has to deposit or withdraw fiat currencies.
All of those ICO or IEO which requires KYC is not necessary to submit your id docx to them unless the bounty hunters thought it's alright to hand over private docx which can be misused

Of course. it contains a lot of risks when you provide your KYC to the fully unknown platform, there could be a possibility to hack your whole information as well as it will get at threat for you anytime, So it's not a good thing for this cryptocurrency platform, I think when a person faces this type of problem then it must go straight to the bad reputation of this platform, this type of incident will bring a lot of negative feedback unless we can't protect this platform. I don't mean any terrorist group, I mean all the fake and scam project these are the main barrier of getting accepted to the general people. so it should be stoped at the early stage.

In most cases you are compel to do kyc even if you wouldn't have done it,  as long as you want to trade or transact in an exchange, it is a requirement you must fulfill,
some exchange won't allow a withdrawal of any amount if you are yet to complete the kyc process,  they don't exactly leave you with any choice, so it is up to the exchange in question to keep your identity safe and don't let it fall into the wrong hands.

The only solution is to look for exchange without kyc and from the look of it such exchange are few, and there is also a possibility that the coin/token you intend to exchange may not be listed on that exchange, then what will you do.

Many options have now been created to combat crime and terrorism worldwide, and as is well known, many criminals use blockchain technology through Bitcoin and cryptocurrencies, although the highest rate of crimes against humanity and terrorism belongs to transactions made directly with fiat money, mainly through dollars, now Cryptography cannot be blamed, since some nations take advantage of this claim to plant their rules and regulations that make no sense, only to control .

In a California-based Silicon Valley company, it has expanded intelligence using blockchain technology, which allows it to track more than 700 tokens with 87% coverage, so far the best in the world.

This to track possible cases of terrorism and crime, according to Shannon Holland, who is director of the company, said that the work of recent years has been intense but worth the effort, this in collaboration with regulators and financial investigators from Las last 4 years.

Pamela Clegg's research director says that through Bitcoin many transactions arise due to its central liquidity, but that the Altcoins have movements of billions of dollars every day:

Source:https://bitcoinist.com/worlds-most-comprehensive-crypto-tracing-announced-with-87-coverage/

I do not have any problems with providing passport data and therefore I will not oppose the requirements of KYC.  I believe that the real openness of the cryptocurrency market and its users will make our world more secure, because the threat of terrorism is very strong.  No one accuses cryptocurrency of helping criminals, but any possibilities for criminals to use cryptocurrency should be avoided.

KYC really needs to be in crypto currency, but we must know and be careful who asks KYC for us,
if the company does not clearly and not strong ask KYC for you you, should not need to give it, because it is very risky to be traded on the dark web

did reward amount worthed with our personal data? If it did we may pass kyc in any exchanges or projects.before we sent it   understanding the risk must be an obligation so we will not regret if someday occur problem with our data.actually kyc implementation good enough to prevent any financial crime in cryptocurrency market.

well like this that we must be aware of, if the company does not clearly ask kyc, because it could be used for crime.

Terrorist organizations can use cryptocurrencies for their missions because the crypto market is growing at a fast rate, and there is widespread adoption of second-generation cryptos, this means that funds can be easily transferred and liquidated, the use of privacy coins also comes with advanced privacy features making the systems more prone to usage by terrorist organizations. The issue of regulatory oversight in some countries could also make transactions hard to trace if a trade occurs thus such countries would be a breeding ground for terrorist activities. Its also important to note that FIAT Currency has also been used by terrorists even when using third parties and highly regulated market.

If it is for airdrop purpose, then would not take risk my personal info, I would rather not to earn a penny just to make sure my personal data is safe. I am doing KYC when required by the exchange such as when needs in withdrawal, and I have fund to withdraw.

Even KYC in exchange a terrorism can hack it, just like what happened to some exchange, wherein they are asking for money to exchange owners for them not to leak the KYC info of their users.

indeed KYC will be pros and cons because every time there will always have an endless debate, but for KYC it is very sensitive meaning it is privacy data that you have so when you do KYC then your identity is no longer anonymous and the developer knows the identity you will be dangerous.

Only with trusted site available for sending our document, do you want to sell your document with bounty campaign but less value and some ICO without have exchange market why you need submit your document, I agree with your opinion only trusted site we can sent our document for KYC and too risk with using real document for fake website.

