Bitcoin Forum

Since Bitcoin was ever released, I've thought of the possibility of this. Will crimes be easily funded now due to bitcoin and it's anonymity? How do you think the authorities will combat this? Will this lead to a decline in the price of bitcoin? I've had this on my mind for a while now and I would like to hear your guys opinions.

I think this is one of the most started topic in this forum.Lets say that bitcoin is not anonymous,it has an open ledger and how could that be anonymous and every transaction is lodged in the public ledger,it is easier for the authorities to catch the culprits ,see for example how FBI caught  ‎Ross William Ulbricht‎ who ran silk road and confiscated all of his earnings in bitcoin.

Bitcoin is not the problem and never has been the problem. Such thinking is simple minded and people who think this way are almost always certainly no ones. Crime can be funded without money did you know that ? Crime can be fueled by hatred .  Blaming bitcoin is like blaming the internet for pedophiles. Anything can be used for good or bad.

What if the crime is funded by paper currency or some kind of stuff like gold, will it also be the same fate as you say bitcoin  8) 8)

A crime could also be funded by regular money... And if bitcoin is disabled, why not make a new currency which only criminals use?

Very influential for bitcoin, many people assume that bitcoin can carry out a crime transaction, and that could weaken the bitcoin.

First of all, crimes are not funded by bitcoin, but they are funded with bitcoin. Your title made bitcoin evil that bitcoin is a large entity that is the cause of crimes. You may misled people with that.

The association of bitcoin and crimes will never stop, does it? If criminals want to use bitcoin as their fund can we do something? None. If the criminals want to use fiat in funding their dirty work can we do something? None . So why on Earth are some people giving a damn about how people want to use bitcoin? Maybe they are just too bored in their lives and continually criticize Bitcoin to deeds where people are to be blamed.

Well since bitcoin is almost anonymous, can be sent anywhere without any information about the sender and receiver and is relatively fast, it's a perfect tool for funding dodgy businesses and criminal activities and it's pretty normal, fiat has been used for that for a long time and will still be used.

In short, Bitcoin with it's characteristics is very good for criminal funding since it's been widely used on dark web and on the infamous SilkRoad.

Totally true but don't you think that there are tons of people who turned into pedophiles because they have watch some in the internet?
And that started their desire for child?

With the war in south island side in the phillippines
I think they found alot of computer equipment in the ISIS haven they were operating out of with bitcoin transactions to fund bank accounts to purchase their ammunition for the guns they were fight the government there with.

Here's a simple scenario: Small time street druglord wants to clear $1million weekly. Today, this is 350 BTC. Who at all, if possible, can facilitate exchanging that volume of Bitcoin into fiat without getting noticed?

Or should said druglord purchase mining rig to ensure all his staff and dealers get paid in Bitcoin?

Authorities has no power. They won't be able to stop bitcoin. Never.

If they were able to do it, they would have caught the wannacrypt hacker already. The only chance they have is to examining the software code for hints and that's not about bitcoin. Unless the criminal decides to spend his coins, nobody ever will know who is. Maybe years after when everybody forgot about this day, the hacker will try to get some other full anonymous coins for his bitcoins from an infamous exchange and nobody will ever able to track him down.

Bitcoin is not the perfect tool for criminals tbh. Because as soon as they move their money, it will hit the news. They can't spend it easily, they can't go to the banks. Stolen bitcoins are pretty much dead coins. I assume every major exchange website and mixing services are keeping tracks of those bad addresses but in the long term, they won't able to keep tracks and they won't care eventually.

If they start to collect coins as monero however... now that's the perfect tool.

Don't you have ever visited torrents and saw bitcoin adress for donation in footer or somewhere? Also darknet is using bitcoin as payment way because of bitcoin nature, it's anonimity. They can be easily funded but also still there is need to make that black money - white and for that people are using bitcoin mixers. Bitcoin and high anonimity in internet is awesome combination too.

All the roads of bitcoin can be seen, so it is not anonymous. But there is a crypto currency which is totally anonymous, it is called Zcash with that coin you can't see who and where the transaction accepted. No doubt  this coin can be used for some illegal activity. 

Bitcoin is not anonymous. Every transaction is recorded in aa ledger so it is almost impossible to be off the grib with transactions. Using bitcoin for crime is done the same way all other currencies can be used.

Zcahs doesn't have a huge market cap compared to even Ether but yes, its price shows that it can be used for illegal activities as it cannot be traced.

However, bitcoins will still be exploited by these terrorist and gambling organizations who find it easier to convert stolen fiat cash into bitcoins and transfer it to different countries as well as buy arms and guns. Only KYC regulations cannot stop this as documents too can be faked. Many exchanges are imposing on these regulations to stop fraudulent transactions now.

Here is the twist here,there is a coin for criminals too  :D,hope you have heard about concoin ,they are dubbed as the most dangerous cryptocurrency in the world as it is a digital Currency for Prison inmates it seems  ;D i am not sure how true those things are and how they are going to work,either way it is an interesting concept. ;) i would care less if crimes are funded by bitcoin concoin or fiat,if the legal system is strong the criminals will be caught no matter what method they use.

It has a high possibility, because of it's anonymity and price, no one would be declining the offer. And even these criminals used bitcoin as a payment to the crimes they commit,we can't stop them from doing so.

ROFL how is this supposed to work? Do they tattoo transactions on each other, or use cigarettes?

But now that I think about it, seriously, how the hell is this supposed to work?  ??? They don't have phones, if they did, they could just have bitcoin.  Like, it's illegal for them to have phones/ computer access, if they use a proxy to enter transactions then again, might as well use bitcoin..

Ah! Concoin is soap on a rope! ;)

i think if you are already into bitcoin for some time and you already here inside the forum for quite some time there's already a topic here regarding to bitcoin use for illegal activities, and this also part of it, i think if this will be use to fund any small crime it will not be detected right away but if the crime would be a terrorist or really big one for sure the government will use any sources to trace it up.

Crimes will never really change their ease of funding, it just makes it potentially easier for networks to move money across really long distances with more anonymity than they would have otherwise. It doesn't necessarily make it easier for networks to move money if there is already some suspicion about their activities, however.

Chances are it will have no effect no the value of Bitcoin.

We had this discussion many time before. There are some point to consider:

1. Bitcoin is not as anonymous as people might think.
2. If something can be used by criminals to help them gain advantage - it is safe to assume they will use it.
3. Have you ever thought that cash is far more anonymous and 'crime friendly' that bitcoin will ever be?
4. If authorities will ever declare that bitcoin is 'evil'  simply because it can be used by wrong people they will become the biggest hypocrites ever.

One cannot blame Bitcoin for starting crime. For instance, the internet is used for various cyber-crimes. Technology can be used for both good and bad. It depends on the user. Secondly, Bitcoin is not fully anonymous. It has an open ledger called the Blockchain. Every transaction made is logged in this ledger. If a crime is committed using Bitcoin, the transactions in the blockchain can be used to track the transactions of the criminals. Thus the blockchain itself is a safeguard against such crimes. Moreover, I don't see how crime decreases the price of Bitcoin. That does not make sense. It is not going to affect the price.

Really decline in price !!! you did not follow the latest events ? Wannacry ransomware bitcoin was openly used for criminal acts and what happened ? the

price went from $1200ish to almost hitting $3000 now . so TBH i really do not know what you are talking about ? infact if bitcoin became a real  gateway

for criminals to get paid  its price will get higher .

Bitcoin prices rose not because of crime using bitcoin. More because the news becomes viral and many people are looking for bitcoin so it becomes scarce and the price goes up. Nothing to do with evil

Your logic does not make a lot of sense, bitcoin is just a tool if the criminals decide to use it then that is their call but I do not think that is going to make the price go any lower, just look at all the illegal things in the world, are they cheap? Of course not, if bitcoin became banned I think that will only make the price going higher since getting bitcoin will become more difficult and that always raise the price.

There is a crime financed with bitcoin, but not all. Only partially, maybe a small part. We can not say bitcoin is a source of funds for crime. Can not be equated, many other benefits that we can use from bitcoin, such as fast transactions, no administrative costs like in the bank and many other positive things

Most people who think bitcoints have a negative impact, because he has not really know about bitcoint and the benefits that can be taken from bitcoint, bitcoint can also bring a positive impact if someone is able to use it well, not for criminal acts

Yes, crimes were being funded before bitcoins and the anonymous nature of it makes it an easily available resource for illegal activities. It is the crimes to be blamed not the currency itself.

Silk Road, Tomáš Jiříkovský, Mt. Gox, Trendon Shavers, these were involved in illegal activities like drugs, money laundering, fraud and running Ponzi schemes. These were nabbed by FBI and other law enforcement agencies. So it is does not mean if you are doing something illegal with bitcoin makes you immune from its legal consequences. Every transaction you made is out there in public, mixers make it difficult to trace the trail, but enforcement agencies are working with encryption specialists to track down the whole source and nab down the offenders.

No, not everyone who is using bitcoins have bad intentions, they are the minority. Majority of us are law-abiding, tax-paying bitcoin users. So it would not affect the price, but it would tamper the reputation and give freedom to a few economists or random columnists to say that bitcoins have value only because of illegal usage.

Yes it is possible but crime is also funded by paper money so dont blame the bitcoin for all those internet crimes.Although we know that bitcoin is a big part in the different crime sites like silkroad because of the anonymity that you can get from it.But still,there lots of crimes that actually happened before bitcoin was intruduced.

You said true , but still you need to think about the reality behind this , suppose two person made deals for any illegal purpose and then they transaction of 100k $ value , so now think how he can use this money for himself , because he can't use it until he sell it for bank money .
Now suppose he successfully sold his all money then what he will tell to the bank system or will give statement that from.where he made this profit and in big bulk amount  , in this way he will caught really in an government rules for the taxation and illegal work .
So I don't think that this is simple to make illegal work with Bitcoin .

Bitcoin has a sharper side where there are no regulatory rules governing the prevention and prosecution of bitcoin crime cases. This gap can't be monitored by the government so that the circulation of criminal businesses using bitcoin can't be beaten by global law. This is a serious problem but not binding on everyone because it is only done by a certain person.

If you had to choose between using a stolen credit card or fake bank account and Bitcoin, what would you use. Remember one thing, Bitcoin is pseudo anonymous and even if you use the correct methods to be anonymous, you would still have to trust the 3rd party services that you used, to make these transactions anonymous.

There are several grey areas with Bitcoin and little or no grey areas with stolen credit cards and fake bank accounts. The fiat systems with all their regulations are just as anonymous as Bitcoin, when you use stolen identities.

I would think it is the principal value of crypto.  After all, why would we need a "freedom money" ?  To use it when our freedoms are denied.  Who denies us our freedoms ?  State and law.  When we do things that are denied to us by state and law, by definition, we are doing illegal things, and hence we are "criminals".  So the only genuine usage of a "freedom currency" is to use it for "criminal purposes".  After all, for all other purposes, allowed and framed by law and state, we can use fiat.

So, crypto ONLY has a meaning as "criminal's money", and that's exactly what's good about it.

Possibly but not always. Violators will always look for ways on how to fund crimes and bitcoin is among the options that are available to them. Obviously, paper money is the most common way of funding but anything can be considered as a payment, for as long as they hold value.

the crime I think can be funded with bit coin now I the internet fraud, account hacking- cryptocurrency scams. what we can still do to minimize that is to be security conscious.

for me I think bitcoin is already used sense before by law abiding citizen or groups like scammer, hackers or even ISIS.
and even the wannacry group that created ransomware worn that infect many computer worldwide is using bitcoin as payment to unlock its worm.

Like some of us say,bitcoin is not purely anonymous,but there are some alt coin that make their transaction anonymous
So if someone using bitcoin for like money laundering,the demand will rise and so is the price,and same for altcoin if they choose to invest to altcoin rather than bitcoin

But bitcoin is not to blame with all of this. Yes, it may have been used by hackers or even terrorist group, but the point is bitcoin technology should not be at fault here. This is not what Satoshi designed his bitcoin, but the criminals has found a loophole and exploit it to their advantage. But you also have to think that USD also has been a tool that the criminals have been using for hundreds of years.

I do not think that would happen if somebody intended to use Bitcoin well, because Bitcoin is not for crime and you can not turn on Bitcoin by yourself, because Bitcoin is the same digital currency as paper money used to do every transaction every day with Every Person Around the Country, this may be all the factors of social jealousy against Banks, who do not want to compete with Bitcoin.
Maybe this is just my opinion

Few people know the truth behined bitcoin uses, bitcoin is the main currency that people on the dark web use to make transaction betweeen each other and that is due to the reason that bitcoin hides your identity and you don't need any information on the other person to send him money, and this made the perfect cover for people to d thier illegal acts like selling drugs or hacking.

