Bitcoin Forum

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Well, this is possible to happen because most of the nations are now creating and improving their regulations policies to ensure that Bitcoin currency will not be use in illegal activities which is really very effective. KYC alone although a difficult task but its proven effective in which people background can now be identified. I believed this is the reason too on why the demand of Bitcoin and the crypro currency is reducing because some of it are formerly owns by the illegal people.

Until the Bitcoin Community becomes a SAFE HAVEN for all crypto traders. :)

Added to what you have said, the Media also plays a major role in changing the public's opinion which I believe to be a sort of manipulation. The media is powerful and it is against cryptocurrency. We noticed that it also spread negative feedbacks about bitcoin as well as false predictions so people give up on it or be afraid so they would sell their coins and avoid taking risk. It is also noteworthy that big whales are manipulating the price as they want.

I do not know how these studies were done, and how criminal elements were identified? But I totally agree that the rate of bad use has fallen.
I think the main reason for this shift is the encouraging heights 'bitcoin up to 19000" and the positive news "Media effect".

The other thing is how will legislation be prepared for all cryptocurrencies since many of it have been used for dark activities and money laundering? The standards of financial institutions also lose the structure of decentralization.

Even if these numbers are true, It will not has an impact on lawmakers, it just means that "Bitcoin is not bad".

The mainstream media outlets are not against crypto. They absolutely love it with how much interest it generates. The only thing they are doing is adjust their reports based on the sentiment of the market.

Back in the days people by default assumed that Bitcoin was a scam or ponzi scheme, which has drastically shifted with how people are using to find out what Bitcoin really is.

If the mainstream audience starts picking up on Bitcoin positively, the media outlets follow the trend and start hyping it up. It works both ways though. In good or bad times, their only motive is to generate income.

Bitcoiners are too easily triggered into thinking that the entire world is against them. Relax.

Perfect!!!

I hope this can open the eyes of the world and become a cause of widespread acceptance of bitcoin by various countries.

You cant blame the community on how they would think and after all the FUDS and Shills out there you cant really say that you would entire trust the media and as being said they can add up or neither decrease informations if they wanted too. This is why most people when they hear out some news they do already expect negativity against bitcoin or the entire crypto itself. The difference nowadays compared to earliest years into bitcoin is about the decrease of criminality due to the fact regulations is starting to take involvement and users will definitely be alarmed if they tend to do illegal act carelessly.

Your reasoning is not entirely true. The KYC test is purely a preventative measure. She does not fight crime directly. Commands ICO, exchanges and exchangers can not determine who the criminal is and who is not. Simply gather information about persons trading crypto currency. When something happens in the future, law enforcement agencies will be able to use this information in future to reach out to criminals. How often does this happen? No. Therefore, this verification of KYC virtually does not solve anything. At the same time, it is actually a continuous control over financial activities of citizens. Checking KYC does more harm to the rights of citizens than helping to fight crime.

Exactly, I still remember a lot of garbage post early 2017 and portraying bitcoin in a negative way and even Gold fanboy websites is also attacking crypto at every angle. And they quickly shifted the tone when the massive bull run started getting a lot of clicks on them in return and generated a lot of income. LOL. Perhaps the criminals stop using bitcoins when the law enforcement started to clamp down on them and scanning every blockchain transaction for evidence. Most of them might be using privacy coins though, at but least the stigma that bitcoin is being used by criminals have been cleared by authorities, so its a welcoming news.

I have never seen examples of criminals often using bitcoin for criminal purposes. I think they were just fakes. Now, when the popularity of cryptocurrencies has sharply decreased, these fakes do not make sense and they are no longer supported and distributed.

Don't know where have you been and i don't know why you do reach up Sr. member and you didn't able to see those examples since you had mentioned you never seen of examples.
If you do able to see on all negative or illegal usage of bitcoin in the market then you wont say this thing. I wont mention 1 by 1 but you can actually make a research.
Monero would be the best choice when it comes to total anonymity.

I somewhat agree and have to point out that the mainstream media and the average joes also think that you're a criminal when you buy $5 worth of weed. You have done absolutely nothing wrong, but you're a criminal in their opinion. In that regard, we can safely assume that the criminals that's being referred to are mostly people buying drugs to have a good time. The rest of the actual criminal use of Bitcoin is definitely there, but it's negligible.

