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?
KYC is one of the innovative ways implemented by government to improve safety on crypto and worldwide financial mobility.
If it is been used by criminal elements, it is the duty of regulatory agencies to look into it. But I believe that KYC information are not compromised as assumed.
If failed ICOs parted with investors funds, it wouldn't be because they want people information. Our concern should be with Airdrops.