It no secret by now that BTC is the currency for grey/black.sector

Any currency can be used in dark transactions, but in bitcoin because of anonymity there is an advantage. Therefore, many countries are still afraid to accept it.

Some set of people using bitcoin's feature and do the illegal transactions but we cannot say completely bitcoin is being used in these places officially. If bitcoin is adopted as legal and make it as regulated money. Then it also get reduced in those places.

Seriously?? This type of question again?? Lol I can barely even count how many times i saw this type of question not only in this forum but all over the social media sites and other sites hahahaha. Listen man, bitcoin does not make you anonymous. Every transaction is recorded. Infact, it can make the jobs of law enforcers easier. That is if they are not ANONYMOUS themselves. Lol haha

I believe it has been established that bitcoin were once used in crimes and illegal trade.  There is no surprise if we found out that it is used to fund crimes since all kind of money can be used to fund them depends on the choice of the criminals.  But they found out that bitcoin is not fully anonymous.  Since transaction can be traced in the blockchain.  Aside from that dark market are now moving to more secure and anonymous coins.

Indeed the increasing price bitcoin makes a lot of people are looking for so that it becomes rare bitcoin will rise in price, but the price is not a crime go up bitcoin that makes users disappointed but make the user benefit of this will be part of the bitcoin, but there is no connection with crime at all

The main advantage is that bitcoin can't be traced (almost) so it's convenient for the criminals.

on the other hand, every transaction is recorded.
no money transferred "under the table".
with a little investigating work you can find hints to the source (if not the source himself).

Bitcoin is just a tool, like any other currency, one might use it for good stuff, and the other one will use it for bad.
But the bitcoin itself doesn't fund any criminal activity.

The crime, it can be done in any way as it is crime! There is no need of bitcoin or anything else. Bitcoin may be used as medium to pay the money as it is very anonymous currency. No one can really track it but I'm guessing what kind of crimes may happen? Forgery, drug dealing etc may be possible as it depends on the money. If someone really want it badly then they may accept bitcoin as made of deal. Possibly.

Crime is one of the things that allow money to get circulated among the citizens of the world. Bitcoin is going to increase the amount of money flowing in the underground markets online and offline though that does not mean that currencies like USD, CHF, EUR is not going to be used for funding crime as well.

Money can’t be controlled by the people that are doing crime, it just won’t happen. I wouldn’t worry at all.

I think this is now existing up to our present day. I mean if Bitcoin is now the main currency for transacting in the dark web it suppose to mean that people earning that Bitcoin is being funded by it right? With Bitcoin it made their transaction smooth without leaving any trace behind, just look at the recent ransomware attack it maybe just a malware but the guy running it is now a millionaire because of his invention. But nevertheless it is unavoidable since criminals will always find a way to take advantage of any situation.

If there is a funding on crime that uses bitcoin as a fund for crimes in the form of gold and paper money or something else

Authorities combat this with stricter and stricter KYC rules on exchanges but ultimately it is still easy for crime to be funded using bitcoin. In reality there is little authorities can do about it, it is one of the "features" of bitcoin. Its unlikely to affect the price however as even criminal enterprises will create new demand for bitcoin.

It was only in the early days that fears spread of governments banning its use but now we can see that is overwhelmingly not the case in the world.

There is no 99% anomality in bitcoin, only 100% anounymous transactions. But bitcoin and deep web are interrelated, I've never and do not want to think of bitcoin transactions for crime, because it is the job of professional hackers and international intelegent.

Pretty much every currency can be used for criminal activity. Nothing stops me now from using my local currency to purchase illegal guns or drugs. I have come to realize that those Singling out Bitcoin for regulation are wasting their time as other Cryptos with far more anonymity would be created.

If so then many people assume that bitcoin can do a crime transaction, and that could weaken the bitcoin. And all will fight bitcoin by big scale

- Actually criminals are using bitcoin to move their funds because of privacy.
- Authorities can't shut down bitcoin so they might try to monitor movement of bitcoin in and out of exchangers.
- It might rather pump price.

Crime is funded by every currency on the planet. The only reason talk about it connected with Bitcoin so much is that for the common public, there is nothing else for them to say and the government mentions it all the time because they don't like currency they cannot manipulate.  it hit the press pretty hard because it was a new way to move anonymous funds and that made it interesting.

The issue isn't that everything is used for illegal purposes. Even fiat is used by money launderers but 70-80% of the transactions done in fiat are mostly legal while in bitcoins, you cannot regulate the currency and the number of users dealing in bitcoins are gamblers and ones who want to save taxes thus invading their own tax regulations. Some only are real investors who want to take advantage of the price and trade in it.

In many countries non-payment of taxes is already considered a crime and is prosecuted under the criminal code. We understand that Bitcoin makes it possible to avoid taxation. This is exactly what will be the root cause of Bitcoin's prosecution under the law in criminal cases.

Criminals would not like to use bitcoins for their activities since it is pseudo anonymous and each and every transactions are registered in a public ledger.So it could be easily traced out by cyber crime police.But they have other options like Monero and Zcash which were fully anonymous and it would best suit for their activities.Even if the criminals use bitcoin for their activities,it would have no impact on bitcoin price since bitcoin is not dependent on them.

Yes, that is true. Bitcoins has been widely used in so many illegal things that i cant count with all the fingers i have, even with the help of my toes. But that's not important. The guilty here is not just bitcoin itself but all other currencies out there also, whether paper or gold. Now,  tell me what currency hasnt been used for crime even once?? None right?? The culprit is not bitcoins or any other currencies. But the people using them as tools for their illegal ways. Bitcoin looks bad to those who dont know it that much yet because it is being labeled as so by the media and orher people who worship banks because banks themselves dont like the idea of a currency they cannot get a hold of or control.

Thats just for me tho, i dont know what others think.

Crimes can be funded using any form of money be it fiat, digital or any type of imaginable medium of exchange. It can even be funded by credits or just a promise that one can go to heaven if he can murder as many innocent lives as he can.

The point is that Bitcoin can be used to fund anybody and unfortunately Bitcoin has no way to find out if its user is using the whole thing for illegal purpose or a divinely-guided one. Now, this is the same thing with other money, for that matter.

How to combat this one? There is now an ongoing debate on how to regulate Bitcoin service providers, though not necessarily regulating Bitcoin because they can have a hard time to do that even if they will ban Bitcoin.

Bitcoin is more traceable than a lot of ways to launder money, from gold to cash, even gemstones or collector's items.. anything that has value can be used as a medium of exchange.  If so many big money interests weren't criminals themselves, cash would be outlawed by now and everything would be digital with traceable spending cards. Fortunately a lot of criminals are among the world's elite as well, and they're not going to legislate away ways to make themselves richer.  Bitcoin's a great way for billionaires to launder money.. it's part of the reason it's becoming so popular.. there's a huge underground world out there separate from the official, lawful world that people see on the surface. Humans can be very narcissistic and attracted towards "dark" activities because the allure of being "bad" and just getting ahead any way they can.

i must agree. wether it is a physical or a digital money it will always be use to do good or bad. so i dont think that it is a good idea to blame all the illegal acts to bitcoin or to other digital currencies.

Bitcoin can be used for illegal activities just like any other currency, payment method, credit card or similar. The problem is that Bitcoin or some other cryptocurrency is more convenient and easier to use for criminality because of the anonimity, the fact that in many countries Bitcoin isn't regulated in any way and it's much more difficult and sometimes eve impossibe to trace the transactions. But that doesn't mean that Bitcoin is criminal currency.

Bitcoin is always associated with crime, illegal, drugs, money laundering and many other negative things. It is true that some people use bitcoin for crime. But that's only a small part, only a person. Why only talk about bitcoin from the negative side, whereas many other benefits of using bitcoin, more potility of bitcoin that we can use rather than just see the negative side

Exactly, we cannot control how someone should use his or her bitcoins just like the governments around the world cannot control the usage of their respective fiats by individual citizens therefore It's unfair to link crime to Bitcoin in this sense.

I've found that now it's less so. I mean, Bitcoin is usually mentioned when another cryptolocker type malware pops up, but there isn't an actual negative connotation tied to Bitcoin usually.

Most articles about Bitcoin I see these days are usually just talking about the price and the technology behind it.

i think this is what people thinking in out there which don't know anything about bitcoin so they judge bitcoin is for only illegal activity but if they want to learn a little bit, then i am sure that they will open their eyes and see that bitcoin is not like that. many of that people giving negative side with bitcoin and i hope in future, people will see what is bitcoin for the real so they can join with bitcoin world and make investment like what we do.

You have a point. If there is someone who uses bitcoin for bad decision it is very bad for the reputation of the bitcoin. Maybe it will cause the bitcoin to go down. It is one of the scariest problem that is hard to solve.

Well we have see that they have already used bitcoin in a negative way. Ransonware. The hackers asked payment in bitcoin so it put bitcoin again in a negative way like used by hackers and terrorist in illegal means. But since the activity has died down, the effect on bitcoin is temporary only and we can see now that bitcoin price is increasing again.

There are laws in the country that they think are criminal transactions by Bitcoin.If there is a criminal transaction by Bitcoin, how can you cash in such a large amount?And if the Bitcoin companies can catch those criminal transactions,They will take notice.And they will give legal custody to the culprit.

Yea criminal organisations are now funded 10x more easy then before because of bitcoin cryptocurrency which is anonymously so nobody cant catch criminal with that money which he got.

We are on the same page. There are multiple aspects of this topic and the most dangerous I see is the direct attack on the goodwill of the bitcoin. Well, criminals use the currency whichever is convient to them and this time if it's bitcoin then what is the bitcoin's fault in it? Govenments and other international organisations might object the legalisation of bitcoin on this issue in my opinion.

Is it true bitcoin can finance a evil that in this world ??
If you use bitcoin as a tool of expense for evil and all of those eyes are the beginning of evil.

I think that many criminals are already using bitcoin to fund their crimes. i just don't know how the authorities will combat this but this will not affect bitcoin price to decline instead, it can help its price to increase because there will be additional demand for bitcoin.

When the bitcoin still like this (anonymously), anyone can use the bitcoin, it's about time there were special rules of order that the user can origin and all transactions can be tracked, so bitcoin can't use for illegal activities.

How much can Bitcoin be tied to the criminal atmosphere.? The fact is that the world does not stand still, and even the criminal world is on. With the times, thanks to high technologies, it increases its skill levels in its business and uses everything that is available today in the field of high technologies. Thus, it is possible that Bitcoin is used for illegal actions by many people. More than once they came across information with a comma that showed that on the Internet they could sell drugs for Bitcoin. Even litigation was on this issue. Thus, Bitcoin can pay not only for drugs, But for other forbidden things. We need to be more careful and discouraged.

Absolutely, that is what has been happening around the world today. We do not have any way to stop it. But bitcoin is not bad, the evil just stems from the way people use it. Bitcoin brings a lot of benefits to our lives. Criminals are always looking for ways to do bad things, so it is normal for them to use bitcoin.

Plus, crime use other currencies too. That doesn't mean that USD, for example, is bad. Every currency has it's characteristics and bitcoin has its own.

Really, when bitcoin is still made as anonymouse then bitcoin can be used by anyone and can be used for any thing. So we can not blame the existing system at this time. So everything that happens depends on each person, they should be able to choose which actions are good and which are not.

Yes it can be. We cant push people to use bitcoin in what they needed to spend it. Bitcoin can be use in many ways and it can be spend in many ways too. If they want to use it in bad way its up to them. People are free to use it to everything that we wanted. But I hope that it will be use in a good way to make bitcoin be known as a good image cryptocurrency.

We would really like to see bitcoin being used on legal way but in reality we cant stop for those people who have bad intentions and do illegal things just for the sake of money and bitcoin is really being used because of its anonymous properties and we can deny that fact and yes it does really give negative image into bitcoin and other crypto.

Yeah it is simply ridiculous to try to blame bitcoin for something that cannot be avoided, it is like they think cyber crime started with bitcoin or something, it is like they believe that before bitcoin everything was well and good and suddenly bitcoin corrupted the people, and that is not the way it works crime has been there before bitcoin and it is going to continue after bitcoin.

One of the Cyber crime transactions generated bitcoin is the existence of acts of terrorism that moves the internet network is increasingly rampant. It can be assumed that they carry out a system of buying and selling arms and transactions online and unknown. This Terrorist Fund is virtual and increasingly rampant in the end. The existence of investors who support their movements, investors here work as a supporter who works as a trader. The cash flow / cash flow through fintech is more difficult to track than using banking transactions.

There may be certain parties who use bitcoin as a tool for crime, this is a virus that is currently widespread among people who are looking for bitcoin whose price goes up at any time.

the bitcoin transaction is easy and anonymous too but the bitcoin ledger records all government transactions so for the evidence the crime itself is easy to find. just how the government knows the owner of bitcoin. bitcoin prices are determined solely through demand and supply if you think the crime committed by bitcoin users could reduce the demand for bitcoin decline in the price of bitcoin can happen.

