For me, it is very important to note. That all can happen in this industry. Excellence in this industry is anonymous, everyone does not know each other. However, KYC is now present and applied in various businesses such as ICO, IEO, and STO.
Actually I think KYC does not matter, as long as it is not used for negative things. Before I do KYC, I will examine it and be more cautious.
Topic: Cryptocurrency, KYC and Terrorism - page 6. (Read 2716 times)
I have repeatedly heard information that some drug traffickers used cryptocurrency in the drug trade. Law enforcement agencies have information and evidence, since cryptocurrency controlled purchases of drugs were carried out. If such actions are possible in the drug business, then why do many doubt the possibility of financing terrorism using cryptocurrency? I think that this danger should be eliminated. Thus, if we want to live in security and peace, we must agree to the provision of passport data. Of course I do not really like this idea, but we will have no other choice. In addition, if the state is truly democratic and does everything for the benefit of its people, then you don’t even need to be afraid of taxation, since a simple cryptocurrency user has nothing to fear, but big whales have something to hide, since they own millions of dollars in cryptocurrency equivalent, from which no one charges taxes. It is these situations that the US government is interested in.
Yes it’s a difficult situation when anyone wants your identities, because it’s difficult to know which type of persons are management of this identitie, many of ico's and bounty organisers demand kyc by our real identitie, i think it’s makes me confusion about my personal securitie.
If you don't want your personal information all around the world then don't participate on the shit bounties.For using the cryptos like bitcoin you no need identity but for using the platform like exchange you may need it so decide which is most prior for you.
It is too politicized if crypto is linked to terrorism. I did not hear this case, in fact this is just fud and they spread fear.
don't be swayed
They are thinking of that because crypto is for everyone and making projects that looks good became popular. I haven't thought of this before but yes, there's a kind of possibility that there might be some that did it for funding their group.don't be swayed
We don't even know who they are and how they live, they could even use fake info.
everyone can be a suspect and that's very possible.
As for the evidence, projects that doesn't really have vision and non legit are more for scam and linking with a terror group yeah, but no one knows where to start of knowing and identifying them cos' someone might counter a case of false accusation.
I think cryptocurrency is an ideal way to transfer money in which you can remain anonymous. So all the dark things, such as sponsoring criminal gangs, buying illegal goods and so on, will use cryptocurrency as a means of transferring funds. Will the identification procedure help against all this? I don’t think, considering how many documents are illegally sold on the dark net.
Agree, but that is just a negative view for most lay people about cryptocurrency, because we know that crypto has many other advantages which of course are not always used only for crime and other crimes.But then, it's the authorities job on how to minimize this illegal transaction, they will be in control and they can carry out their job if they will fully regulate the crypto space, and I'm in favor of that possibility.
Do not treat a person as a potential criminal. Let everyone do their own thing. Finding felons is the task of law enforcement.
Also, if bitcoin will be use as a universal currency, this will bring fairness to the world as things will be transparent.
Any government cannot fool their people anymore by printing money to increase in the circulation.
I think cryptocurrency is an ideal way to transfer money in which you can remain anonymous. So all the dark things, such as sponsoring criminal gangs, buying illegal goods and so on, will use cryptocurrency as a means of transferring funds. Will the identification procedure help against all this? I don’t think, considering how many documents are illegally sold on the dark net.
Agree, but that is just a negative view for most lay people about cryptocurrency, because we know that crypto has many other advantages which of course are not always used only for crime and other crimes.But then, it's the authorities job on how to minimize this illegal transaction, they will be in control and they can carry out their job if they will fully regulate the crypto space, and I'm in favor of that possibility.
Do not treat a person as a potential criminal. Let everyone do their own thing. Finding felons is the task of law enforcement.
I think cryptocurrency is an ideal way to transfer money in which you can remain anonymous. So all the dark things, such as sponsoring criminal gangs, buying illegal goods and so on, will use cryptocurrency as a means of transferring funds. Will the identification procedure help against all this? I don’t think, considering how many documents are illegally sold on the dark net.
Agree, but that is just a negative view for most lay people about cryptocurrency, because we know that crypto has many other advantages which of course are not always used only for crime and other crimes.But then, it's the authorities job on how to minimize this illegal transaction, they will be in control and they can carry out their job if they will fully regulate the crypto space, and I'm in favor of that possibility.
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?
It is better to ensure ignore KYC instead we fall in risk through ways of terrorism or other. We are highly responsible towards our work functionalities when we are dealing with any projects in crypto platform and better to act with caution before falling in risk. 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 think cryptocurrency is an ideal way to transfer money in which you can remain anonymous. So all the dark things, such as sponsoring criminal gangs, buying illegal goods and so on, will use cryptocurrency as a means of transferring funds. Will the identification procedure help against all this? I don’t think, considering how many documents are illegally sold on the dark net.
Agree, but that is just a negative view for most lay people about cryptocurrency, because we know that crypto has many other advantages which of course are not always used only for crime and other crimes.
