Cryptocurrency, KYC and Terrorism | Bitcointalksearch.org

Visbay

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Quote from: GideonGono on January 10, 2020, 09:10:28 AM

Quote from: Savemore on January 09, 2020, 11:20:02 PM

Quote from: awik p on January 08, 2020, 09:39:30 AM

Quote from: Pinkris128 on January 08, 2020, 05:07:26 AM

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.

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'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.

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.

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.

leyton11

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Quote from: congresowoman on June 05, 2019, 02:53:56 AM

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 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.

KnightElite

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Quote from: Colt81 on January 10, 2020, 11:02:33 AM

Quote from: GideonGono on January 10, 2020, 09:10:28 AM

Quote from: Savemore on January 09, 2020, 11:20:02 PM

Quote from: awik p on January 08, 2020, 09:39:30 AM

Quote from: Pinkris128 on January 08, 2020, 05:07:26 AM

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.

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'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.

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.

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.

andriarto

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Quote from: elisabetheva on January 10, 2020, 07:38:36 PM

Quote from: k@suy on January 10, 2020, 02:20:51 AM

Quote from: Savemore on January 09, 2020, 11:20:02 PM

Quote from: awik p on January 08, 2020, 09:39:30 AM

Quote from: Pinkris128 on January 08, 2020, 05:07:26 AM

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.

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'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.

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

elisabetheva

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Quote from: k@suy on January 10, 2020, 02:20:51 AM

Quote from: Savemore on January 09, 2020, 11:20:02 PM

Quote from: awik p on January 08, 2020, 09:39:30 AM

Quote from: Pinkris128 on January 08, 2020, 05:07:26 AM

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.

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'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.

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.

Colt81

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Activity: 630

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Quote from: GideonGono on January 10, 2020, 09:10:28 AM

Quote from: Savemore on January 09, 2020, 11:20:02 PM

Quote from: awik p on January 08, 2020, 09:39:30 AM

Quote from: Pinkris128 on January 08, 2020, 05:07:26 AM

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.

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'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.

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.

GideonGono

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Savemore on January 09, 2020, 11:20:02 PM

Quote from: awik p on January 08, 2020, 09:39:30 AM

Quote from: Pinkris128 on January 08, 2020, 05:07:26 AM

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.

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'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.

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.

k@suy

sr. member

Activity: 882

Merit: 269

Quote from: Savemore on January 09, 2020, 11:20:02 PM

Quote from: awik p on January 08, 2020, 09:39:30 AM

Quote from: Pinkris128 on January 08, 2020, 05:07:26 AM

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.

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'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.

Savemore

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Activity: 952

Merit: 274

Quote from: awik p on January 08, 2020, 09:39:30 AM

Quote from: Pinkris128 on January 08, 2020, 05:07:26 AM

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.

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'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.

Mihaylovic

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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.

Shasha80

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Merit: 318

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.

awik p

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Pepemo.vip

Quote from: Pinkris128 on January 08, 2020, 05:07:26 AM

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.

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

Wintersoldier

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Activity: 966

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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.

Pinkris128

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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.

Blackdeath

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Quote from: congresowoman on June 05, 2019, 02:53:56 AM

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?

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.

Forbiddenone

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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.

DevilSlayer

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Quote from: TinaK on October 31, 2019, 12:37:17 PM

Quote from: Mumbeeptind1963 on October 31, 2019, 06:14:34 AM

Quote from: cutesgirl on October 31, 2019, 05:26:49 AM

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.

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.

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.

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.

sulendra12

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Quote from: congresowoman on June 05, 2019, 02:53:56 AM

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.

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.

Quote from: congresowoman on June 05, 2019, 02:53:56 AM

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.

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

HarmonyA

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Quote from: congresowoman on June 05, 2019, 02:53:56 AM

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?

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.

Roktrtmen

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

Topic: Cryptocurrency, KYC and Terrorism (Read 2716 times)