People don't realize how dangerous it is for criminals to actually use Bitcoin (or basically any other crypto) as means of exchange. The risk of getting ripped off your Bitcoins during a large transaction is greater than the transaction being settled without any problems.

If you learn and study the history of bitcoin it has been used by criminals before.

Read this article it will help you.

Silk Road administrator sentenced, corrupt agent rearrested (http://www.baltimoresun.com/news/maryland/crime/bs-md-ci-silk-road-sentencing-green-20160129-story.html)

This reason really makes sense,
The media isn't like cryptocurrency as a whole, they just try to make an income with every moment who come to cryptocurrency. If cryptocurrency is at the peak of popularity, they will make more news that attracts everyone to jump into cryptocurrency, and otherwise. Most media isn't really neutral on something, I mean they don't just make news about the negatives that are on cryptocurrency but they also have to be able to provide a positive understanding of people about cryptocurrency.

It's reasonable since bitcoin value still volatile until now, more government against cryptocurrency as they are not going to legalize it anymore.

Meanwhile my government still optimistic that cryptocurrency still can be the advantage for our criminal because it can be use for corruptor to cover their transaction track record !

So I searched around for more sources about this, and it seems like this drop in percentage of criminal use is being taken out of context:


The decrease in the percentage of criminal use doesn't mean criminals don't use it anymore, it just means it's being used far more for legitimate purposes.

If nothing else, I guess that implies that adoption is growing, so it's still good news. I do wonder how they're able to determine which transactions are criminal in nature though.

I understand this topic to mean that the good use of bitcoin outweighs the criminal intent because in the past, people who were using bitcoin were doing so to conceal their loots and illicit financial transactions. Of course such illicit transactions still persist and will continue but the number of people using it for better purpose keeps growing. Is just as laws have been made against drug dealing but they are still around the society.

That's how I understand it too. In itself, I find this news good, but for me personally, nothing changes. This has not been a reason for me why I should not use Bitcoin. I did not care about the fact that illegal things can be done with it, because I do not want to know how many illegal things are made with normal fiat money. Fiat money is also used every day for illegal matters worldwide. Nevertheless, I and many other people use it anyway. So i see it as no problem that bitcoin is also used for illegal activities.   8)

One probability of the drop is because they are using other cryptocurrencies based on anonymity like Monero, Zcash, Ripple as tracking the transactions with this altcoins is much harder compared to what we see in the blockchain of BTC. The shift in cryptocurrecy used in crimes is pretty prevalent as already the exchanges in South Korea have delisted the aforementioned cryptocurrencies as per order of their government. The South Korean government has mentioned that millions has already been laundered with these coins and they hope that the delisting will help lessen the attempts made through these coins, however they still are figuring a way on how to stop it completely.

Yes, the world must know that. Many public misunderstandings about the Bitcoin usage by criminals, but this thought is wrong thinking. This thought is caused by many people who think that Bitcoin is anonymous, Actually, Bitcoin is actually the opposite of that, all Bitcoin transactions are transparent and everyone in the world can see the ongoing Bitcoin transactions.

This is good news for Bitcoin's image. Anyone who wants to make anonymous payments has long since switched to Dash or Zcash. Therefore, in such countries as Japan and prohibit these altcoyins.

It is a good thing that even the US Law Enforcement is noticing that crimes related to Bitcoin is decreasing it only means that their regulations towards cryptocurrency is not painted with biased or one sided rule they really just want the safety and security of their citizens and their own nation. Unlike other countries where they obviously do unreasonable regulations that even though they don't ban BTC entirely they are blocking some main points where it will work smoothly in their county. Just like India with the memorandums and prohibitions being issued by their RBI hopefully the SC will side with the cryptocurrencies.

