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Topic: Cryptocurrency, KYC and Terrorism - page 2. (Read 2683 times)

hero member
Activity: 1106
Merit: 527
October 31, 2019, 01:37:17 PM
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.
sr. member
Activity: 896
Merit: 267
★Bitvest.io★ Play Plinko or Invest!
October 31, 2019, 12:42:46 PM
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?

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?
sr. member
Activity: 1288
Merit: 253
October 31, 2019, 12:26:34 PM
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?
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.
sr. member
Activity: 2198
Merit: 273
DGbet.fun - Crypto Sportsbook
October 31, 2019, 10:56:57 AM
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.
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
October 31, 2019, 07:14:34 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.
sr. member
Activity: 882
Merit: 251
October 31, 2019, 06:49:20 AM
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!  

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.
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.
sr. member
Activity: 938
Merit: 251
October 31, 2019, 06:26:49 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?

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.
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.
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.
sr. member
Activity: 1512
Merit: 292
www.cd3d.app
October 28, 2019, 12:50:24 PM
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!  

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.
sr. member
Activity: 2394
Merit: 454
October 28, 2019, 12:43:30 PM
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?

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.
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.
hero member
Activity: 1498
Merit: 586
October 28, 2019, 11:49:24 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?

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.
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.
hero member
Activity: 1008
Merit: 501
October 28, 2019, 05:11:52 AM
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!  
sr. member
Activity: 756
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
October 28, 2019, 02:51:53 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?

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.
sr. member
Activity: 784
Merit: 251
https://raiser.network
October 28, 2019, 01:14:01 AM
indeed nowadays terrorists are very difficult to finance their actions, the easiest way is to use cryptocurrency to finance or
to cash flow transactions fund between terrorists, so not easily tracked by law enforcement because of the cryptocurrencies anonymous nature.
KYC's identity abuse may occur to disguise their actions. so do not do KYC on sites that are not trusted so that our identities are not used by them.

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.
sr. member
Activity: 1582
Merit: 253
October 28, 2019, 01:04:11 AM
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.
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
sr. member
Activity: 1148
Merit: 252
October 27, 2019, 03:56:10 AM
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.
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
sr. member
Activity: 1344
Merit: 270
October 20, 2019, 12:56:19 PM
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.
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.
sr. member
Activity: 1974
Merit: 453
October 20, 2019, 11:53:10 AM
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.

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.
full member
Activity: 1204
Merit: 104
October 20, 2019, 11:24:58 AM
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.
sr. member
Activity: 868
Merit: 252
October 19, 2019, 03:49:46 AM
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.
legendary
Activity: 2730
Merit: 1288
October 18, 2019, 06:25:58 PM
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?

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.
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