Cryptocurrency, KYC and Terrorism

[Wallflower28]

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)

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.

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[salty]

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?

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.

[Suslura]

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.

[mamesso]

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.

[Husecomang]

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.

[DigitalCyberius]

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/

[Pab]

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?

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

[veleten]

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?

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

[ccryptopark]

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

[zenhu]

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.

[Argoo]

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?

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.

[shinharu10282016]

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.

[Oceat]

it's just a presumption, and not necessarily the truth.
you are right, they could have misused investor identity for illegal activities such as "terosisme". therefore we must be more careful.

So that is no longer a presumption, because with misused KYC it is very possible for them to be used on the black market and the worst is for terrorism activities. This is a concern for many people because even I have read these rumors which seem to be the case, so with such a valuable personal identity we should be more careful and if they have a project that has a good reputation then giving KYC maybe will be safe even though nothing guarantees that 100% will be safe.

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.

[Gibreil]

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.

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.

[iMark]

it's just a presumption, and not necessarily the truth.
you are right, they could have misused investor identity for illegal activities such as "terosisme". therefore we must be more careful.

So that is no longer a presumption, because with misused KYC it is very possible for them to be used on the black market and the worst is for terrorism activities. This is a concern for many people because even I have read these rumors which seem to be the case, so with such a valuable personal identity we should be more careful and if they have a project that has a good reputation then giving KYC maybe will be safe even though nothing guarantees that 100% will be safe.

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.

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

[btc_angela]

it's just a presumption, and not necessarily the truth.
you are right, they could have misused investor identity for illegal activities such as "terosisme". therefore we must be more careful.

So that is no longer a presumption, because with misused KYC it is very possible for them to be used on the black market and the worst is for terrorism activities. This is a concern for many people because even I have read these rumors which seem to be the case, so with such a valuable personal identity we should be more careful and if they have a project that has a good reputation then giving KYC maybe will be safe even though nothing guarantees that 100% will be safe.

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.

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.

[virasog]

it's just a presumption, and not necessarily the truth.
you are right, they could have misused investor identity for illegal activities such as "terosisme". therefore we must be more careful.

So that is no longer a presumption, because with misused KYC it is very possible for them to be used on the black market and the worst is for terrorism activities. This is a concern for many people because even I have read these rumors which seem to be the case, so with such a valuable personal identity we should be more careful and if they have a project that has a good reputation then giving KYC maybe will be safe even though nothing guarantees that 100% will be safe.

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.

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.

[veleten]

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.

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.

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

[freedomgo]

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.

[Mr.ZODIAC]

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.