Bitcoin rises when the criminals use bitcoin as anonymous transactions underground.

Like this: https://securityintelligence.com/isis-are-they-using-bitcoins-to-fund-criminal-activities/

Bitcoin is not the problem and never has been the problem. Such thinking is simple minded and people who think this way are almost always certainly no ones. Crime can be funded without money did you know that ? Crime can be fueled by hatred .  Blaming bitcoin is like blaming the internet for pedophiles. Anything can be used for good or bad.

so? Is it important to care about what the criminal do? People have existed on this planet for thousands of years and crime also has the same age as humankind. You can not do anything to stop crime. They do use fiat to do bad things, why they can not use bitcoin for bad things?

It does seem difficult to prevent this many people who are abusing in the presence of transactions through either use for criminal transactions because with transactions through bitcoin crime it will be very easy to do that and not easy to track too.
Maybe the government is also ready for it by providing internet police where if anyone suspicious through the transaction will be followed up and investigated.

The Government team for cyber crime has already begun to be prepared by all countries, they are just waiting for the passage of the official regulations. Viewing user transactions can actually be monitored through a suspected wallet, but indeed they will not be able to interrogate if the transaction is already using bitcoin mixer service. This is indeed a problem that has no solution.

Well crime evolves as the time we are now gone through modernization and even if Bitcoin is not here there are still things in the internet that provides more anonymity and untraceable tracks. In Bitcoin, it also helps them to monitor any suspicious activities through blockchain and this is better than these criminals will undergo a much invisible ways. Also they can release regulation and can cooperate with those who offers services in storing those criminal's Bitcoin to track them down. I believe that it is not impossible to regulate Bitcoin but this doesn't mean that they can control it.

I think that even when we use teddybear as a form of payment, crime will be funded by teddybear. Therefore, we can not do anything to stop the truth that crime always there and nothing we can do to stop them

As we are all aware of Ramsomeware like wanna cry which had flooded the cyber world across the planet. Because bitcoin is completely anonymous with irritate information because it neither asks for any personal information nor anyone will provide so it's criminal friendly because they could Demand money anonymously and no body could ever track them. So in one hand we can say that bitcoin is boon for all us but the bas guys and criminals have the most secure door to utilize the anonymous property of bitcoin. Now a days mostly all type of demands are made though bitcoin because it will leave  no trace of transaction and they could breath in peace. So bitcoin in the reagard fails to provide security to common people and there should be some solution to this worst security otherwise bitcoin the safest form of currency and transaction system.

Since bitcoin is not traceable and is not being regulated by any legal entity, then where it is spent may not be monitored or recorded. Then I guess yes, it is highly possible to use bitcoin to money launder funds for crimes. Bitcoin is fluid within the internet which makes it easy for users to utilize it in multiple ways. In order to track down illegal transactions, the government would have to regulate bitcoin just like paper money or fiat. As to whether it would affect its price would depend on the demand and supply.

it's not necessary and crime has and will be funded with every currency in the world, USD and EUR aren't exceptions and the anonymity of BTC is a myth since everything is in the blockchain and public, unlike Bank transactions that are more anonymous (since only a judge order can give you access to these).

This is really a long term problem that existed even before bitcoins had entered the internet. Crimes can be funded through various ways such regardless of the currency you use. It can be in the form cold hard cash, collateral by means of properties and such, or even life as kidnapping associated with ransom. Bitcoins is just and additional means for funding this unlawful acts.

That is one of the important features why Terrorists and other illegal groups use BTC and some other crypto currencies to their advantage and hide their transactions from the legal authorities. I have heard some of the black money holders in my country use BTC to hide their money.

This isn't much of a problem, as law authorities in US already shown the approach which is targeting the criminals themselves rather than the currency that can be easily replaced with another one, the fall of SilkRoad and a dozen of marketplaces in the darkweb already shown that.

Crime can be funded with anything: from cash,gold,silver to bitcoin. So all these methods can be hardly traced,not only bitcoin. I don't see any major reason why bitcoin price would decrease if it is used in crimes. Most surely us dollars are used in crimes daily and the price doesn't fall right?  ::)

No one can entirely deny some bitcoins are being used for illegal activity, for example funding drug dealers and some other criminals, but these are punished themselves not bitcoin.
Bitcoin is a currency and should be treated as one, being used by bad people isn't hard to expect at all.

Well I think that Crimes that involve in the use of bitcoin really exist and I think there are a lot of it hidden in the Dark Web that really needs the authorities attention, but I think the tittle is not really proper because bitcoin is not funded anyone, not even criminal or rich people, the people that has a huge amount bitcoin did, or maybe some big whales that funded them that are really using the sum of bitcoin for illegal purpose,

Well that honestly isn't very smart.  If they post their wallet address in order to receive donations, or if it gets known to authorities in your country in some kind of way, then they literally can see how much Bitcoin that wallet has.  Plus authorities will also be able to view where those Bitcoins came from and where they will go to from that wallet and so on through blockchain analysis.

At the first mention of the fact, there were zero regs involving Bitcoin so it was open season. these days, the press and the polictically controlled media centers just put it out there ever so often to keep the fires burning because they hate bitcoin, it is no more or less used than FIAT for crime

You are right, There is no sense when we said that bitcoin price would decrease because if it is used in crimes. Because peoples can use dollars or any real or digital currency for this things.
Maybe bitcoin is most used for crimes, because it's more secure and anonymous. It used in darknet too. So killers would sure want to use it than other any currencies.

Mistake, bitcoin is very traceable, unlike bank accounts anyone can see the amount you have spent and where you sent your money, bitcoin is used in those criminal activities because you do not need to go through economic institutions that could collaborate with security agencies, also since bitcoin was designed to be used online then it has advantages over other forms of payment.

Do not think too much about how will the authorities could combat it.  But it is possible that bitcoin is use for criminality by certain groups.  Because it is easy for them to do illegal transactions without being caught.  The payment for new recruits to their group would be through bitcoins.  But still many people uses bitcoin for good purposes.

Thats right dude, I think it would be easier to do funded with cash because no one can track it. There will be no evidence and so on. I do not think it's just a bitcoin made for crime funded. But there are many others including cash

This is really no-one knows for sure, I still hear about  crimes use  btc for money laundering but that is still a question. But I know for sure that tech criminals are paying attention to btc, to btc source code packs, fortunately it's very secure.

That is one of the features that can make bitcoin price goes down because of the anonymity but to be honest, bitcoin is not fully anonymous because in blockchain where all the data were recorded you can easily see the wallet and locate it because of the address of bitcoin and yes some of the people already done that because just like in coinbase you can track down a wallet by just using his address and contacting the support of coinbase to help you to track down the scammer or criminal.

Somehow there is but not Bitcoin really is the one who funds it. Its like fiat really which can be used in legally or illegally, for charity or crimes. That really depends on how the person holding it would use it. Regulation and support of the government is needed to counter this and remain order.

A clear clue of which side the media in. The currency doesn't have a brain to spend itself for criminal activities or even for drugs, the human who use it and the media still blame bitcoin, that's really funny but ironic.
Though the same case goes for the USD they just don't give a shit because it doesn't give them the advantage of mocking USD instead make them lose.
Just one thing, enough with this bullshit made by the media, there's nothing they could make as a news but bullshit.

Indeed. That is why governments are putting up a strict regulations on bitcoin because they don't want criminals to take advantage of its anonymous nature. But I think is not bitcoins fault, because even with fiat, you can still transact and create criminality if you want. So we do't need to put the blame on bitcoin and how it is design.

Crime funded by Cash????

yes crime funded does not any concern with the price of bitcoin, some people may be using bitcoin for illegal activities, but they are not only using bitcoin but may be USD also but still USD is one of the most popular currency of the world.

Anyone who is committing crime and hidng under bitcoin is only making attention focus on his activities because when government beams his search light in that regard there is no way he won't be sloppy in other areas like William Ulbrich who could think because he using TorTor or bitcoin, he is invisible but I tell you, its not going to last forever as  the sloppiness will give him out at a point or the other. And funny enough, he was not convicted for using bitcoin, but what he used it for.

Crimes are part of everything because people are always looking for easy money. You have IRS scammers calling you and threatening to put you in jail if you don't pay your taxes by buying a gift card and sending them the code! Does that make the IRS responsible in any way?
Where there's money there's crime.

You cant blame the bitcoin for the different cyber or internet crimes that are happening in the present because as we all know,fiat is also used for many crimes.Although we could see that bitcoin is used by some crime websites because of the anonymity that you can get with bitcoin.But that doesnt change the fact that majority of the crimes are funded by fiat money.

Maybe more people are using cash to do illegal things. Many of them prefer cash because it is easy to carry and there is no record of evidence. Usually they will tell their people. To bring the cash to the destination. Although complicated but it is safer for them

What do you mean by crime being funded?   Crime doesnt need to be funded because unlike these ICOs it's profitable.

I don't think that Bitcoin is helping the crimes for the funding because the reason behind this is that at the end we need to cash out and to sell offline is really a tedious task for anyone and no one can make easy buy sell of the Bitcoin in offline with unknown without expose of his identity  .
So it is a hard thing for the criminals to have deals in the Bitcoin and also they if they will make big deals in the online then they need to declare the statement for the bank account that how and why did they are making money . In this way they will probably caught by the intelligence .
So we don't need to think whether Bitcoin has a bad impact . This is fully safe in every ways and also public thing in the Bitcoin .

Come on your saying before bitcoin there was no crime exists or you mean to say because of bitcoin crime started meaningless. If bitcoin ban then also crime will continue .Don't take this kind of baseless questions .

Yes I agree it is unfair to say that bitcoin is the one due to which illegal activities are promoted. I don’t think because before bitcoin there were crimes and still there are. Like any other currency bitcoin may be used somewhere for any unfair means but it doesn’t really mean that bitcoin is meant to promote such activities. It depends on the users for what purpose are they using the currency.

The illegal activities are already there ever since bitcoin is not yer created and yeah we should not blame bitcoin for illegal activities because even the creator of bitcoin doesn't want to use bitcoin in such illegal things that can damage its image in the other people or majority of the internet people but we need to always remember that bitcoin is always created for good and we can't prevent bad things because it is part of our life.

Anyone can use bitcoin, even crime. Not just bitcoin, the other currencies also be used to perform unlawful actions of the criminal, it is inevitable.Bitcoin is not the source of crime, that is due to the way they use them. So we can't rely on that reviews the increase or decrease in the value of bitcoin.

I think the fear of people funding criminal activities through Bitcoin transactions is one of the major reasons countries are skeptical of adopting Bitcoin into their financial system. But then there had been crimes even before Bitcoin was discovered. Bitcoin or no Bitcoin, crime will always find a way of funding its own activities.

Smart enought people trying to make their transactions as safe as possible. Actually there r lots of articles on Internet wich can help u save your money)

It would actually be harder for criminals to fund crimes through Bitcoin than through laundered cash. Both are anonymous, but laundered money has a history that has made it easy to do for those who need it. Bitcoin not so much.

lol
it is used on the dark net everywhere

But to take the post you have been quoted, I think it's not that easy to be funded if the currency will be used is bitcoin. First of all, exchanges have KYC verification so here it's clear that wanted persons will avoid it. Another one, if that is the scenario they will be using other people to make verification to the exchanges and withdraw the money to them, it will take time since there is a withdrawal limit and sometimes it was being hold and users will received lots of questioned first before it will take placed.

Sounds more activity before making a withdrawal right? So I can see that bitcoin is just an option to them as it was still fast if they will be funded by cash itself.

which is right mate, bitcoin is just a form of currency and surely be used for funding any crimes as well with all those types of currency which already been exposed and being used by criminals all over the net, whatever it is which ways they wanted to use criminals always a criminals and they will try every venue and chances that they've got.

The only way to fight against these illegal funding through bitcoin is the authorities needs to adopt bitcoin. And after adopting they need to regulate transactions but well this is not going to be an easy job for them as crime doers and law violators are tricky when it comes to this matters.

I do not think that crimes will be funded with bitcoin because there are already some regularities at exchanges when someone want to buy bitcoin and after someone adopt bitcoin then they are rich and no need for crimes.

Well, this is already an issue that is faced by people. Crimes are being funded with the help of Bitcoin and some of these crimes are surrounding the drug trade, there's really nothing we can do to stop this and they're just using the features of our currency (Bitcoin) to stay as anonymous as possible online. Though, I do think that Bitcoin is one of those things that has it's pros and cons when it comes to using it online.

For someone in the drug trade, I think they'd rather take cash face to face rather then doing all this crazy online stuff with a high chance to fuckup at a random point. So this is something they're probably going to think about before selling drugs online, they have to go through tons of loops to 'clean' the money online and to get it out into cold hard cash which is really going to be a bit annoying when they could facilitate all of this in person, and in cash.