I think cryptocurrency is an ideal way to transfer money in which you can remain anonymous. So all the dark things, such as sponsoring criminal gangs, buying illegal goods and so on, will use cryptocurrency as a means of transferring funds. Will the identification procedure help against all this? I don’t think, considering how many documents are illegally sold on the dark net.
As investors, we should really research in advance about the project that we want to invest. A lot of consideration that must be taken before investing. But perhaps most of us are only focus on benefits offered without caring about important matters relating to the project such as the legality, ideas, team background, and technology used. Indeed need further evidence about wether there is some ICO that funds terrorism activity or not. In local news in my country, bitcoin is used for funding terrorist recruitment via social media.
Terrorist are using cash often.Terrorist are using dollars euro whatever currency
It is just excuse to disturb cryptocurrrencies movement
Blockchain is public.any transaction is visible and stored in blockchain
I can understand basic KYC in a case of licensed exchanges but what guarantee i have that my personal data will be not sold to terrorist or any others.
We really need blockchain service what will protect our personal information
It is just excuse to disturb cryptocurrrencies movement
Blockchain is public.any transaction is visible and stored in blockchain
I can understand basic KYC in a case of licensed exchanges but what guarantee i have that my personal data will be not sold to terrorist or any others.
We really need blockchain service what will protect our personal information
Kyc was not started by cryptocurrency it has been in existence for a long times and banks, institutions etc uses it to identify individuals.
I don't have any problems with kyc and I think so should everyone the real issue here is initial coin offering icos the sector is infested already and if there is a target to get people's identity through kyc am not surprised is through that area.
We can not avoid kyc complete but if we avoid joining and sending our details to entities we not sure off then at least it would be mild
I don't have any problems with kyc and I think so should everyone the real issue here is initial coin offering icos the sector is infested already and if there is a target to get people's identity through kyc am not surprised is through that area.
We can not avoid kyc complete but if we avoid joining and sending our details to entities we not sure off then at least it would be mild
Kyc Don't keep terrorism Away lol.
U guys know If u are big buyer of Bitcoin nobody Don't ask kyc.
Large Otc buyers Can remain private all their Information.
WHO said one of this Otc buyers Not terrorists??
Lol, funny isnt it?
And When u as poor loser will Not report Ur small taxes too irs.. Or u Don't do kyc u are terrorist and tax evader
So dumb
Actually a scammer always try to pretend as a real person .We have t expose them .He could come out any way but there is many way to identify them .I think KYC should be a way to expose them .Most of the time scammer and terrorist try to being anonymous if they go through with kyc it could be tough to them to scam. So i think it could be a better way to protect both terrorism and 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.
Even before cryptocurrency into the world there was terrorism all illegal activities taking place around the globe, but those happened through the traditional system. Once after the innovative cryptocurrency through the blockchain technology it was quite easy for them to fund terrorists and other illegal substances. This is what made most countries have a negative thinking over bitcoin. Till date bitcoin used for terrorism and other illegal activities were very small compared to traditional fiat particularly USD.
Cryptocurrency, Terrorism and KYC will be interlinked in a very simple way. Terrorism is funded in terms of cryptocurrency and this isn't possible to track the flow of fund due to the lack of KYC. This is how everyone who is against the cryptocurrency used to describe about cryptocurrency. We can't deny there is no illegal or fund transfer to terrorism taking place through bitcoin but this isn't the only channel through which this is taking place. It is a proven fact, majority of the funds for terrorism is transacted in terms of USD. KYC could reduce the use of cryptocurrency on terrorism, but that'll affect one of its feature that's highly required for Cryptocurrency.
If we want to have a good future for a cryptocurrency market and live in a safe world, then we will have to accept the loss of anonymity. There is no other way out, since the state will be able to harm each cryptocurrency user when it fights against terrorism. 
Cryptocurrency, Terrorism and KYC will be interlinked in a very simple way. Terrorism is funded in terms of cryptocurrency and this isn't possible to track the flow of fund due to the lack of KYC. This is how everyone who is against the cryptocurrency used to describe about cryptocurrency. We can't deny there is no illegal or fund transfer to terrorism taking place through bitcoin but this isn't the only channel through which this is taking place. It is a proven fact, majority of the funds for terrorism is transacted in terms of USD. KYC could reduce the use of cryptocurrency on terrorism, but that'll affect one of its feature that's highly required for Cryptocurrency.
In any case, we must accept the fact that KYC is now demanding from us Wherever there are such requirements. It is in this format that cryptocurrencies will be legalized throughout the world, so that government agencies can control the possibilities of illegal cash flow. So somehow we will have to provide passport 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?
You have a point mate,some of the campaigns that I participated before asked to do KYC but I really feel unsecured because of our personal data and documents being send to them.We don't even know what they will do with our personal data that makes me alot worried that is why I don't join campaigns that needs KYC. 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?
Due to the issues arising from submitted KYCs, I prefer to study the project very well in order to know its authenticity before I submit my details. Due to regulations in some countries and for verification purposes, KYC cannot be eliminated entirely in crypto.
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