We have another type of crime and criminals that until today are not yet on the police radar, I will give some examples:

LocalBitcoins.com Accused of Stealing Bitcoins, Has Them in Escrow Since May 2015 (https://bitcoinexchangeguide.com/localbitcoins-com-accused-of-stealing-bitcoins-has-them-in-escrow-since-may-2015/)

HITBTC Scam, it took all my money (https://bitcointalk.org/index.php?topic=3689030.0)


Explanations of pure scam: 65,000 USD stolen by HitBTC (https://bitcointalk.org/index.php?topic=3251481.0)

YOBIT Scam Exchange (https://bitcointalk.org/index.php?topic=4327871.0)

Yobit Scam withholding 10BTC (https://bitcointalk.org/index.php?topic=2718718.0)

I am concerned about what you are experiencing, but with the news that crime rates are reduced, about BTC is a good thing, maybe police officers need to be tighter about the rules of bitcoin transactions so they can monitor and easily find evidence of transaction fraud.

it is true that criminals in developed countries like America are declining in the storage of the proceeds of their crimes using bitcoin, but such circumstances may not occur in a country where the financial system is not as advanced as America, for example third world countries, where many criminals keep their funds in cryptocurrency, because of the weak law enforcement monitoring system in this country

therefore there are still many countries that have not supported the bitcoin currency, because there are still many financial frauds.

Privacy coins are taking the attention of the criminals but then when the media cover a story, the only cryptocurrency they would mention most of the time is bitcoin. If it is about an investment scheme then they would immediately say "bitcoin scam" that's why people always assume that bitcoin is the scam itself.


I don't think that they can completely prevent it though because people will always have a way to achieve what they wanted. You're right that the criminals shifted their attention more to privacy coins as bitcoin is not that anonymous compared to the coins you mentioned that's why it is not the choice of most criminals anymore. But then every time there is a news, bitcoin is still the one being pointed out as used by criminals because many people only knew bitcoin and thought that it's the only cryptocurrency existing.

Even criminals wanted something stable too. This only happened because they can't rely too much on bitcoin with it's fluctuating prices that affects whatever their business is. I know they'll go back again once btc makes noises and become the main topic of financial news.

They actually still do use Bitcoin because of the privacy coins' lack of liquidity:


They probably don't use Bitcoin as much for actual payments on goods, but they definitely still use it as a gateway to fiat. It's only going to get harder as regulators start clamping down though.

Exactly. The main factor behind this curbing of criminal use is the regulatory movements that we've been seeing. Everyone hates KYC but in the end it helps to make the crypto community more trustworthy overall. There were too many dirty associations with Bitcoin and criminals in the past that we need to have clear image. When there aren't criminal associations, regular investors will see it as less of a risk.

I don't think that we can completely eliminate criminal use but can at least keep a limit on it. They will always find a way to use it without validation.

The time comes for legal recognition of this currency by many states. This kind of Internet money will have to come out of the shadows and obey the legal terms of circulation.

okay, maybe you think crime has drastically reduced. How to deal with people who do free trade such as sex, drugs, illegal weapons, and funding an illegal community like ISIS. Isn't that a crime that must be eradicated?

Well at my country still become the favorite or may be the favorite currency especially for corruptor !
That's why my government still forbid cryptocurrency until now. Of course every government have their own policy against the problem they against with cryptocurrency !

It is not in my opinion that non-legal work was done when bitcoin did not happen even then it may be a thought but this is not true. Yes, one thing must be transparency and every act should be done only by the law.

Most of these people don't use cryptocurrencies. Cash was and still is the most popular payment in the criminal underworld. You can't do anything about it and you won't be able to do anything about people who exchange cryptocurrency for cash or pay with it in person for illegal goods.
That said, I wouldn't add sex into the mix. In most countries prostitution is legal and I believe that it should be legal. If a girl wants to make money this way it's her choice, especially that no harm is being done.

I don't think crime must be erradicated through bitcoin, because it has an independent body that will be used for independent spending. The decentralized currency isn't a preference of these criminals and terrorists like as you said ISIS, due to traceability of blockchain transparency. Those unrightful acts of these people who had illegal and devious acts couldn't do at their freedom, because bitcoin cannot be into cash form if not being deposited to the bank or any money transfers establishments, like western union.

