Bitcoin Forum

We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.

Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.

so, terrorist groups that use bitcoin are only low level transactions.

Exactly.  Banks launder money for drug cartels, crime syndicates and terrorists all the time, but funnily enough people still use banks.  It's human nature.  They don't care how much corruption there is, they just want to stick with what they know.  It seems like there's only a "problem" when it's something new that people don't understand yet.  As adoption grows and people start to actually learn something about Bitcoin, they will eventually realise that Bitcoin is less useful for money laundering than cash is.

The rumours about crypto being used for terrorist funding, is just baseless rumour to make bitcoin publicity become bad, bitcoin is still not too efficient to be used to buy things compare to the fiat, there are more people using fiat to do crime than crypto, but the government want to make crypto looks bad

this is what i dont get about between crypto, banks and criminals, when both cryptos and banks are being both used by most criminals.

They can only make unpleasant rumors and this really makes news that should not happen. The bank is still a good trust, and will continue to be a safe depository. Crypto is an investment tool besides money in the bank, crypto provides good benefits if it is able to manage and use.

But we don't know the truth because when someone uses bitcoin for the transaction, we don't know who they are and what the purposes of the transaction. I hope people very smart when they make a transaction and sending bitcoin to the other wallet owner. They don't use bitcoin for any illegal activities, and they only use bitcoin for the legal thing so bitcoin will be known as for a good thing although we cannot deny that there are people who are using bitcoin for the illegal thing.

I also heard about using cryptocurrency by terrorists. If someone wants to use the bank and crypto for the transaction for the illegal purpose it doesn't mean the media is responsible for that. In fact, I think it's all about bad publicity to the people for making down crypto. If something does well some heinous love to spread the rumor about that.

it is funny that whenever it comes to usage, adoption,... as a currency people start resisting to accept bitcoin is a currency and  they always talk about how it can not be used as such and claim it is only an investment. but when it comes to illegal usages such as money laundering, buying drugs,... they seem to have an easier time believing bitcoin is a currency there rather than an investment that is not accepted anywhere (according to them)!

Standard propaganda adjusted for the modern age. Nothing new.

Both crypto and fiat currency are dead objects.  Good or bad use depends upon users only.  All this depends upon the intentions ; honesty of the people using currency. 
If it is used by smuggler definitely it will be bad usage but if some charity hospital ; school using it ; it will be good usage. 
We can not guarantee the intentions of the  users. 
So both can be and are being used for all the purposes.

the bank print money through bonds so bank has no difference with terrorist but they do it in legal ways, you see the actual physical fiat currencies is lower compared to digital money created from loans and debt.

I am actually not so sure if terrorist funding is carried out with transactions using bitcoin, because the high volatility in the price of bitcoin will affect their funding. so they must choose another way to conduct financial transactions

Bitcoin is not the tool of the terrorist and banks are the good financial institution so here the thing is clear that bitcoin is money and we can use this as we use normal money but in some countries except European where people used to it and developing countries will take time for the bitcoin and crypto users and it is very easy to come to the crypto world and buy crypto while you can become a good trader too.

Negativity as well as negative news always makes the round in the news.
I see no connection between the bitcoin and terrorists/terrorism
Even if the bitcoin is being used to pay terrorists,we can have no control over that,as the system is free and open to everyone at anytime

Why don't they talk about the millions of counterfeit USD circulated worldwide,despite all their anti counterfeiting measures
Or talk about as far back as World War II,when it was so easy for the Nazis to forge the British pounds/USD

How they know about the funding used by terrorists, while terrorists are very clever and cunning, they are experts at hiding secrets. This is one of the decreasing prices of crypto markets and government fears like that.

Of course bitcoin is not anonymous, so I don't know why terrorist would used it anyways. Fiat is still the King is terms of terrorist funding so I'm glad that IOCTA has debunked the so called "bitcoin is being used for illegal activity".

We don't know any evidences for that matters transaction through banks with high amount to fund the terrorist is very risky and very obvious (for me) for what i've known satoshi nakamoto is a USA CIA Agent (for what i've read) and maybe the true goal of the bitcoin is to make every transaction anonymous.

And bitcoin was used in order to avoid being tracked by the goverment, isn't? All of this are according to my own opinion and persception.

