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Author Topic: What is the solution?  (Read 1086 times)

Offline Jereh

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What is the solution?
« on: November 28, 2018, 10:02:43 AM »
I understand that the annonymous structure of the blockchain technology is indirectly encouraging criminal activities such as money laundering, terror financing, drug trafficking etc.
This is due to the fact that there is no measure in place to help in  linking  a Cryptocurrency wallet  to it's owners offline address.

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What is the solution?
« on: November 28, 2018, 10:02:43 AM »

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Offline Chomzzy

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Re: What is the solution?
« Reply #1 on: November 28, 2018, 10:06:42 AM »
I think the best  solution would be to compel exchanges to implement AML/KYC processes .
And if possible mandate Cryptocurrency wallets like blockchain, paxful, etheruem wallets, mew, imotoken etc to implement kyc procedures.
This will reduce the pervalent of these criminal activities to the bearest minimum.

Offline TripleVodka

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Re: What is the solution?
« Reply #2 on: November 28, 2018, 01:50:39 PM »
I think by using KYC will be good solutions for this problem, by using KYC this will be make the users thinking twice to make a crime activity like you say, but I think isn't enough just by this, I hope there will be a solutions to fix this problem, because that will be make a crypto reputation gonna be bad.

Offline Jaguar

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Re: What is the solution?
« Reply #3 on: November 28, 2018, 03:02:13 PM »
Bad guys won't stop to take advantage the weakness of cryptocurrency. They can scam people as much as they can due to aggressive community to invest in ICO without searching if it is legit. It is individual responsibility to avoid such scammers through taking care your time as gold and not just a waste of time at the end. If I were ask about this matter how to stop? The best solution that no one will got victim again is to banned cryptocurrency. This is the best solution to totally stop the fakes, scammers, and unwanted things in crypto that result to disappointments and feeling broken.

Offline Citysatoshi

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Re: What is the solution?
« Reply #4 on: November 28, 2018, 05:22:24 PM »
Most solution offered here are good ideas but i want to also point out that before the coming of crypto, there have been numerous activities of cyber attack, scam, criminals founding and even gambling in the world. I think many of these activities may still be there even with the solution stated. My take on this issue, is for everyone to be vigilant and spreed every illegal activities to friends and relatives

Offline Annalise

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Re: What is the solution?
« Reply #5 on: November 28, 2018, 05:38:02 PM »
The solution provided on the dicourse thread are all sound. But my question is : can this be implemented successful since there's no regulatory body that regulates  Cryptocurrency activities.

Offline ZionRTZ

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Re: What is the solution?
« Reply #6 on: November 29, 2018, 08:08:45 AM »
I do not think there is a permanent solution to stop these illegal transactions on the blockchain. Cryptocurrency exchanges imposing KYC for larger transactions was a good step to make it more difficult but that does not really stop them. 

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Re: What is the solution?
« Reply #6 on: November 29, 2018, 08:08:45 AM »


Offline Malam90

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Re: What is the solution?
« Reply #7 on: November 29, 2018, 10:34:49 AM »
Anonymous structure of blockchain technology is really main reason for the maximum Govt's ban declaration. They have no control over Blockchain transactions. It may lead to crime.

 

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