I am amazed at the strict steps of American law enforcement, they can detect the movement of money due to the crime of using bitcoin, all because it is supported by advanced technology, unfortunately that case does not happen in our country, criminals are still comfortable storing bad money in the form of bitcoin currency, maybe law enforcement have not been serious about tracking their illicit money, the government should have begun to emulate American steps,

It has always been a myth that has misled the mainstream way too much over the past few years, which is probably one of the major reasons why adoption has not picked up as much as it could have been as it seems like a lot of people have this distorted image of bitcoin, coloured by mainstream media, as some sort of criminal currency.

The fact is that criminal activity will always be carried out on a particular currency or payment gateway, regardless of what it is. Even government issued fiat is used for criminal activity. But is it the government's fault? Absolutely not. Currencies themselves do not make criminals criminals.

Besides, I'd say that the majority of bitcoin transactions are completely legal and law abiding ever since the bull market of 2013. Regulations are probably stricter here than any other field, and the volume generated via speculation (even though it's not really that positive, but legal) is far greater than the unlawful use of BTC.

This is good news, as most countries do not accept bitcoins for this reason.

Maybes its not just the price of bitcoi, I believe they don’t care much about the value since criminals can make easy money buy maybe because of the strong regulations are now out in some places. Remember that cryptocurrency is a decetralized market and crimina wants to remain anonymous but since regulations are coming maybe they are going to exit in the market slowly.

We know the technology behind tracking online criminals are more likely be available and can only be found in a first world country like the United States of America.. And with such assurance of decline in an activity negatively using bitcoin currency the more we appreciate it..

I will and most might consider this a success to strengthen the popularity of cryptocurrency,, but it isn’t enough and the fight are still ON..

We as the enthusiastic member of this community must do our share to report or help in cleaning the virtual world..

Recent studies conducted by the relevant structures of the European Union have also confirmed that bitcoin is used for illicit purposes in only 0.67 percent of cases. Less than one percent, it's practically nothing. Therefore, you do not need to attack bitcoin in this regard. True, the European Union is developing a number of measures that will put an end to anonymity when using crypto currency when entering exchanges and exchangers.

Actually no. You'd be really surprised at just how far behind some other countries the US is lagging when it comes to blockchain analytics. We know the big firms out there have been those like Chainalysis, but Interpol had already been tracking and shutting down dark markets years ago. Sure, the FBI had their parts to play, but it's actually their allies who've been supplying the tech.

So yeah, it's been years since criminals realised Bitcoin's anything but a safe haven for them.

Well, there's a lot of coins out there that any criminals could be use as a source of any transactions. Bitcoin is not their only best choice, it happens that there are more viable coins than bitcoin for them. No matter what the government do, people from the other side will always make their way for all of their deeds.

good news for all of us who at first all feel anxious about the security of bitcoin, after getting this information we are obliged to share it with everyone in order to know that bitcoin is now safe, the crime rate has decreased from the previous year that means a lot of changes and developments of bitcoin because ibi it is already natural and should be so that those who are out there feel satisfied.

it is only natural that to make people feel safe and peaceful does not feel restless or upset, the improvement of bitcoin security has begun to be tightened as seen from the decline in fraud and so on already means that the method used is successful, just look at what will be done so that it is more convincing that bitcoin is really safe.

Very good news, this can happen if the government participates in controlling bitcoin in its use by the public, because the thing that some countries fear is criminal acts like this, maybe if some countries know they might follow...

Controlling bitcoin? I don't think so why you have said controlling bitcoin since it is decentralized I know you couldn't if your thought is having a regulation that is not right. But that is not directly to the bitcoin they regulate those users in bitcoin probably that's the reason why the illegal users of bitcoin have less and did not have a transaction for criminalities activity. Criminal use has declined due to bitcoin have a transparency transaction that easy to track.

I guess these transparency will lead us soon to a generalized global regulation for Bitcoin and other cryptocurrencies. From Bitcoin and ICO banning, to regulating, and KYC verification. Government will never stop until they wont have full control of cryptocurrency. These criminals are slowly walking away from the "safe heaven" they considered, as not too soon they will all be compromised.

This shows how effective is the regulation is in which it reduced the chances of Bitcoin to be use in illegal activities. Although the market investors was also reduced because probably there are lot of illegal people are investing in Bitcoin before just for their illegal means but this is better as Bitcoin and the whole Crypto currency market are now more cleaned and more safe for an investment.