Truly terrorism has been before cryptocurrency but it's no more a hidden fact that terrorist has been using cryptocurrency as means of funding themselves, it's much more easier in transferring cash as compared to moving fiat,  that is why people are advised to not give out their kyc details easily online because they are being sold perhaps to this people

Yes, I strongly agree, because using KYC against unclear projects will be very dangerous, especially the misuse of the data, if we want to do KYC in the project, make sure first that the serious project starts from the team, whitepaper, roadmap, and mission of the project so that nothing bad happens.

I was thinking about criminal acts and stolen identities, but so far I haven't heard anything similar to the method you shared. So far to do the KYC in the ICO project, it has never occurred to me, because the guarantee of personal information security is not available, even though they say the information will be safe. Be careful when submitting personal information, because personal information is very confidential.

Keep your document safe with KYC only trusted site like Binance exchange, Gate, Bittrex and Huobi exchange. For other exchange better you do not submit your KYC because you document sent to the wrong people and use it for bad thing, for investing with ICO you can join with your friend and ask him for submit his KYC and you give him money for investing on ICO without use your document.

That's right, give your KYC only to companies that are truly trusted and professional, so that the data we provide will be protected from misuse. For Airdrop required for KYC I personally will not provide it, you better keep your data if only to get shit tokens.

Those that collect data are responsible to keep them secure. This has nothing to do with cryptocurrencies. There are way more important data then people finances. Health, police, governments.

some arguments say that's true, but I haven't seen authentic evidence. the biggest mode I think is that they are purely to enrich their own groups, so it's just a business problem that tends to be dirty, not to terrorist mode.

kyc and ico are indeed things that I disagree so far because the company's validity is questionable. But as it develops, many investors will choose a more valid IEO with an exchange that has high credibility. So people will also think twice about joining ico who looks awkward.

If we look at the current situation on the cryptocurrency market and how any government of different countries relates to cryptocurrency, especially after the negative G7 report, then it seems to me that there is no point in giving your passport data to different companies that can’t carry out their activities on the cryptocurrency market, and  It is within the framework of the law in certain states.  I believe that the provision of KYC cryptocurrency by users should be in parallel with the full legalization of cryptocurrency.

Do you think that data regarding health, police.etc is more important than the financial data? I have to disagree with you there. Even if the health records are leaked, what will be the use for the hacker? How he is going to monetize that information? On the other hand, in case the financial information is leaked, it can be used for all sort of criminal activities.

How come terrorism know with bitcoin and blockhcain, how they will cash out bitcoin assets become cash money without registered with bank account, terrorism will delist from bank member and they will never can get cash money from bank, with bitcoin you need bank account when you withdraw your bitcoin to be cash money, now stop saying bitcoin and terrorism have relationship with KYC document data.

actually there are still many shortcomings that exist in the investment of crypto currencies and one of them is a security problem because there is currently no institution that provides power and oversees the development of crypto currencies because crypto currencies can be used by anyone at any time and at any time and all depends on the intention and investor's own goal in investing

one of the weaknesses in the economic system using cryptocurrency is one of them is the problem of weak security protection in performance or assets in crypto, or in other words, there is no legal force that is able to protect everything related to crypto currencies, so security from assets and our identity is that we ourselves are fully responsible

Indeed. don't risk your personal info on projects that not interesting and you think that looks untrusted. because one wrong move might cause any trouble. now a days terrorism are widespread and actively doing their own move to fight government. cryptocurrency is their main way of preventing them from being seen by the government. and they may have been victimized some users many years ago. so let's be careful about what we do here in the crypto space.

yes you are right a lot of people who use KYC for criminal acts. therefore I currently avoid participating in projects that use KYC requirements. I am not willing to exchange my personal identity for a few dollars. and using KYC does not guarantee that the projects we follow are not scams. many ICO projects are scams that also ask for KYC. now I prefer to join projects that don't use KYC.

It can be true, though I have a doubt about it! I have been living with crypto since 2015, but I never heard such ICO, KYC terrorist acts ever! Even when all ICO was dying in 2018, I did not hear like this crime! There are many ICO scammers who committed crimes and they should go to jail but yet they did not do criminal activities with our KYC! Maybe it happened, I just personally did not hear about it!