There is absolutely no evidence that Bitcoin was ever used to fund terrorism, this is just being used as a "smoke screen" excuse by governments to scare people. They have used the terrorism excuse before to enforce privacy infringements rules and regulations to spy on innocent individuals. <The general public>  >:(

Most of the stuff you see are fiction in movies and news media looking for some "clickbait" attention and this is not backed by any facts.  >:(

I do think what they say is true.
Terrorist wont use something without physical attributes. They all prefer cash, specially USD which is the most popular of all.
It is like every arms manufacturer or bomb creator will prefer it that way since it can easily be exchanged to their own currencies.

It wont be bitcoin. They might not even know about it.

I think that we could actually pretty much know why people are transacting and how much money is
Involved in every transaction mate, with every transaction if you will, there is a price, date and also
Sets of addresses linking them with each other no matter the amount. I can tell you that transacting
With Bitcoin to transfer money is a very difficult task for everyone, you first need a buyer to give you
What you need or want for your coins, then you have a few limited options to deal with, you could either
Do the trade in an exchange and have everything on the record and not just your information but all the
Information of the buyer such as bank accounts, names and addresses and a link to their real life identities.
Or you could set up a meeting with the buyer and have cash to coin transaction which is not something
That any terrorist would want to do, a terrorist would never want to do any of those things because just
Having your money delivered to you through shell companies is better than having everything out in the
Open for the world to see and know about. if you are a terrorist you must be smart and know that selling
Bitcoin is more difficult than it looks like, selling Bitcoin is not as easy as anyone thinks it is, people don't
Go and decide to buy Bitcoins on a daily basis, nobody actually sells Bitcoins in bulk or buys Bitcoins in
Bulk, not to mention that terrorists are not independent from governments, most of the governments around the world support terrorists groups in a sense, having other governments to know that you are
Helping terrorists is not a thing for them. that's what going to happen if you decide to fund terrorists with
Bitcoin, all the government agencies would realize sooner or later that you are helping them because
Most of the exchanges are regulated.
Unless terrorists love to suddenly lose a large amount of money over a short period of time, I can see
No reason as to why a terrorist group would want to have investment on something as volatile as Bitcoin.
Saying that terrorists might not know about Bitcoin is rather being naive mate, of course they know about it.
What I believe is that most of them have Bitcoins and know everything there is about the technology like
Block chain, I'm even convinced they are investing vast amounts of resources into these new technologies. frankly if these terrorist groups are not in to Bitcoin and other exotic new technologies
I'd be surprised because no ordinary people become known as terrorists, they mostly have great ideas
About everything, they just don't know how to put them in good use in a way that everyone in the world
Could use and benefit from their ideas.

What you are telling is the real fact but only 10 to 20% of the public knew about it, what we are seeing in movies are 50% true facts taken by real life, Bitcoin was started for for the benefit of society but when government got to know about it they got feared as it will kill the all ill facts of financial scams. So to stop it they are doing this so that public should be feared to use bitcoin. Even then now most of the public are favouring Bitcoin and its technology and big country like Japan and other country have started to opt it and legalised it so that it can be used in secure way.

every method, certainly has its own advantages and disadvantages, if there are indeed a handful of truly honest people, and he can combine blockchain technology and banking, maybe this world system will change
new innovations will emerge where terrorists will not be able to pay using crypto again
there will be no more corruption, there will be no fraud and fraudulent funds again

people can connect bitcoin always with criminals in every currency there are the criminals, not in bitcoin, start from the banks, paper currency, bitcoin, paypal, creditcard, debitcard and anything, they have their own crinimals

they only use bitcoin so their transaction not tracked, and it is not only about terrorist, but other bad people use it too. And for low level transaction, don't forget there is no limitation in bitcoin transaction and it not regulated.

Anyone who is engaged in illegal activities, probably has its well-established and proven channels for the passage of money. Cryptocurrency is still a relatively new phenomenon and many criminals do not trust it. They use proven methods, including transferring money through offshore zones. It is more reliable. Cryptocurrency still needs to be able to use and no one can give any guarantee. But often the amount used is large.

This is very true you can't expect terroists to adopt bitcoins when most of them don't even know how to use internet, plus where will they spend such big amounts without getting noticed, they have and always have preferred banks. This rhetoric of terrorists using bitcoins was spread by banks to clamp down the adoption of bitcoins, but they have failed spectacularly, because now people are adopting bitcoins and soon its adoption rate shall grow.