So I think it makes criminals go through my loops then they want to, gosh even the government looks over these things with a much higher regard.

Many people commit crimes by using transactions through their bitcoin goals to be difficult to trace and facilitate transactions, It makes the government difficult to formalize bitcoin because easily the crime can do a transaction but I am sure the authorities will not take silence they must have a plan to deal with all this.

Actually, bringing cash is not a convenient way but instead using some sort of cryptocurrencies will make the job far easier. It's right that there's no record of evidence if you didn't get caught and carrying the cash but there's also some cryptocurrencies that don't leave its traces. Just for example is monero and there's damn many coins popping out every year with the same feature just like this.

Just recently,we saw some criminals demanded that they need money in bitcoins to free their computer from ransomware.But if criminals want to demand anonymously,other crypto currencies like Monero,Zcash might be the best choice since they are fully anonymous and bitcoin is pseudo anonymous.So funding crimes by bitcoin would not be a wise idea for criminals and it would not be carried out in future. 

Yes it is possible, and it will be quite easier for them. But honestly, people shouldn't blame bitcoin because funding of crimes has been around since forever anyway. So, bitcoin or without bitcoin, funding of crimes will still be a thing.

Its already happening in other country OP,there are alot of country that is funding crimes and drugs using bitcoins and i think some altcoins too.So no doubt about it that bitcoins can fund crimes and other illegal stuffs

Bitcoin is not the only thing that can fund crimes because their national currency can be also used in this kind of things because in fact, bitcoin is just like a proxy for them to not be located or track down but in the past few years or decades illegal stuffs, drugs are already funded by the original money and bitcoin is just like used because of its advanced features.

Yes I think every country will have its intelligence agencies where the data of the concerned wallet could be traced with no hurdles. In the end bitcoin data goes to the bank where the local currency is withdrawal from the account mentioned by the wallet so this is not really a hard task for any country I guess.

I am thinking of that too , Many intelligence agencies will surely do that because bitcoin is becoming famous in every places now and we know that bitcoin is the most anonymous way of receiving money from a crime that has to be committed. In the future bitcoin can possibly aint anonymous for some wallets I think because some wallets will require Identification of the owner like now one of the wallet Im using is coins.ph and it is asking me a ID which I will give to access the full features of the wallet.

Many people !, No that's absolutely wrong bro
See bitcoins can be used to fund crimes as no evidence would be present of transaction,
All we would be able to see is a wallet address and that would also be changed after the transaction automatically
People also use btc to transfer and hide their blackmoney
And by the way I don't think that the drug dealers and other criminals would go into online digital crypto currency instead they would go into old fashioned face to face transactions
We can't sblame bitcoins for these promotion of illegal things as they were there before bitcoins where even started
One of the advantages of Bitcoin is that we don't have to show our identity for any transaction, this advantage is used by them to buy drugs, weapons and fund terrorism

It is not that difficult to trace those transactions,if there is any investigation against any user then nothing can do to save him,there are several examples where people have being caught and their bitcoins confiscated doing illegal things. So you cannot hide from the law if you are a criminal.

It can be happened in every currency, not only Bitcoin Every currencies are involved in the crime. It depends on how people want to use, currency can be controlled by using in crime, so it can be tracked down that how many transaction are using in the illegal activities. That is not a big deal...

Right, they do not have to single out bitcoin. Cash is even easier to  use for illegal activities. There is no trace for cash and readily spendable. While bitcoin have a public ledger. Authorities just have to watch the bitcoin address and they can track the criminals.

As long as an item can be exchange to cash, they will use it to fund crimes.  Bitcoin is not the only one being used.  Though due to the popularity of Bitcoin news seems to like their reporting sensationalized to tap the senses of human.  Who will get interested if an article reported a case where an unknown medium is used.  Probably no one.

And I think it more hassle to use bitcoin than cash when using for those illegitimate activities unless the person involved really want to pursue their fundings thru bitcoine. Bitcoin exchanges also have some limits and in order to increase their limits they have to send verification which I doubt a criminal will do.

To summarize this, crime, illegal activities and all other related scheme is prone by bitcoin. As long as it has some value no way we can avoid it.

The difference is that its very hard to use millions of dollars in cash but with bitcoin you can move huge funds around and bitcoin mixers make it virtually untraceable.

At the end of the day though its sort of a feature and not a bug of the protocol.

Why not? It is a valuable thing.
Same with how they used gold, diamonds and USD itself.
This guys who are rhe crimelords, they also want their trades with something that can be used for a long time or could be preserved.
I dont agree with this but since bitcoin is in a hell of a price it will be somehow in the eyes of those illegal traders.
This is not new though. If they are not using it now, they will somehow find it.

That is very true, Bitcoin is much more flexible and easier to transfer than fiat money. Controls are not so big or even none and as long as you don't try to exchange the coins into fiat you are safe. And not less important Bitcoin is much more anonimous than fiat money which is also great advantage for criminal activities.

I think criminals will still find a way to change their bitcoin to fiat. They will move huge amounts of bitcoin user mixers and used fake identities to cash it out. However, whether its fiat or bitcoin, criminals or illegal activities will continue to be committed globally so don't put all the blame on bitcoin.

I absolutely agree with you. I don't know why people will keep trying to tarnish the image of bitcoin by associating it everytime with fraudulent activities as if that was the basis of the innovation or as if crime wasn't existing before bitcoin even sufficed. It is a appalling!

If the authorities find that there is something illegal being done with the transaction of funds ,i am sure they could track you down and will make you suffer for the crimes you have done,the notion of funding crimes and drugs using bitcoin is just a big myth,feel like laughing when the drug lords waiting for the confirmation for about an hour for the dope they sold and if i give a smaller transaction fee then i have to stay with him for quarter of a day. :D

It is very difficult to know the amount of money some criminals move in bitcoin, but I suppose that back in the day when bitcoin was just starting the percentage of most of the trading taking place  was mostly illegal transactions but as bitcoin has become known for more people then the percentage of these transactions has diminished because there is more people doing legal trades in bitcoin.     

I think legal trades don't decrease the amount of illegal trades. Surely the number of legal trades increased a lot, but illegal trades increased as well. Bitcoin has the price it has today not only by the good people, but because the dark market over it too, we need to be aware about it.

Bitcoin is used by the good and by the evil like fiat and like any other tradeable item. We just need to make sure we are using it for the good, otherwise there could be problems with authorities in real life.

It just so happened that bitcoin is also used in funding some illegal transactions, paid to people who commit crimes. But it is also the case of the rest of the fiat currencies that we know. Crimes are everywhere, paid in all forms. It is not the money that is to be blamed. Money is there as a neutral invention. It can also be used for good things. Bitcoin is the same.

I love how the mainstream media likes to play the crime card on Bitcoin. I always say, just LOOK AT CASH...

Cash is much worse than bitcoin for crime, not just because its already the mainstream method of transferring value... It can be hidden, counterfeited, obfuscated even easier than bitcoin. Drug kinds love cash, but they crave bitcoin. We are ahead of the game! haha

Check out my Crypto Coin Show Youtube video where I did a detailed comparison on Bitcoin Vs the american dollar, including parts on crime:
https://www.youtube.com/watch?v=I75rqUdgslA&t=

I don't know why people are putting so much emphasis on this. Crime will exist in this world as long as humanity exists. And the medium really doesn't matter. As of now, the preferred medium is physical cash. Bitcoin is sometimes used for ransom and other purposes, but it is physical cash which is remaining supreme as of now. If you want to prevent crime, then target the criminals. Going after a medium of payment will not achieve anything.

Sadly, it is our responsibility to find some solution on this as I don't think governments would tolerate these arguments based on common sense. It will affect the legal usage of bitcoin as the criminals will still keep using it under cover (i.e - TOR) even if there is a ban from the government. I hope regulators would focus more on the benefits of the bitcoin instead of such issues.

I think it's normal when bitcoin is used as crime funded or other illegal activities. Because bitcoin is also money that has a price. And not just bitcoins used for illegal activities but as you say, cash, gold, silver are also used as tools. This is a public secret

There is no solid proof with anyone saying that bitcoin is used for crimes but all of them are just the assumptions that the people randomly put in everything. There is a possibility that it can be used but we cannot say that bitcoin is responsible for the crimes because criminals and crimes were present before the invention of bitcoin.

Crimes are not funded by bitcoin, people commit crimes. People have always committed crimes from the beginning of time since Cain killed Abel because he was jealous and there were no bitcoins then.

Financial crimes are more common with fiat, i.e - usd, yen and many more. Using bitcoins to receive shady payments does not mean the law cannot catch up to you.

You mean people were killing other people to have teir bitcoins?   Or you are saying that there is an organization that committing crime and they get their weapons through black market.  Then they uses bitcoin to pay the transactions hassle free without a doubt.

Bitcoin relating to crime will be same as crime committed by a kitchen knife. It has only purpose you can use it for good purpose or bad one.

Syndicates or any crime related groups do have access to web. It's not impossible if they are using bitcoin to pay their members to the specific tasks and to transact with any group. There are ways if they really wanted to do crime and to be anonymous. Bitcoin can be good and at the same bad, It depends only on how it will be used.

The proportion is what changes, if on total there are 10 trades and all of them are illegal then 100% of all the trades are illegal but if there are 100 trades and the number of illegal trades is 10 then even if the number of illegal trades has remained the same now only 10% of the trades are illegal, as you see, the more people use bitcoin the lesser the percentage of the total transactions that are illegal.

All currency are liable for that because the currency is the one that is funded the illegal activity whether it is crypto or fiat because that's how real world works all kind of currency can use in illegal or legal but it is depends on you how you will look on it because the bitcoin is cruyptocurrency does not mean it is not use to illegal activity.

Bitcoin, other altcoin and Fiat is used in illegal transaction. Authorities do some moves to prevent this happening but of course not all the crimes they can prevent. I think this will not lead to decline in the price of bitcoin. This is the reason why some country before not accepting bitcoin.

we cant stop people that using bitcoin as a fund for their illegal activities or by doing crimes. remember we can earn bitcoin anonymously i think thats why people want to use it, because government will never track it, and they can easily transact everybody around the world. because bitcoin is worldwide and it can use by everyone.

And this is the main disadvantages of bitcoin which its "anonymity" do gives a way on those criminal minded persons all over the world and we cant really stop that reality since there are really people would really have these kind of minds which they would do illegal as long they can earn money thats why most government doesnt really like to adopt bitcoin because of this thing it will really be used on crime.

Oh for fuck's sake.  This is the old argument that people are influenced to commit crimes because of violence in movies, video games, books, etc., and to the best of my knowledge I don't think anything of the sort has been proven.  Do you think people just happen to run into pedophilic pornography and that they somehow get sparked into...whatever?  I don't think so.  That's either your thing or it isn't, and bitcoin and the internet have nothing to do with that bullshit.

As stated (correctly), crimes have been funded with cash and every other form of money since the beginning of crime and/or money.  Bitcoin is just a new form of money, that's all.

Indeed, its just an another form of money which means it can really be used on doing illegal as we all know that bitcoin does have value and the more important thing for them that it cant be traced so easily which means they can make transactions without the notice of the government. There are lots of things that criminals would do as long they cant be detected by someone.

Thats the most common reason why bitcoins are not being legal in most countries in the world,they are hearing facts that bitcoins is used to funds illegal things like ammunations and drugs.Its common

Ahh, this argument again. Bitcoin is just a currency. Criminal organizations will always find a way to transfer value. If anything government should create a dark currency of their own to be able to follow criminal transactions.
I don't understand how this argument that criminals might use bitcoin is justified. Seriously look at cash.
You should only be concerned about investing this point.

The idea of a coin created by the governments to catch criminals could be novel but at the end it is not going to work, since someone that checks the source code will immediately recognize the attempt to tracks its users, and if they try to hide the code by not being open source and being closed source then no one is going to use the coin because they are going to mistrust it.

It is happening in the internet world. There is a virus in a form of an email. So be careful when you open your email. It would lock your phone or laptop or any gadgets together with an account. It would say that enable to use your account again you have to pay them with bitcoin. Authorities can't do anything with it. The only thing that we can do, is to observe and protect ourselves from those crime.

some criminals use it but not as a global currency of crime, because it is still not anonymous completely considering you need to verify yourself before buying in almost all exchanges, and following that your transactions are public in the blockchain and the exchange (if want to) can link your name with every transaction you conduct.

If it has been proved that bitcoin is patronizing​ in the crime then it would be a great collapse for it, generally​ Bitcoin is a anonymous platform so That it's tough to recognize any illegal financial transactions, so it may be happened but it doesn't need to focus in public, Because it creates a panic among themselves...

