Hello,
Yes Unocoin had an query regarding a specific customer last year by authorities. Unocoin has complied to submit his KYC documents and cease that customer account after getting a legal order from the concerned department. This is about 10 months ago though. These were given out as a print out and not DVDs. This has not affected any other transactions or any other customers.
Regards
Do you mind disclosing who was this person or what he had done ? Also how are we suppose to believe our details are safe with Unocoin ?
The identity of the person cannot be disclosed. He was caught red-handed by the authorities. So Unocoin was summoned visit the authorities and was also asked to provide his KYC that was acquired while getting that user sign-up. You can read the privacy policy on Unocoin.com.
out of curiosity was he caught because it was bitcoin related or because bitcoin was only a means of his crime? i don ot understand how people can do illegal stuff while using an exchange that solely uses bank transfers. it would be good to keep everyone aware of even the bad ways bitcoin can get used.
As a means to do crime. Once a prospect criminal is caught, all the parties who paid him money and to whom he paid money will be summoned to give the explanation of what ever is known about this person. Yes it was through bank transfers and even bank would have got the summons to provide the KYC and any other details they can provide regarding that person. He had used westren union a while ago and those agents were summoned - like this, in this case about 35 were summoned to visit and provide what ever details were acquired regarding the person in question.
If you know what not to do with cash, then you should not do the same with bitcoin as well.
