Quote from: Xxmodded on October 16, 2019, 12:23:03 AM

Quote from: coin-investor on June 05, 2019, 08:39:39 AM

Quote from: congresowoman on June 05, 2019, 07:53:56 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?

That's true that's the reason that I hate KYC there's too many risks on it, we can only give our vital information on companies and organizations that we know and are compliant, but with ICO that we are not sure who are the people running, there's too much risk attached to it.

I hate KYC too many risk using with our data, maybe for exchange market have limited withdrawal we need to submit KYC. Now many investment ICO need KYC if want to purchase coins where other side we have faced big risk how come our data using for bad or criminal cases? do you believe with ICO give trusted with your data safe?

I no longer believe in ICO because there are many cases of fraud so if there is an ICO must ask KYC to buy please be careful I fear it is being used wrongly for crimes and other frauds, our data is very important so do not carelessly give our data to projects that do not clear.