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.
Topic: Cryptocurrency, KYC and Terrorism - page 10. (Read 2683 times)
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 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.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?
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.
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.
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.
with the posts you gave, I just realized that the funds might be misused for terrorist funding.
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.
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.
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.
Previously, there was no cryptocurrency, but there was more terrorism. Now I do not hear in the news about the big terrorist attacks. Probably they bought Bitcoin for $ 20k. 
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.
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.
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?
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 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?
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?
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 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.
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?
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 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.
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)
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. 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)
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?
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?
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
Previously, there was no cryptocurrency, but there was more terrorism. Now I do not hear in the news about the big terrorist attacks. Probably they bought Bitcoin for $ 20k.
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.
Previously, there was no cryptocurrency, but there was more terrorism. Now I do not hear in the news about the big terrorist attacks. Probably they bought Bitcoin for $ 20k.
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.
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.
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?''
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.
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.
I think it is time to take a look on how the kyc is provided and who are responsible for it.
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. 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.
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 ..
When created Bitcoin wanted to help people. But in the end, you can applaud people how they can distort something good into something bad.
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