To avoid such bad activities, everyone should do more research before doing any project's KYC!  

That is why I am afraid when bounty needs kyc. But I have not heard any news that uses our kyc in terrorism, no news so far. Maybe there are some people uses cryptocurrency to make its image bad. This kind of news affects the cryptocurrency world, the market always goes to dip and crashes when something like this has been aired or been posted in different social medias.

Not all of those who requires KYC are doing it on terrorist activities, that is too heavy to accuse to someone without any proof, maybe they are just using it on something that is not that big like terrorism, but they could use it on applying illegal documents online or taking out loans with fake profiles using their clients KYC information. Anyways, I'm also against this process because of too much smell like a fish.

There is a very simple explanation why you have not heard anything about the crimes related to terrorism in the field of PPI or have heard so little. While the fundraising is in progress, we may not fully know who the project investor really is, even if he is undergoing an identification process. However, some time after the fundraising ended, it may turn out that among the project investors were members of the organization classified as terrorist. This will become clear only after a while, after which we will receive a notification to the court with subsequent publicity.

Why have afraid with KYC on bounty campaign if getting higher reward coin? I will joined all bounty campaign although have KYC if get much reward coin, if ended bounty campaign but reward less than under 0.2 eth I will not sell my KYC with lower value of bounty reward, just KYC with bounty campaign distribution higher reward and have trusted owner to participated at their bounty campaign.

indeed there are some who raise funds for terrorists that have happened but you must know that if KYC is carried out throughout the platform then it will make your identity spread and your privacy disturbed because we all know that the privacy of people should be well guarded and do not spread to the public.

Maybe you are not aware to the identity stealing nowadays, we may never know where did they used our valid ID , our valid id can be use by illegal activities, they can sell our identity to others for there own benefits, though yes I sometimes give kyc but I always hide the security numbers of it, so that there will be a some private part that they cannot copy.

Many ICOs appeared using the real identities of the project team and dominance emerged from Africa, Russia and China, I even confirmed this several times via skype (I didn't carelessly follow many ICOs). if their project ends up detrimental, they are not even touched by law because there is no online crypto business regulator that limits the number of investors from outside their country. If this is related to terrorists, the government should have pocketed their data as evidence, but in reality this problem is still not too important to be taken seriously. For KYC, this is a very abstract problem because their business does not get legality, even after circulating in the market, dev is free to spread coins to traders without KYC. Important data investors and hunters who are considered important eventually become a boomerang for themselves.

Did you heard about terrorism use bitcoin for their transaction payment? So far I never heard with terrorism make transaction with bitcoin and altcoin as payment currency, they never know with bitcoin and do not understand using bitcoin because almost bitcoin account need KYC to withdraw, terrorism do not withdraw without KYC their document and impossible they will use KYC for bitcoin exchange account.

Maybe this was a good idea to gather informations from different people  but quite complicated. Also, this requires a big amount of money which are capable of buying other useful things like weapons. In addition, if they want to gather informations from a lot of people why only those small ICO projects and not big comapnies that gather more informations like facebook and other Social Media companies?

SSN ID details was stolen many times and US government tried to give the security to their people from data pulling and now in this cryptocurrency field we are seeing good amount users to sharing their personal information in the name of KYC and it has been steal by the ICO companies.
As much we can try to give the protection for the data instead of free giveaway. Then as a investor expect the security from the project else don't invest on them.

When created Bitcoin wanted to help people. But in the end, you can applaud people how they can distort something good into something bad.

KYC is one of the innovative ways implemented by government to  improve safety on crypto and worldwide financial mobility.
If it is been used by criminal elements,  it is the duty of regulatory agencies to look into it. But I believe that KYC information are not compromised as assumed. 
If failed ICOs parted with investors funds, it wouldn't be because they want people information. Our concern should be with Airdrops.

Most likely you could find those on dark web and people sells our identities for the sake of crimes such as terrorism and stuff, you might find news that people got arrested from doing X stuff even though the "real" person claims not doing that. Internet is really a scary place.

They use those credentials for their own benefit. It's not just on ICO though, even on real life they also do that.

We should be careful on sending our private in the internet because it can be stolen. There are ICOs that can considered as scam because they are focusing on collecting identity of the participants. There are now many identity that been stolen and sold in the darknet. It is been issue in the past and that is why many investors are now afraid to participate in projects that requiring KYC verification.