Yeah right.  But you could actually changed your identity.  The names, location, age, or even address can be altered so you could sneaked.  So basically it is easy for criminals to use bitcoin for their illegal activities.  Having bitcoin as we know, less hassle and easy transactions when transferring or even buying things.  But yes, it is not used worldwide so maybe if the country does not or have no bitcoin, they convert it into cash.

If they try to hide the Code therefore does not open source and be closed source, then no one would use the coins because they will distrust it.
and I do not believe if bitcoin can fund the crime world

Bitcoin can fund the criminals in our world because it is very easy to transact bitcoin or send it to other people and also, it has a feature that other people like criminals look it as an advantage and that is being anonymous of bitcoin and it makes them untraceable so they can easily send or receive money in the form of bitcoin without risking their identities for the authorities.

Bitcoin features are perfect to used on crime especially on ransom payment. But it does not mean that BTC must forbidden because of this one. There are many good used for btc compared to negative used. Besides, even BTC is not created, there still crime out there.

A lot of crimes are being committed on a daily basis by using local currencies as medium for payment. I guess bitcoin is not immune to that and you can definitely say that it is another option that criminals the world over can make use of. But we have to understand that all currencies or anything that has value can be used as an instrument in committing any kind of activity, be it legal or otherwise. It is us humans who decide whether something is bad or good and we are naturally born to do some bad things from time to time, especially that the tools for doing so are just at our disposal.

Cash is also perfect for crime though perhaps not as easily concealed. Bitcoin probably mostly makes it easier for digital crime rather than real crime but even those ransomware attacks existed before bitcoin and used other forms of payment.

Yes, your right it is just not hard to be done. There are many unknown people who use bitcoin maybe even Isis because at first bitcion is a digital money that can use where ever you are or who ever you are. It is so easy to use especially in far transactions to those who wants it to become fast. Crimes will be easily funded because of this kind of transactions.

Criminals use local currencies too, does that mean we should ban them. In fact it is easy for a criminal to commit crime with fiat without being caught than Bitcoin/Cryptocurrency.
Those who hate Bitcoin or Cryptocurrency arent telling you exactly why they hate it.

As of now, I have seen a lot of trades that are using this kind of technology as a means of payment.
Or maybe they have switched to this kind which makes them anonymous in every deal they make.

Illegal weapons are the only one that I have seen but not drugs yet. This cannot be easily traced now.
The only thing they can see it is when the weapon will be shipped.
But with the payment I am sure they wont enough time to look at it anymore.

Criminals will use the best and easiest tool for the job and for the moment that is fiat, bitcoin is too complicated for most people let alone criminals to use, when you add the fact that everything you do with your bitcoin can be tracked down then it is no wonder criminals still prefer to use fiat instead of bitcoin for their nefarious purposes.

The thing is, as mentioned by some others already, Bitcoin is not the problem to crime, nor is it the key to eradicating it. If people choose to commit a crime, they will do so - they will not choose to commit a crime just because of its anonymity. In recent days, the demand of bitcoin by hackers is just an example of a simple transaction, not a whole crime field fuelled by Bitcoin itself. It is also easy to ask for Wired Money and it will still work properly. While the anonymity will be compromised a little as banks need to have a database of names and addresses, the overall point is remains the same. Banks (in most countries) have no right to take away money from your account, even though you might have obtained it illegally.

If no crime has happened before the existence of bitcoin then we can agree that bitcoin cause crime. Here the scenario is different that few use its decentralized functioning for the crime purpose. These days this has decreased a lot. So coming days people it prefer much for good needs.

The anonymity of bitcoin seems difficult to track but according to some articles which I've read that crime through bitcoin can be traced, but I also don't know how they might track it maybe from high or unreasonable transactions because every bitcoin transaction is already recorded in the blockchain ledger

Bitcoin was earlier adopted by dark markets due to its anonymity.But when they saw bitcoin is pseudo anonymous,they found monero and zcash to be fully anonymous and started to buy it.Now,bitcoin has investors globally and it does not need support of dark markets any more.So,it has no effect on bitcoin price.

Yeah it has been common recently and it is really one reason that Bitocin became so famouse. It's also a reason why some countries do not want to legalize Bitcoin, they don't want to risk their countries.

Already been use in many illegal transaction and a lot by the terrorist in many country a very easy way to get paid without getting any trace it to paid by bitcoin you can also buy illegal guns or drugs online using this cryptocurrency bitcoin just go do deep web.

A precise answer, but sharing this kind of knowledge here is quite 'very informative' in a illegal basis. So informative that it could give these people idea where they can do such a thing.

Maybe that's why 'terrorism' still exist, why? Because of this god damn politics, they just wanted to have a revolution, wanted to just manipulate these people and turn them to criminals, in exchange of fiat of course.

I think that criminals can be tracked, because they will make too expensive purchases and they will not even help the anonymity of bitcoins. Criminals also use other types of currencies, but bitcoin may seem to them to be better in terms of security.

Nothing but an excuse I must say, governments are shielding themselves by using that as justification against legalizing bitcoin but they know full well they do not do it because bitcoin is a revolutionary currency that is going to change the way people make business and the way in which we think of trade and our relationship with money.

If the crime is funded by a valuable item such as gold that has enormous value, will it also be the same fate as you said in bitcoin.

Crimes are funded by crooked people who are not in their right minds. I think it won't matter anymore what funds are being used. Crimes have been there since the beginning of humanity. It is funded by myriad of things. Right now, it is funded by USD, EURO, Riyal, Pound, and all kinds of currency. Bitcoin of course is not exempted. They have their own share also as other criminals prefer bitcoin.

Nope. I'm not saying that it is impossible to track but the fact that Bitcoin is decentralized that gives an edge for this criminals and/or syndicates to transact without being notice, some might even use encryption for them not be more invulnerable. Also, this criminals are not that *dumb* enough to sabotage their anonymity.

All the transactions ever made in bitcoin can be seen, everything is right there for you to see, it is in the blockchain, there are business making money with that right now, they are trying to link the transactions that you make and if you make a mistake they could even put a face and a name to all of those transactions, so to all those criminals doing their thing in bitcoin may have their days numbered.

Well, that is not because of bitcoin or even money. That is because of the people. The people are not educated well and there is still a big gap between the poor and the rich. That is why there is always a crime. Even if they use shit as a term of payment, crime can still be funded by shit

Crime always seem to find its way in almost everything, Bitcoins is the latest way for criminals to launder money without being caught and there seems to be nothing that governments can do to stop it. This has rather help increased the price since almost am sure even terrorists even use them.

It is much less than crime founded by FIAT. Criminals still prefer to use FIAT cash as is traceless once you handle it person to person. Bitcoin can be tracked in the blockchain although it can be mixed through different mixing services. Bitcoin is being used in the hidden internet but the usage of bitcoin in criminal activity compared with FIAT cash is almost 0%.

There can't be a single money related thing in the world that can survive from crime and criminals. Bitcoin is also used for funding crimes of course like other currencies but we never know when and where that happens because bitcoin cannot be tracked. You cannot find someone by just having his bitcoin wallet and in bitcoin you cannot have any other information about them except that.

I knows the story of a thief who turns all stolen money into BTC. He was caught and he was sentenced to 10 years in prison. Police not were able to recover money. The guy will serve 10 years and then he will be a millionaire for the rest of his life. What do you think about that?

It's not just bitcoin but it's the money which is the cause of all the evils and since the tag money is attached to bitcoin also it can be used by the criminals too just like fiat is used by them. As far as tracking the criminals or crime funded by bitcoins is concerned there have been instances where people involved in funding crimes or criminal activities with bitcoin have got caught by the police or by any other authorities entrusted with the task of curbing crimes.

Bitcoin was created for good purposes which includes anonymity but this was taken for a wrong meaning and some people use it for illegal purposes, so why is Bitcoin and its founder getting blamed? Its good that Satoshi Nakamoto has not revealed his identity, if he had he might be behind bars for the  illegal things he didn't do.

Duse crime can be funded my a lollipop store. Hell your church could be funding crime. Anything can funs crime. People are bad not things. Blaming bitcoin is like blaming the tree when you crashed into it.

Where good and evil are. People will look for a way to quickly enrich and maintain wealth. Especially the wealth collected illegally. BTC is an solution in crime :(.

I believe in the statement that money is the root of all evil. With that, Bitcoin being conaidered now as a digital currency and therefore as money, is also a root for crime. In my oppinion, Bitcoin is funding crimes that is related to hacking in order to steal more Bitcoins. The idea is that they look unto crimes that is something that they already know and have an idea on which is Bitcoin. And therefore, Bitcoin it is. Another possible crime that they are funding about Bitcoin aside from the hacking is the mining. They may be behind on kind of minning hack that is illegal.

Criminality now a days is always a menace they will always look for an opportunity to take advantage if  will be caught off guarded. Will bitcoin or crypto currencies is no excuse for these there is a possibility that it can be used for criminal financing, but I believe that since it has existed for several years without fraud yet, it has a security features that will protect the investors like ledgers and traceability features that can easily detect if there are any abnormalities in the system.

A recent study reports that criminals still prefer cash to crypto...
http://www.zerohedge.com/news/2017-07-17/criminal-groups-still-prefer-cash-bitcoin-eu-study-finds

The notion that bitcoin facilitates crime is spread by ignorance and fear-mongering. Bitcoin is theoretically trackable, since the blockchain is public, which is why organized criminals are increasingly switching to cryptocurrencies with stronger anonymity features. Paying and collecting in cash is perhaps the best way to launder money, which I do not condone.

There is big possibility at this very movement as we speaking about this topic, people might be trading illegitimate stuff in the black market. Yes you are correct that bitcoin being anonymous can lead to corruptions all over the world. It's not easy to track and people will always love to do hidden transactions if they are doing something wrong. Even this money might be used in storing lots of black money and bitcoin may help them do the money laundering in smooth way.

all type of money use criminal activite. sorry to say bitcoin also use criminal.

We can do transactions with bitcoin with anonymous names,and this is decentralized also.no need to depend on the bank,government also not handling the bitcoin.so here we have possibilities of crime,criminals also can use the bitcoin for their transactions.criminals may misuse the bitcoin features.

For criminals and is now quite difficult to use bitcoin. Yes that's right the police can not trace transactions in bitcoins, but they are easy to keep track of receipts on Bank account. The use of bitcoins in the criminal world it is fake which is distributed deliberately to the bitcoin were outlawed.

Bitcoin is free, anyone can use it so no wonder when bitcoin is used for crime.

Just like US dollars,Bitcoin is free to use for any purpose.Bitcoin has user base all over the world who use bitcoins for various purposes.Even if criminals want to use bitcoins,instead they would feel comfortable by using altcoins like monero or zcash as they provide full anonymity.

yes you are right bitcoin can spread good and bad both equally it’s all up to the user we cannot blame bitcoin for this evil it can be done through anything and from any currency bitcoin is not being involved in the crime of the criminal by itself it depends on how people are using it but if it is happening only in bitcoin then it can be controlled through tracing the use and the code of that transaction it is not so difficult now.   

There is no crime that is funded by Bitcoin, only crimes funded WITH Bitcoin. I do not really like that the few instances that Bitcoin strike the International headlines, one of the news is about the digital Silk Road. It gives Bitcoin a bad image and reputation. People will assume that Bitcoin funds crimes and will get the wrong idea. But we also have to accept that Bitcoin’s anonymity policy ,that attracts criminals, is one it Bicoin’s biggest advantage and biggest evil.

Yes. We cant control them . Some people uses bitcoin in a wrong way. They have been abusing it, thats why other people tend to be think that bitcoin is not good and it will only ruin their lives. Many people doesnt recognize it because of that.

Anybody who uses bitcoin for criminal purposes would use fiat for that same purpose if given the opportunity and the illusion of anonymity through the use of bitcoin is about fading away because I don't see a way to cash out large amount of bitcoin at once without using the exchange sites and this exchange sites will demand verification for such which in turn  will be handed over to government as part of requirement to operate their business. Whether zcash or monero, if I have tons of it and cannot convert to fiat, then its useless.

People who think like that are idiots. They are thinking that something that is cooperated in a criminal activity is a criminal also, that is wrong. Bitcoin is a digital currency, they can't pick who will use them. Also, people use USD and other fiats for crimes, what's new? Also, are fiats not recognized by people because they are used in crimes? No!

Well crime will always be in this picture as long as their is money and To add being anonymous makes or attracts more syndicate to transact underground without being track or caught. I think authorities can't handle this as transactions made everyday is quite a lot and they can't just search and assume that is the transaction. It will never affect the price of bitcoin, supply and demand are the one responsible for it.