Can regulation be generalized to all users? I think the rules that will be made do not mean that all users must obey and follow the rules, bitcoin will remain anonymous and decentralized, no one will be able to intervene in this system, and crimanals will still be able to use bitcoin..

I support them to keep going hard against crypto currencies. Not because of criminals and whatnot, but purely because of how it stimulates people to ditch centralized services and strictly use crypto as peer to peer medium of exchange. China has been a perfect example of how their anti crypto sanctions fueled the decentralized economies there. Try to stop these people. It's next to impossible.

No need to exaggerate. Criminals are creative enough to figure out an alternative route and thus always be a couple of steps ahead of the rest. Just like how regular people are slowly taking distance from centralized services, so have criminals too, but then in a more serious form. As long as none of their coins gets converted to fiat, there is pretty much no risk to it, and this to some extent also applies to XMR.

But still ISIS can used crypto to channel funds globally and its hard to trace them specially going to a wallet with no names associated to it. They can even try to used privacy coins to check how well their "privacy" can be protected and traceability is going to be difficult to authorities. I think criminals are also getting smarter, maybe most of them are still using bitcoins to move funds around, but they are now very careful what wallet it go and how they can properly convert it to cash.

For a long time, the government has feared criminal acts against bitcoin, but with new regulations and government linkages to bitcoin, criminal acts on bitcoin are decreasing and this is good news if the government participates in regulating bitcoin

the game in the world of commerce is indeed full of tricks, for the big players to go up the price drop is very influential for their profits so the price movements are strongly influenced by the situation that is happening in this world. there are still many parties in business that still use social media in playing with the emotions of market participants, so we must understand it and always confirm the news that is not clear to the truth.

Good study though. Went through the news given in the link. Bitcoin transactions were reduced by criminals due to heavy security of blockchain? Or Criminals do have support of normal people waging them to do transactions from their ids? Then what really made criminals stop their transactions? I dont think criminals have stopped their actions. I would say, they have found another way of dealing with crypto currencies? Need to have a deeper studies on it?

It has become much more difficult to dig through to the purses, cryptography does everything possible so that more people trust.

Its because unlike the before, the system is more decentralized. There are a lot of circumstances happen that the government and system adopts in it. It includes asking of KYC for ICOs and investors and also with the exchanges used to encash or buy coins. Crypto is decentralized but the system around it isnt.

Crypto is a currency, criminals are humans. Money is used by everyone here on earth. This can be a criminal or can be a honest person, fiat or crypto coins can be used by any. If criminals can not use crypto currencies, what would you say to money launders. Crypto platform has been the most supportive platform for all who convert black money into white money. So this is upto an individuals to use the money.  

but now many countries try to legalize bitcoin even adopt it, and when that happens bitcoin is getting safer and not an option for thieves because there are already those who regulate it and protect it that country.

Bitcoin is a technology that is very capable of helping regulate finance, bitcoin is not for criminals but bitcoin is for everyone who wants to change their financial situation for the better.

Can the government convince that money fiat isn't to be used for illegal transactions? If this is used as an excuse for the government, I guess the government must read all the components about bitcoin, because when compared with money fiat, bitcoin which should be chosen as a secure payment system even can reduce illegal transactions in their country.

A new study recently conducted in the European Union showed that bitcoin is used with an illegal target in just 0.67 percent of cases. That is, the whole problem with the illegal use of bitcoin is in fact far-fetched. For various illegal purposes, coins with a higher degree of anonymity are used, such as Monero, ZCash and others. Bitcoin is only relatively anonymous.

Government are afraid of this thing, because they cannot collect taxes from their people and if this thing continues, government will be dead. People are tend to use bitcoin to escape paying taxes, and also people are just want to make good money through bitcoin. Criminals will always find ways to do their business as usual, government can't stop them for sure.