There is no deny to it that there are many ico or service which use kyc as means to take identify proof and malicious use it for other gains. I think for bounty campaign kyc should not be there as we are taking payments for our contribution.

KYC policies can really lead to illegal activities like identity theft, that is why a lot of crypto users are not in favor in signing themselves in projects that has KYC because they are scared that their identities might be use to trick other people. We should be really be careful to entrusting our identities to strangers because it can lead us to harm.

This is the reasons why a lot of people hate submitting KYC in projects because they are afraid that their personal information might be used to sell it in the different people or terrosist for their illegal activities, that is why i always reject to submit KYC in projects and gambling sites just to save my identity.

Unless there's a big article that will state some points you've mentioned about it, then we could verify its legitimacy to be true with references and such. But I don't really think they will come up to the point that sending KYC will lead to make terrorism developed, because as far as I can speculate, what they could get in our identities and personal information are market details, analysis on how to run ads to different platforms which could give them allot of money when sold to different projects. Remember, the most valuable assets are our personal information.

Kyc shipping is not worth the risk we suffer. I personally do not agree with that. Moreover, there is no legal protection from the government. I am afraid that if used for criminal acts and on our behalf, so we will deal with the law. will certainly make the atmosphere complicated by our mistakes in sending kyc

I strongly agree that airdrops or ICO pojects that require KYC procedures are very prone to be used for illegal activities,
such as use their identities for terrorist activities. Therefore, I strongly avoid anything in the crypto world that requires KYC.
To be honest, we have to admit that anonymous crypto is used by many terrorists to find funding and buy weapons.
Conclusion we should not carelessly give our personal identity to arbitrary sites or projects, if you do not want an identity
we are abused.

It is correct that cryptocurrencies can provide anonymity for terrorist groups so they can make some hidden transfers. But terrorist groups have been using usd, gold even credit cards as well. governments can not stop them by forbidding cryptocurrencies.

I'm now afraid because I participated before in projects that requiring KYC. I'm afraid that my identity can be stolen and can be use in illegal act. I saw articles before that there are projects and exchanges that sold the identity of their users in the dark net. That is why I always ignoring the projects and exchanges that requiring my identity. I want to stay anonymous that is why I'm against KYC.

I am also against in KYC because yeah some of the projects that needs KYC sells their clients identity in the deepweb. And as what I read in some articles the number of those who killed by anonymous people was increased and I think this is one of the reasons. Imagine someone got killed without any clue.

No need to worry because some of project was trusted and it was good if you do know if the manager was trusted too. There are a lot of campaign that needed that and also to have or to avoid number of same account on the campaign.

Indeed. There are really some projects that we can trust when we already submitted our KYC forms to them that 100% sure they won't sell out our identities or personal informations. But we still need to be careful in sending our own personal information because it is not a joke from getting your information that they could use it in bad activities to trick other people.

if what you say is really real, this is the most feared thing for all who give KYC. in fact it is true that KYC cannot guarantee whether the identity requested by what we may not know and not the institutions recognized by the state. if the institution is recognized by the state it will certainly be used properly and can be accounted for. it's better to avoid KYC.

Indeed there have not been many reports about the misuse of identity for KYC, but logically, without a legal guarantee from the government, it is better to avoid KYC. if our identity is used for crime, then the risk we bear it, and this is not comparable to the rewards received

We cannot guarantee 100% that there is a project that safe where our identity will not be stolen or sold to others. There are always risks so we should make sure that the risks that we are going to take risks. Our information should be private and KYC is a threat for me and it is the reason why I always avoiding exchanges or projects that needing my I.D's. 

This is a fairly reasonable inference. I'm also quite suspicious of KYC implementation and then we get their tokens and money. All these things are not free and I suspect they will do something to terrorist organizations. This is really scary and we should protect ourselves from now on. Do not offer any KYC for airdrop campaigns or KYC reward programs. We should only provide KYC for major and major exchanges like Binance, MXC, Huobi to protect our assets.

Yeah, people feel the same as you and that’s why most people don’t invest in a project that asks for KYC. But mate I think now the number of such projects has reduced and people don’t like starring their KYC. Those projects who ask for KYC will keep your identification safe from harmful people so better keep them safe so we should invest with trustworthy projects.