This reminds me of a virans ransomeware attack that asks for payment using bitcoin. I think it can happen .. crime in bitcoin dance is very likely to happen. Because the anonymous bitcoin makes these coins span with embezzlement and other criminal acts. But bitcoin is created not for that. I'm sure bitcoin has more functions not for evil but for good and easy

The way they think tells us like they were born yesterday. People just focus on the negative side and not on the much positive side. People who thinks bitcoin as a crime tool can leave and don't bother to join us because we don't need you.

its better to get rid of those shitty people who know barely something about bitcoin and keep their mouth open to blame bitcoin with their unworking brain.
why the heck they dont blame their existence aswell which could waste the resource which this planet have to such useless person.

It is nothing different then fiat money , It are just the sensational headlines that do work.
When i talk about btc 50% of people think about drugs first thing. Thanks to the media.

the different with money is if we are using money, then law can tracked wherever we go especially when one transaction is made. they can detect where is the address sender and receiver so they can process it. but with bitcoin, when one transaction is made, no one will know where is the sender and receiver and what for the transaction is made. this is why, maybe bitcoin is used by illegal activities so they don't have to worried if someone will detected what they do.

That is just pretty normal. Plus bitcoin is more considered to be a good funds for illegal transactions since bitcoin has more anonymity structure which can be a real advantage for criminals

It is lame to punish crypto currencies or any money for being used in wrong matters instead of those who are making these uses. If anyone needs to be stopped, then it’s those criminal minds which are always planning evil and defame others. Bitcoins are providing GOOD people opportunities that they have never imagined and it also provides security to its users.

There would always be a crime regardless of this is a bitcoin related, gold, or Fiat. The only advantage that a criminal can have is that when they used bitcoin they are more anonymous. However they cannot obviously cash it out.

I think you don't read too much so you? Bitcoin is proven that it is not really anonymous and it can be tracked. As a proof you can read this article: Click Here (http://www.cryptocoinsnews.com/terrorists-and-criminals-are-rarely-using-bitcoin-or-ethereum-eu-study-finds/amp/)
Bitcoin is not anonymous but there are some digital currencies that is, but as you can read in the article, the anonymity of bitcoin is not really that high, it can still be tracked so I think with bitcoin se can make a good records of transactions that may lead of lessening the criminal activities involving bitcoins.

people are using bitcoin for good and bad, many people assume that bitcoin can carry out a crime transaction, and that could weaken the bitcoin

Bitcoin is not the perfect tool for criminals. Because as soon as they move their money, it will hit the news. FBI,CIA will track them, down! They can't spend it easily, they can't go to the banks. Stolen bitcoins are pretty much dead coins.

They use Bitcoin for transaction that's why there's a lot of illegal activity or transaction online.. bitcoin is a black market coin and soon people will recognize it!

Bitcoin can be seen, so it is not anonymous. But there is a crypto currency which is totally anonymous, it is called Zcash,Monero and verge with that coin you can't see who and where the transaction accepted. No doubt  this coin can be used for some illegal activity.

i am not sure how true those things are and how they are going to work,either way it is an interesting concept. i would care less if crimes are funded by bitcoin concoin or fiat,if the legal system is strong the criminals will be caught no matter what method they use.
It has a high possibility, because of it's anonymity and price, no one would be declining the offer. And even these criminals used bitcoin as a payment to the crimes they commit,we can't stop them from doing so.

That's why my government still forbid bitcoin usage since bitcoin can be use for corruptor or money laundry since bitcoin is untraceable and anonymous
My government want to regulate bitcoin in order to prevent criminal things get worse but for now people able to use bitcoin but with their own risk

the title you made is incorrect, should be 'bitcoin used to found crime'.
excess bitcoin can be sent anywhere via the internet without going through a bank or delivery agent. can be used in any country and can not be frozen. that is one factor that makes bitcoin used to found crime.

I do not believe it before there is real evidence to show that statement .. !! but it is also possible to happen, sometimes bitcoin is used by criminals because of its security that can not be traced, maybe back to the user .. for what bitcoin is utilized ??

Without any doubt I can say Yes, Bitcoin will be a great help to criminals because of its anonymous nature. Now criminals just need to give their address and the money will be transferred in their accounts, due to this it is becoming highly popular on dark web. It will promote the criminals and thing like  kidnapping, killing, extortion, ransom will increase. Also in the recent WannaCry ransom made use of Bitcoin as a payment. So, yes Bitcoin can help and boast crime.

This is happening. This happens when bitcoin is used by a person who does not have a righteous thinking. Have you watched the series Mr. Robot, there is a particular episode there where a site that sells drugs, guns, and children for pornography and it is funded by bitcoin. But in the end the site was discovered by the police because it was revealed by the main character. There are two types of bitcoin users, the responsible one and the unrighteous, and we all should be the responsible one.

Yeah Bitcoin can be used to fund crimes because of it's partial annonimity, but criminals are criminals they won't stop doing what they do just because bitcoin is banned they will always find other ways so thinking that bitcoin is making it easier is just wrong.

I think Bitcoin is known since its creation as a decentralized and anonymous crypto currency, and this fact wasn't leading to a decline in its price , but to high rising. Fiat is also used (and a lot more than Bitcoin) to funding the illegal crimes.

We cannot avoid that. We are given a freewill on where are we going to use bitcoin, on whether for good or for bad. But it ot depends on us. We should learn our limits. We should be responsible on our actions so that we will not regrets the thing that we are going to be done. All in all just be responsible.

Yes , bitcoin is being used by many criminals. Bitcoin is a very good platform to perform some criminal activities by opportunists. The identification of bitcoin user is hidden so many potential crimilnals use the bitcoins in order to get ransoms after hacking or doing some other criminal activity.
Criminal activities associated with bitcoins has led to the negative publicity to a great extent i.e one of the main reason why governments are not ready to accept bitcoins as a mode of currency.
Till the time bitcoins will stay criminal activity is going to stay with it as the anonymous feature of bitcoin is inveitable to all this.

Hmm. Your post made me think too. But if you come to think of it, it can be possible because of the anonymity and the big bounty that ine can get from campaigns. This can be used as a source of funsing for terrorist groups as well. Imagine the hierarchy of it. One group is for combat while the other one is the one getting funds or finding ways for funding like bitcoin. Everything is possible. But i guess the secure part of it is the ID system for online wallets.

Bitcoin and any crypto coin can be used for good things as well to bad things, remember that the fact it being digital doesnt means people will use it for good things just, bitcoin and crypto are into the same situation as fiat for several years, being used and abused intot he ilegal schemes, and it wont change no matter what a country try to do to forbid.
Bitcoin can be traced to the adress, even not being able to frozen the coins something that can be done with the banks, sure crypto has some advantages that can be used for ilegal purposes.

I don't see Bitcoin being the problem, there was gonna be something like this eventually.

Bitcoin truely does support some criminals because of the most illegal part of it known as deep web.

Yes but in fiture there may be some serious problems in bitcoins as they are the major currency in all the illegal needs like selling or buying drugs, etc. It is not safe perhaps then.

A lot of crimes are being committed on a daily basis by using local currencies as medium for payment. I guess bitcoin is not immune to that and you can definitely say that it is another option that criminals the world over can make use of. But we have to understand that all currencies or anything that has value can be used as an instrument in committing any kind of activity, be it legal or otherwise. It is us humans who decide whether something is bad or good and we are naturally born to do some bad things from time to time, especially that the tools for doing so are just at our disposal.

Yes it is highly possible for crime to be funded very easy than normal banks services. That is the main reason why government is doing everything to regulate and discourage bitcoins use. It will be very hard to trace crimes funded by bitcoins.

Crimes like tax evasion and money laundering? :( Government should act faster in regulating cryptocurrency before it gets out of hand. Terrorist being funded by bitcoins, kidnappers asking for bitcoins as ransom...

It is a possible event to happen and it is already happening. Way back 2009 up to now 2018, bitcoin has been used in the dark web or deep web to transact with different person like hackers and illegal dealers. It is also use their as a payment for the access of different porn sites or child rape also known as pedophile. We use and benefit from the positive effect of the bitcoin. While the others are using bitcoin to do the dirty and bad things. Anyway FBI tracks the users in the deep web that enters to the dark web.

After bitcoin was created way back 2009. It is already use by the hackers, illegal dealers and human traffickers to transact or as a payment for the service or transaction happens. It is also use as a payment for the access of different child porn or pedo sites.  The FBI hunts and tracks the users who enter in the dark web or even in the lolita city. The disguise their self as an illegal dealers and catch the people that made a transactions to them. They are just waiting for the divers in the deep web to commit a crime.

This is true, anyone can do crimes with or without miney. Most online crimes now, using bitcoin as ransom. e.g. ransomware virus

It could be possible. Because of bitcoin's anonymity, bitcoins can be use in crimes. Using bitcoin in crimes is unavoidable. But somehow, bitcoin can find ways to stop it.

What ever that has a positive use also has it negative use also, bitcoin can be use to aid crimes and criminality due to the fact that bitcoin is decentralized and can be use to carry out payments at any time and from any where so bitcoin is a great tool in the hand of criminals since it transaction can't be track.

You mean illegal activities? Because crime can be possibly done without using any resources such as do to your anger and hatred to someone in which you could be tempt to do a crime anytime now but if you are referring to illegal activities of course it can be funded thru money laundering and that is why some nations want to regulate bitcoin before they adopt it so that it can never be use in any illegal activities.

Hello, this is a very interesting topic you have opened and its good to know that someone is also sharing the same sentiments as I have too.
Here is my point per point opinion on each questions you have raised.

How do you think the authorities will combat this? > The only way is to have this regularized by SEC's. Meaning each bitcoin wallet should have an identity at least. Which we dont fully want. Since regularization will mean taxation also. But as long as we have an ID for each wallet, all transactions can be traced.

Will this lead to a decline in the price of bitcoin? >Probably not, even if bitcoin would be used for "criminal money" a larger part of it still revolves on traders and adopters.
Using btc on illegal transaction would not cover majority of its entire market cap.

With government law officials auction off the bitcoin that they confiscate during their raids,
it is hard not to say that crime is never funded by bitcoin.
Just as you can not say it is not funded by any other funding system like payoneer, payza, skrill, etc.

It is a likely scenario, we may never truly know the specifics of any crime being funded
by bitcoins. In reality it's been used, utilized and affiliated with criminal activities. It's
no surprise to anyone since we all know that it is a decentralized currency and it has
this anonymity feature, which is the focal point that's attracting this much attention to
criminals and authorities alike. Bitcoin is a significantly conspicuous piece of innovation
exploited by criminal activities in the internet, sadly due to this actuality it has tainted
bitcoin's reputation.

It may have been used to fund crimes but bitcoin is certainly not to be blamed. Even anything good can be used for bad because of the abuse of people. Even fiat money can be used for funding crimes. But bitcoin or even fiat is not the problem but the people using it for bad intentions. Maybe it's just about having the right perspective in looking at the issue.

maybe it will like this. the government will identify the bank account number, they will analyze the account with the name of the owner, they can see that which account number will have big transferred money in everyday or monthly, then if the transfer is big, then maybe they will ask the owner what business he did and if the owner has bitcoin wallet, then he needs to add his bitcoin wallet to make easier the identification and the money transfer.

I think it might impact the price but bitcoin will still increase and not depends on this situation. but we know that bitcoin could be used for criminal activity since they don't need to fill any of document to send and to receive and they could transfer the money to every account they want.

nan?

Ideas about the dangers of crypto-currency, as a means for financing crimes, are unfair and false in nature.
At opponents кpиптoвaлют there is a huge lobby which purpose is disinformation of the public concerning кpиптo currencies.

Very influential, it will make a negative impression on the bitcoin
the crime will never run out, the crime is like a chameleon, which camouflages to be invisible to the prey
and make adjustments to the environment, if bitcoins are linked to crime, as well as paper money, which has been very often used as a tool of drug transactions, terrorism, and more
think about it

Not only Bitcoin but also privacy coins such as monero, designed to avoid tracking, have climbed faster over the past two months as law enforcers adopt software tools to monitor people using bitcoin. A slew of analytic firms such as Chainalysis are getting better at flagging digital hoards linked to crime or money laundering, alerting exchanges and preventing conversion into traditional cash.

Seriously,you think bitcoin is the only way for criminals to deal things,terrorism and money laundering is going around for a very long time,even before bitcoin and now everyone wants to put their hands on bitcoin to blame,that is just weird. Criminals will always find a way to do their activities.

Yes, crimes could be financed using Bitcoin, but criminals also have other methods of payment so we should not disqualify BTC becuase of that.

Surely they have other methods too but as bitcoin is more anonymous than any other method there is a shift to bitcoin by criminals that nobody can deny. I even think that the reason why bitcoin's price rose so fast is the dark side of the blockchain demand.

Yes, I think spotting criminals is much more difficult right now.