And this problem was far-fetched and contrived right from the start. Satoshi himself never considered Bitcoin anonymous and untraceable as he uses the term “anonymous” only in reference to public keys in his WP. In fact, the Bitcoin blockchain, the so-called "public ledger", is a perfect tool for forensic analysis. First Bitcoin users like those unbanked from Silk Road and other similar DarkWeb markets may have been too optimistic in this regard and got caught in the end when their transactions had been properly analyzed and scrutinized. And I don't think other coins are totally safe either

As only time will tell if they are truly secure and anonymous in practice

ah the good old  fallacy - bitcoin is not and has never been the choice of criminals
this is similar to saying that chainsaws is the weapon of choice of murderers, just because we see it in horror movies
and there are people killed by it every year, but it doesn't mean that in the grand scheme of things it is in any ways the weapon of choice
same goes with bitcoins -the numbers pale in comparison to fiat when we speak about crime, it is less than a drop in the ocean figureswise
some links:
https://www.ccn.com/terrorists-and-criminals-are-rarely-using-bitcoin-or-ethereum-eu-study-finds/
https://bitcoinist.com/bitcoin-not-good-crime/

Bitcoin is the new kid on the block, so it has to be the one that's catching all the trash talk from bitter and skeptical human beings.

I have had numerous discussions to convince people around me that money (whether it's Bitcoin or fiat or Gold) is only a tool and for that reason should never be blamed. Instead, blame abusers, and for instance, governments are the worst ever abusers of money where they use it to fund wars and whatnot. It's a counter argument that's strong enough to convince even some of the most brainwashed average joes.

Another thing is that crime is a very subjective term that's different for each person. Most average joes consider buying and selling weed to be a crime. They consider smoking weed to be a crime. They consider tax evasion to be a crime. I don't consider any of these to be a crime at all. If we take that into account, the actual criminal use (the heavy shit that's bad for real) is negligible. People need to grow a thicker skin and not instantly label others as criminal.

Yeah that's what we have to admit that crypto is indeed the right place to money laundering from their corruption because crypto has an anonymous nature which makes all identities undercover, I think there will still be illegal transactions spinning in crypto, we can't hold it back

Really? Confirmed?
 ???

I do even believe that those criminals are truly aware that bitcoin isn't really anonymous on the very first place no matter how they do trust up this coin on earlier days or years since they don't really have any choice which one to use on that time except fiat itself they do know the difference so they do make use of it which its really inevitable but the years goes by if we do really clearly look and investigate I don't know why people do really say about anonymity yet all transactions can be seen on public ledger.

I see your point, and it may well be the case

With that said though, I can't agree that they didn't have a choice, at least not in the sense you mean, and yes, I understand what you mean. While Bitcoin is not anonymous "out of the box", you can still heavily obfuscate its usage and massively impede tracing down transactions to their real sources. Although there were no Bitcoin mixers back then (as far as I know), you could still achieve pretty much the same effect manually. The bottom line is that if those Silk Road criminals knew what had been awaiting them, I think they would have avoided the consequences of their negligence in questions of safety and security, if not fully but still enough to get away mostly unscathed

in a country that has a lot of corruptors, the ownership of bitcoin is a priority scale in the supervision of law enforcement, for now it is not an option to save money in the form of bitcoin, maybe in the future there will be certain regulations for businesses not to abuse the convenience of the currency features krypto, to do business that violates the law.

Why do you think it is not an option?

In corrupted countries even the corrupted will be using means of evading law enforcement (which is also corrupted, by definition), and in this department Bitcoin feels pretty good when compared to keeping naked fiat. Yes, it is volatile (but things may have changed already), but unlike gold (another option), it is not such pain in the ass and doesn't take a lot to hide it almost without trace. In fact, Bitcoin is totally legit (I mean justified) for saving, especially if your goal is actually to save your wealth, not to multiply it, and you are ready to pay a certain fee or percentage for that. Here I mean what you may have to pay for hedging against volatility. On the other hand, you can employ volatility to your advantage if you choose so, and then you won't have to pay anything and can even earn a little

Every currency can be used in some criminals activities, in cryptocurrency form or in fiat because we don't have control over it criminal mind is always look for an opportunity to do illegal activities all form currency js no exception,so don't be bother with  this issue.because money is a source of evil.

