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?
That's why I do not participate in KYC because of the risks. There are now a lot of issues about KYC because some of the identity have been sold online. Just stay out to KYC in order to protect our identity.
oh no.. what about my fate that has already participated in many projects that need KYC verification, I think the first project that needs KCY verification is likely to be successful, especially bounty & airdrop. now I realize that participating in projects that need KYC verification is very risky.
I used to attend an airdrop event, I had to verify KYC only for $1, Hmm.. -_-
now I am more careful to participate in projects that require KYC verification