Another popular criminal way to get rich is blackmail. The scheme is again simple and simple: DDoS-attack and demand for redemption, or theft of important information and, again, the demand for redemption.

Yes .criminals are using btc for crime as it is risk to use bank accounts for crime so they are using bitcoin. Because this is not reachable for anyone investigating. This is the another reason of banning btc in various country.

There doesn't have to be any kind of correlation between Bitcoin and crime.

Crime is an entirely different sociological problem.

I think bitcoin is not a source of crime. It is difficult to enter bitcoin, it is difficult to use with bad transactions. Because it is very reliable to use, so people trust it. It is better for the bank because it can guarantee you more money. Because of bitcoin it has a beautiful and powerful security for people who use it. It will not allow you to lose just enough money, depending on whether you are victimizing scammers.

This would be really so harsh and rude to associate all crimes or maximum to bitcoin because there were crimes committed online and offline when even people were not having concept of bitcoin in their wildest dreams.

We should keep in mind that bitcoin is giving us liberty to use our money and it is totally upon the user how he or she is utilizing this liberty. In short, we cannot simply blame bitcoin for online crimes because scammers were there even before bitcoin.

While bitcoin is the best choice for a crime, it is not an unforgivable sin.

In fact, if all the tools used by criminals are guilty, the Internet is the one to blame.

Regulations and KYC will make criminals unsuccessful on their plots using btc or crypto so other people should not be blinded that bitcoin favors criminal activities more than fiat.

Because of bitcoin anonymous nature, it was abused in so many illegal transactions, I saw it in the news that bitcoin reach the highest peak on 2017 because of the terrorism, it was used by ISIS group to buy a weapon and other illegal items. It was unfortunate to know that bitcoin has a negative side that is so much darker. I think the authorities are going to have a hard time tackling those kinds of situations. If this kind of situation continues then it will affect the simple bitcoin users, big time.

Doing crimes with bitcoin has really been a great wave now. The larger the bitcoin community is, sp does the people who use it for crime. Well, doing crime is a choice. And I believe that there comes this time that it will have its consequence. This could be another thing why some government tends to hold bitcoin. They may use this as a reason to control bitcoin. So for us, we must twist it and somehow find a ways to put this down to prevent bitcoin's name.

I agree, we cannot control how people will be able to use their currencies be it fiat or cryptocurrencies and since bitcoin is able to move funds internationally without censorship and guarantees high anonymity, there is no doubt bad people will find it more convenient than the others to facilitate their evil deeds.

This is the normal thing in the world that all of the crimes are being funded by fiat currencies and now by the cryptocurrencies. It is natural for me because the criminals are smart too that they will find something that is good to use for their own desire and plans and they will not show some care for using it because they are bad people.

Bitcoin is still a type of currency and still can be used as payment.So there will still chances that it can be used for committing crimes.Currency are a powerful material,that its use depends on the person who are going to use it.Is it in good or bad.

I think this is the saddest part of crypto currencies that because of decentralization it is vulnerable. So criminal money is also flowing here. Actually I think that is the main reason why price of bitcoin jumped from 3K to 20K in very short time.

True, but it's also a drop in the bucket to crimes involving USD $100 dollar notes, the longstanding king of the world of crime for at least the past 157 years, in other words as long as it has existed.

Feel free to retweet that.  

Well crime is also and mostly funded by fiat currency so I don't see a problem here.

It is already use by the hackers, illegal dealers and human traffickers to transact or as a payment for the service or transaction happens. So its true - crime funded by bitcoin.

It's a sad thing that Bitcoin and other alts are used to pay for crime. Coz it would take time to investigate the chain of payments and to trace its owner. Criminals can also use Bitcoin mixing services to break the trace. But dont forget that criminals also using fiat to pay their hitmans and their gang.

to fight bitcoin? Some countries have banned bitcoins because of its anonymity. Bitcoins are really dangerous. There is a lot of news that bitcoin has helped the terrorist group operate.
Because of such dangers, some countries have forbidden the bitcoin. Really bitcoin has brought a lot of people a better life. But bitcoin was used for bad things, I was really disappointed.

Criminals are almost everywhere. Finding criminal in bitcoin isn't a new thing for us.The main point is finding way to stop them. We know they can attack at any time so for this we have to get ready. Like bank robbers can attack any bank, and bank arrange some security for its safety. We have to do same with bitcoin. It can only possible if government involve with it. But since bitcoin is tax free so its hard for government to work with btc.

That is the fear of some governments. Bitcoin is easily used by bad guys to run their actions. While the government can not control the bitcoin in full. We can not blame it, it was a decision taken as a preventive action, so some governments banned bitcoin.
In fact, there are many great benefits waiting to use bitcoin more wisely. So, basically, it's all back to each other's personality. It should be used for good, not crime.

But in my opinion, this fear is completely unfounded. The transparency of Bitcoin is such that criminals would essentially be making a permanent record of their actions on the block chain. Analytical software is already to the point of being able to suss out individual transaction paths, by analyzing the web of transactions and how these relate to known actors (business wallets, exchanges). So it's not figuring out who the criminals are at all. It's finding out what merchants the criminals utilized, to convert value. Then it's a quick trip to the address you registered on the exchange, or the address you had that sweet new computer sent to.

Smart criminals no longer use Bitcoin, that's stale. Dark coins are the new green.

There is no problem indeed as crime use to happen all the time if not in bitcoin then they will use some other source for it but bitcoin is the currency that has secret use, no one can ever predict the user and the receiver of bitcoin, price of bitcoin is high it is main reason why people use it for making criminal activities, now government is taking interest in bitcoin so it is hard for people to use bitcoin for negative activities.

evil always has, many ways to launch its action
and this, not because of the mistake of bitcoin, the crime has existed long ago, before there was bitcoin
and fiat money, are already used to fund crimes, such as drugs, terrorists, and other crimes

The thing is that Bitcoin is not anonymous. There were situations when investigators arrest the computer of drug dealer and find there information about all bitcoin transactions and all his buyers.

Truthful statement! If somebody makes any connections between Bitcoin and crime, why should not we connect Euros and especially dollars with crimes, related to drugs, guns, kidnapping, killing people and other horrible things?

It is a strong part of Bitcoin - and why it will eventually fail

I think this is one of the reasons why many countries ban bitcoin. But we don't do it because it negates bitcoin. Bitcoin is just a tool. It is used passively. If there is no bitcoin, there may be other COINS.

In fact the bitcoin is not anonymous, so criminals usually use anonymous tokens, but the anonymous tokens trading volume is not particularly big, so I think that at present there are still many criminals use the bitcoin for payment.

That is actually one of the main concerns and reasons as to why there is a bit of uncertainty on the side of bitcoin being allowed and being able for us to manipulate some of the functionalities of bitcoin to make it available for us to put to bad use. Even the sheer possibility of it is able to scare off the governments and that is why they are shutting it down u til they can know more

In my own opinion.There is a possibility that the crime is funded by bitcoin. This insurance is the reason why other people and the government think badly. Because of the extent of the bitcoin domain, and many may attempt to use bitcoin in bad purposes. And I have faith in bitcoin. The more prosperity it uses for good welfare than crime.

Well is not only through bitcoin the crime can be founded, criminals can use any means available to carry out there transactions e.g master cards, PayPal and the other means of payments available. But bitcoin has given them the opportunity to carry out they transactions unnoticed and secured since bitcoin is decentralized.

Bitcoin will not fund crime more than U.S. dollar did. USD funded the atomic bomb, USD funded terrorism, USD funded crisis, etc. Bitcoin is a way to go out of this thanks to transparency.

Every currency can be involved with the crime. Bitcoin is nothing to be fear of. Crimes happens with or without bitcoin

This problem can't be against because it's one of the first headed of satoshi:"everything in BTC world is anonymous unless they want to show their identify" and eventually Bitcoin did this very well so that why much crinimals are accepting bitcoin as their main method payments.

In my own opinion, currency and fiat are just the same and they are both can be used for crimes so why there's a news that crime funded by bitcoins, i think that there are people behind this news who wants to reduce the investors of bitcoins because they are being affected by the growth of cryptocurrency.

I still have not heard of a bitcoin-funded crime just because I've heard that bitcoins have been helped in the Philippines and just scammers that they use bitcoin to work with other people.

if there was no one to spread such a story, then it is likely that bitcoin would not be a problem until now. because each person's speech or writing is sometimes believed by someone else. so we better have to be careful again in writing the words we do not want.

Each transaction of bitcoin is recorded on its block chain, which contains all the records used for transactions in bitcoin, and can be accessed publicly.

If the government wants to track the flow of money, it's possible, but it's a lot of work!

This means that the crime against BTC will be effective!

The information of the transaction is recorded, but the information is inaccurate. I can get virtual information to register, so the government will not be able to properly investigate the criminals. At present, some criminals have invaded the internet and asked banks to transfer them with bitcoin. With this information they can hide their true information.

The appearance of bitcoin and other digital currencies makes demands, acceptance of ransom, and money transfers anonymously easy, safe and possible. The impact is very drastic on the increase in the number and types of cyber crime opportunities. It really is a cyber crime machine and will continue to encourage and encourage criminals,

bitcoin has become a means of payment transactions in some countries, so digital currencies of course bitcoin have the risk of being used as a means of transactions to fund crime in the world.
just as flat money and gold can be used as a tool of crime transactions, so believe me there is nothing perfect in this world.
however the transaction tool will be used for crime, because it has value. so anything of value will be useful and anything useful can be used to buy anything.

We cannot avoid that scenario to happen and even the fiat currencies are created to be act as a payment and also an exchange for different items but it is still being use as a way to make transactions in illegal things and even there is a law, it is still not be followed by the people so it is the same thing in bitcoin and the scenario that is happening in bitcoin because they have more freedom in bitcoin because of the decentralization so that is also an additional reason for the government to apply regulation on the cryptocurrencies.

they will need to use every resource that they have to track every transaction in the blockchain because maybe one of the transaction is used for the crime as we don't know what is behind of that transaction. but maybe crime already exists in the blockchain for a long time ago and until now but still, it is hard to know which transaction that being used for crime.

Crime is also funded (paid off and for) by Paper money, gold, valuables and a lot of other things, also via banking systems - why blame Bitcoin? if "Criminals using Bitcoin" is the reason to shout "Stop Bitcoin" - well, I would suggest to also stop Paper money, gold, banking and anything that is valuable.

crime is funded by any number of different financial instruments including credit cards

you can do that with the USD and EUR the same you can do it with bitcoin and other crypto..

It's more easier to hide the funds for crime. But people are the main problem as always.
I think we will get some kind of regulations that will make possible to track down the criminals.

banning bitcoin to finance the crime is not possible, because without the bitcoin the crime can still be paid with real money. if anyone forbids bitcoin because of paying for crime then we must also forbid real money.
in my opinion, it is better to arrest the person committing the crime and in law according to his actions.

I think criminals are using BTC for the crime and it is a very sad news for everyone. but that Bitcoin and other cryptocurrency are used to pay for the crime. If Crime funded by bitcoin but bitcoin can find out who's involved in these crimes and they can punishment for this crime. bitcoin has become a means of payment system all over the world and it is a nice system for payment. we can use bitcoin only for the fair transaction and not for criminal.

Mнe нpaвитcя тaкoe финaнcиpoвaниeBTC, вeдь зa ним пoйдeт финaнcиpoвaниe и co cтopoны aльткoинoв, тoчнee yжe нaчaлocь, тaк чтo этo yжe нacтyпилo и этo paдyeт мeня)  :D

Europol notes in the report cases of the use of digital currency on the websites of the "deep" Internet, devoted to the sexual exploitation of children. The agency warns that the relative anonymity of hidden Internet services, provided by such platforms as Tor, can lead to an increase in crimes of this kind.

Yes, there are a number of criminals who use bitcoin, which is believed to lead to a rise in crime, so many countries ban it. But I don't think so. Bitcoin has little to do with crime.

Even if bitcoins will used in many crimes it cannot affect the price like any other currency for example if someone makes a crime and demand a bunch gold for ramson will the price of gold decrease? I dont think so banning bitcoin is not a solution to stop a crime.

Do you blame doctor for using drugs in performing surgery for their patients? Do you blame knife which being used by mother to cook?

Do not blame the object, blame the subject. With bad intention, you can use good stuff for crime

How is the trafficking of illegal goods, including people on the Internet, going on? Mainly through the TOP browser, which allows Internet users to remain anonymous on the network. The TOP browser uses the technology of onion routing, which allows the use of several proxy servers. When the client's message from the TOR by the browser goes to the network from the computer, it already goes wrapped like a bulb with ciphers, when the first proxy server receives the message, it removes the top layer of the cipher and receives the tracing instructions to the next proxy server, the first proxy does not see the message , since it is wrapped with ciphers and only the last proxy server already sends an open message to the resource to which it was addressed. The technology is actually much more complicated, but briefly, if you did not already know how it works, now you will have a general impression of this browser and you are approximately, now understand why they are used in the criminal world.