criminals transact using bitcoin is a stupid thing, because every transaction is recorded on the blockchain, it becomes very transparent, do criminals want to do something like that? using an issue like this might only aim to block the rate of bitcoin and to drop the value of bitcoin, but we can see the rate of bitcoin where it can't be blocked, let alone stop,

If the government can control crypto users then there will be no more criminals and illegal transactions in cryptocurrecy but of course that will eliminate the decentralization in crypto right? first it will be difficult to do because in what way does crypto be centralized? secondly if decentralization can be lost, the user will be less interested

The problem may be in every country starting to implement a strict regulatory system, and with blockchain systems it is easier for law enforcement agencies to track the flow of crime funds that flow where and will make it harder for criminals to hide money from their crimes, because blockchain records the movement of bitcoin anywhere in the world, this is why crime is difficult to use bitcoin.

I hope this can be a start for bitcoin to be accepted and many people can start to learn and believe that crypto currency is more efficient and simpler to be use.

And then every now and then we get idiots given undue prominence for their research. Financial analysts they may be, but to use the really tired thread of Bitcoin = crime: http://www.atimes.com/article/north-korea-succesfully-using-cryptos-to-evade-us-sanctions/

Here's the quote from the latest experts to surface: “International criminals everywhere prefer crypto-currencies and the DPRK is no exception."

Since when did getting around the restrictions of bullies become a crime anyway? You starve a nation, cut it off from the rest of the world and impose impossible rules on them, you expect them to just sit still and smile? If there are any monsters, they were created by this systematic dehumanisation of countries like these..

KYC norms however strictly implemented cannot eliminate the dark use of bitcoin absolutely from the scene. Criminals everywhere may find a way out to give fuel to their selfish motives. In fact, criminals lately have been using the crypto market in abundance of their transactions because no responsibility can be fixed here and it is easy to escape from the responsibilities.

Well as the facts n figures suggest that the use of the bitcoin on this side has considerably declined, then it is surely a positive kick start to a better crypto world. Let's just hope the situations stay well in control!

many countries are starting to collect data on bitcoin ownership, and many law enforcers have begun to validate blockchain by following all records that record each transaction up to the first transaction of satosi nakamoto the creator of bitcoin, so the perpetrators will certainly think again if they want to hide their money in bitcoin , and they will also think that transacting through bitcoin is very transparent, so how can bitcoin be the choice of criminals? ... unless a stupid villain ... ;D

Bitcoin transactions can be traced but if we don't know the address of the user then it may be impossible to identify the users,I am not saying that bitcoin is used by criminals only but still it can be the choice of the people who want to make crimes like the hackers who want the payments in bitcoin for the ransomware attack and it will be hard to trace them once they got the bitcoins.

Many countries allowed their people to use bitcoin with some rules and regulations. This is to avoid illegal activities of using bitcoin. I would say, I it's one of the best platforms to convert the black money into white money. This leads to another criminal activities.

Yes this is true that most of the bad guys are avoiding the use of Bitcoin in their self interest agendas but some time i wonder if this is will favor us or not because we all knows that these bad guys are Bitcoin holders before in which they help to increase the real demand of this investment but just in illegal ways.

This is one of the reasons why some governments are imposing regulations on cryptocurrency exchanges because some lawless elements particularly in the online world are using bitcoins in their illegal activities. With the intensified monitoring and tracking by authorities that involves in anti cyber crime operation, many cyber crimes can be prevented successfully. Some FUDsters have been spreading fake news on the use of bitcoin by some criminals to make bitcoin as a bad cryptocurrency.

I would say IT IS one of main platform for criminals to have transactions. Criminals are just hiding. Now they are educated and found routes to have decent steal like hacking. It's hard to stop them. Not where money is much circulated, there criminals be there to do their job religiously. No surprise though.

Darkweb is the place where most of the bitcoin transactions taken place,we need to agree that but the governments intention of regulating the crypto currencies just to make revenues that's all they are not interested in preventing those criminals because 10 years back they have full control over the money but did any country have crime free? So governments can't control the criminals because of the corruption.

Then do you think every government should ban their people from using bitcoin? lol. it is not a solution but a government dictatorship
and failure to seek mutual benefits, in my opinion there is a middle ground to this, namely regulation..