Totally agree with you guys. Bitcoin is neither good nor bad. It's just tool and it doesn't have any intent in it. What gotten it into the mixup is when people with dark intentions use it for their own twisted way.

These sites can offer you all the assortment that was described at the beginning of the article. Do you have a legitimate question, why these sites will not be closed by special services? Everything is much more complicated than you think! Modern technology is so far away from the livened intelligence agencies no matter which country, that states, to curb all this illegality will take several decades!

There is a possibility of that happening since bitcoin transaction mostly hides identity of the sender and removes any connection to any crime doer. Bitcoin can be used in both good and bad purposes that may lead to a change in a persons perspective  towards it.

The governments of many countries work effectively to establish total monitoring and control over the movement of money by their citizens and citizens of other states. Public opinion is imposed a stereotype: "If someone is hiding something, then for sure he is a criminal, evades taxes, sponsors terrorism or is involved in other sins."

Normally many people thought the same in the beginning. However the true corruption comes from the big fishes , the goverments. The fact is FIAT money is used much more to fund criminality and for money laundering compared with bitcoin. Although in dark markets usually transactions happen in bitcoin it cannot be compared with the amount of FIAT money used to fund criminality.

In my own opinion, government should not count the crime that came from cryptocurrency because even fiat are being used by bad people if they really intended to do such illegal activities. Bitcoins is just like fiat and it depends on the people if he will going to use the wealth for good or not but they should not ban cryptocurrency since it was helping different peoples lives.

Perhaps I will disappoint you, but bitcoin exists due to crime, which is very interested in it ;D

Exactly! Even fiat is widely used in money laundering not only bitcoin. Dont blame the tool, blame the abuser! Drugs are useful in the hand of a doctor.

Bitcoin is one of the ways to fund crimes, there are a lot of other ways, so I do not think that funding crime is much more easier because of bitcoin.

Just how can you confidently utter something that is not backed up by studies? Yes, you have the freedom to say so but it would just make you look naive in a whole lot of things. Long before Bitcoin came into existence, crimes have been all over the world with the use of traditional fiat currencies, gold, and whatnot. These are all brought up by people who are too determined to proliferate their illegitimate causes. And you see, they made it happen; they made it big.

During the time that Bitcoin was still beginning to make its way to the market, there were already too much crimes going around. Hence, you cannot fault its existence for the numerous crimes that have been causing global issues. It is the people who use, abuse, and overuse who are the real enemies of State governments because regardless of how efficient regulations are in terms of money, they always manage to do a workaround over it.

Truth be told, you may say the existence of Bitcoin enabled criminals to further strengthen their armors, but what else do we do in a world that keeps evolving? Should we stop these inventions or stop our people? Can we ever stop inventions? Can we ever stop our people from doing crimes? Is evolution not good for mankind?
 

On a personal perspective, exploring new horizons specifically on the emerging digital currencies i.e alt coins or cryptocurrencies brought multiple responses. On a positive note, these became the new medium of trading and/or other business transactions. On the other hand, based on your stand point that this became a medium to create crimes and eventually chaos and war amongst the supreme/superiors, I strongly disagree because being anonymous receiver/sender of alt coins also corresponds liability should you do any anomalies and distress amongst other people and I'm pretty sure the authorities have considered this also. I think its more of the timing, because nations became more powerful and their reasons of gaining these wealth and spread animosity is fighting for their rights and their people and use of cryptos and/or alt coins is not the reason. Am I making sense here?

I don't think so because Bitcoin is still relatively safe currency, no one can know the identity of the owner of Bitcoin. But as you know, some well-known exchanges are already asking for verification. there is no place for crime

That's what the government is concerned about a few years ago? bitcoin with no authority and any control would easily fund a crime. let alone anonymous on bitcoin make sender and recipient become unknown identity? the government is trying to ban bitcoin because of it? but bitcoin can not be stop? do you think any a win win solution for this?

The crime through bitcoin I think was the first idea in the deep web. Calculating that there is anonymity in everything, it is perfect for this kind of business.

Exactly, they can't count on the crimes that happened in using bitcoin because the fiats also are often used by the criminals but they can't cut off those criminalities.  Besides, not all the crimes related to bitcoin are because of bitcoin it was the problem of the user anyway if he would used it in a good or in a bad way it was there choice.

I will not be surprised if criminals use bitcoins. But that happens will all payment systems even cash.

It is horrible, but possible.

in terms of misdemeanor, people can buy sex by bitcoin,

Some people might be using bitcoins for crime. They should be traced based on bank transfers they make to exchanges and caught.

Now there is a lot of controversy. How to earn a lot of offers is better to find an experienced person and follow him.

Yes it's true,crimes can easily be funded with bitcoin because with bitcoin you can be easily anonymous.

Bitcoin isn't anonymous at all... And it's hard to cashout big amounts of crypto anonymously.

Bitcoinwiki is the process of verifying transactions by the miners by solving mathematical problems. For their work they receive a reward - bitcoin

do not be the reason for bitcoin funding a crime. Previously before bitcoin emerged there were other currencies, like USD, EURO and gold, do not ever assume that bitcoin is a crime but how we can catch a crime to bitcoin.

One of the reason  behind bitcoin popularity is its anonymous.If criminal are using bitcoin in crime and money laundering, it will be very dangerous for the development and growth of bitcoin.But we can not stop criminal from using bitcoin.

Yes, sometimes bitcoin can be a tool in the hands of criminals.They make extensive use of it in their illegal activities. It is terrorism , the services of prostitutes and contract killers,drug trafficking and corruption.It is known that for example, Ukraine became the first state in the world where voters were paid bribes in bitcoins that they would vote for the "right" candidate. But I still believe that most people use bitcoin for peaceful purposes..

Of course bitcoin didn't create crime, and didn't encourage people to be criminal. Yes, cryptocurrency cryptocurrency gives more opportunities for criminals as it is anonymous

I think bitcoin can also have a positive impact if someone can use it well, not for crime. Because most people who think bitcoin has a negative impact, because he has not really known about the bitcoin and the benefits that can be taken from bitcoin itself so they use bitcoin currency as a means of committing a crime, so here is not the wrong bitcoin but the person

Bitcoin has a good purpose to mankind and it will be in this position if the users are also good individuals. Bitcoin may goes bad if handled by wrongdoers. So I think that these people are the ones who's bad but not bitcoin.

Whether crime can only be funded with bitcoin, and whether fiat money can not fund crime. Come on thinking broadly, bitcoin is just a crypto currency like fiat money in reality.

Crime is always the only thing may become. It always was and always will.. since there are many emb

bitcoin-crime operates according to the same schemes as "traditional", with the only difference being that criminals naively believe that anonymity will save from punishment.

Bitcoin has been around for a long time, and its creators are talented people, with a lot of money being created but now the only Blockchain is protecting multiple currencies, but there is still a lot of risks. Attacked by hackers, besides Bitcoin prices always fluctuate in the market but I do not know the primary cause.

Good speculation. However, this is way too difficult to prove. One can actually say that this is possible. However, clear and convincing evidence is needed to prove your claim.

We can't deny the fact that it is already happening worldwide. Especially, These groups or syndicates that take advantage of the decentralization and anonimity of this industry for their dirty works. The Government can't track such activities, which is favorable to these groups as they can maximize there reach.

The thing is not about bitcoin, it is about criminality itself. Bitcoin is just a tool, it doesn't encourage people to become criminals. It is foolish to blame bitcoin

I have a different thought on this.Bitcoin is one of the best thing happens to this world.It it is very valuable and people can use that technology for lot of things.so it is up to the people who use it.as a example we can use a knife to cut apples or kill a person.like that if you use it for good things you will get positive things.and the opposite of that.may be some people funded to crimes from bitcoin but you forget fiat currencies also use to fund crimes.and before bitcoin born lot of crimes happen in this world that funded by fiat

As bitcoin is managed on blockchain. so it is a bad idea to use it for criminal activities.

That is a news that always manipulates Bitcoin as a bad thing, for everyone who has it, and I really agree with you that before bitcoin, USD / EURO has been a crime from the past, when bitcoin was not there at the time, so if then the government or the police blame Bitcoin as a tool of crime, of course not, all the currency controlled by the holder does not mean we blame the tool, but we have to blame which of course his owner ...

in fact many ways to deal with crime using bitcoin for example the authorities in cooperation with the exchangers if the cooperation is done then it is not difficult to expose the crime with bitcoin, or regulate the use of bitcoin by law

I will be not very happy if this will happen or may be it is already happening right now. No one can't blame bitcoin because it is just money. It is the people that are evil and cryptocurrency is just a tool. It is not its fault that people took advantage and use it for crimes. I think what should the government to focus more is not to harass/ban bitcoin but to watch out the other ends of transactions. If bitcoin is used to pay for illegal firearms, the government should fence their ports for any shipment that will enter their country.

If those individuals were doing such henious crimes or there's a violations of the law, there's a hug problem when it comes to bitcoin as their fundings. However using it as a tool for the crime due to its untransparency behind encrypted transaction so far, I think its time to have it regulated and kyc upon withdrawal is needed to prevent those circumsrances to happen. Implementing strict regulation can ben effective ways on how to track those criminals hiding in cryptocurrency as well as bitcoin as concerned.

I think so. It'll be easier for syndicates to perform malicious acts because of bitcoins anonymity. But it doesn't change the fact that bitcoins are effective in their field. I just hope these crime lords know what's coming for them. They should pay for their crimes.

            Crime funded by Bitcoin is the subject that we hear all time how it can happen if so fiat currency also can be a crime funded currency . Bitcoin is a digital and electronic currency so we can set Bitcoin address in a second because there is no need of identification but Bitcoin, stores all details of  all single transactions in a blockchain and gives all  details about the purchases to each address linked to Bitcoin.

That's not true, bitcoin never funded crime. The irresponsible person has abused bitcoin as a crime, and made bitcoin a scapegoat for the crime. Do not blame the bitcoin for all the internet crimes.

It'll definitely be easier for criminals to do their dark deeds because of how easy it is to get bitcoins and how easy it is to use bitcoins. With its anonymity, they'll get away with most crimes including money laundering. Bitcoins have become dark due to criminals.

Well, its sad so say that it is true. Bitcoin is use for crime activities by bad people.actually the common case is called scamming. This activities steal money to others in illegal way. But in the worst case bitcoin sometimes used in killing people, hired a killer. Maybe you know what i said if you heard about the deepweb.

Funding illegal things is way easier with bitcoins. There are no involve fiat or bank transactions to trace, only with blockchains with private keys. I didnt say it isnt traceable by law but id say its a lot way harder to locate that any form of funding. Just keep in mind also that your wallet that will be used in cashing out fiat stores history of your transactions.

I agree with you, other currencies can be used for crimes in my opinion all depends on each of us such as how to rate

Bitcoin has nothing to do with people being in crime. Criminals will always find a way to carry out their illegal activities and they use bitcoin, or fiat no matter the kind of currency. You cannot blame bitcoin for the actions of people.

Sorry to break this to you criminals, but Bitcoin isn't even close to anonymous. There is an unbroken history between all inputs and outputs spend and received across the blockchain. It doesn't matter how many mixing services or exchanges you dump into, there will always be a link between you and your funds. There are even data aggregation platforms that are literally trying to deconstruct the blockchain transaction history, and link wallets with their real world owners.

Over time, these efforts will become increasingly sophisticated and complete. Bitcoin isn't the anonymous system it was pegged to be, but that doesn't matter as it's still a generational leap over fiat.

Bitcoin and other digital currencies appear to be perfectly adapted for use by organized criminal groups, given that they are quite widely used and provide the necessary level of anonymity.
However, a study conducted by experts of the European Commission on financing options used by organized criminal groups and terrorist groups claims that technological barriers associated with the use of bitcoin and other digital currencies still impede the possibility of wide spread of cryptocurrencies.

I strongly disagree with this that crime is funded by bitcoin. Maybe this is a miss understanding, maybe this is the way around “crime were funded by the use of bitcoin”. We all know that some people are using bitcoin as a way of payment to their illegal transactions like buying prohibited drug, purchasing in black market. Maybe this is why some people think that bitcoin it selves are doing the crime. This must be very clear to each and every one that bitcoin is just been use or just a tool that criminals use and this is not the one who are doing the crime.

Come on your saying before bitcoin there was no crime exists or you mean to say because of bitcoin crime started meaningless.
So we can't rely on that reviews the increase or decrease in the value of bitcoin.

it is true your opinion because bitcoin can be accessed by anyone and anywhere so bitcoin is very vulnerable to crime or fund crime and that is one bad side of bitcoin, so go back to the investors the purpose and what desire they are investing with bitcoin