It's really sad if anyone thinks so about crypto, terrorists do have their own place with funds but it's not possible with crypto. The bank is still used by customers but I don't think it is for money laundering, crypto is safe and decentralized but this is a future investment.

Your assertion is very correct as terrorist prefer hard earn cash than digital currencies. The rumour was just develop bad use in the minds of investors about Bitcoin but we know better now.

The bitcoin and cryptocurrency could use in very bad ways too you right lke terrorism, kidnapping etc. But when the big ammount of money comes to the table the banks would arrive there, they can clean any ammount of money with large commisions, everyone knows that. So the crypto is not using for big crimes, only small ones.

I doubt that, because the unstable crypto value makes an exception especially for disbursing when withdrawing on a bank account, of course it will be a question if you withdraw big funds.
and in my opinion it's just a rumor that just wants to damage the bitcoin image.

Nowadays it is listened that terrorists are using crypto platform for their payment to spread terror in the world. This is the big issues in the global that why most of the countries are not legalised the cryptocurrency.

I beleive it's so. Despite bigger anonimity compared with fiat money that cryptocurrencies offer to terrorists they are not so willing to use them to finance their dirty activities. I think because of cryptocurrencies characteristics it's complicated to use them and they are not so spread and available for use.
I think this is good because the last thing that Bitcoin and other cryptocurrencies need is tight connection to terrorism. Even without that many people still have bad opinion about cryptocurrencies.

Terrorist are human beings and must you a system of transaction or payment be it cryptocurrency or bank transactions either way there have to carry out transactions. The real issue here is not to be critical or blame any system rather let's apprehend this guys

Every great things could be used to do a bad thing.
It depends on the users it self, even banks are can used also for crime.

people can use bitcoin for the wrong work but we can't say that bitcoin is wrong, so everything depends on the user.

Banks are the biggest crooks (apart from governments), unfortunately until bitcoin or some other crypto comes along that everyone can use and easily understand we are rather stuck with them. A solution could be a card or app (like apple pay) that could work with a modified card payment terminal, thus eliminating banks as bitcoin transactions could be of the pre-loaded card.

I do not quite understand how terrorists use bitcoin and the blockchain system. Terrorism flourished in the 90s, when the Internet was just emerging, and about electronic currencies and all sorts of blockchains there was not even thought of anyone. As has been said more than once - bitcoin is a tool that falling into the hands of a good man becomes valuable, and falling into the hands of a scoundrel becomes a weapon.

Seriously, about terrorists who are using bitcoin for their transactions I rarely here them but about illegal transactions well they aren't new to the community. But why people are keep on pushing this idea until now if bitcoin has been created several years ago.

Yes, they are using it but why forget that there is cash and that's the usual method now that they have been using. If you have read some conspiracies that their funds are even coming from those people who are wearing formal attires and sits on local office who don't know what bitcoin is.

The involvement of cryptocurrency in terrorism financing is not as rampant as we are often made to believe. As a matter of fact, I read it that cash is still the most prominent means for financing terrorism. So cryptocurrency may only assume a negligible portion.

BTCBTCBTCBTCBTCBTC

I hope people very smart when they make a transaction and sending bitcoin to the other wallet owner. They don't use bitcoin for any illegal activities, and they only use bitcoin for the legal thing so bitcoin will be known as for a good thing although we cannot deny that there are people who are using bitcoin for the illegal thing.

BTCBTCBTCBTCBTCBTC

Bitcoin is a digital currency that can be used as a mode of payment by anyone from any field of endeavour, there is no restriction to who can use bitcoin for transaction. Bitcoin can be use for legal or illegal financial transaction just like our traditional fiat currency are also use. Let us magnify the advantages of bitcoin instead of magnifying the disadvantages.

Many opinions state that bitcoin is one of terrorist funding. but actually the funds are very traceable. they just don't understand the system of blockchain work and say it can't be traced. especially banks do not like the existence of bitcoin and blockchain that exist today

This is true. Why is the blame only goes to bitcoin, when in fact it is really bank amd cryptocurrency being used. We can say that those people behind it find someone to blame on the things that happen. I can say that there are more people uses cryptocurrency and bitcoin for good intentions.

Terrorists even more often use fiat money to finance their dark deeds. Is it because of this that someone thinks to cancel ordinary money? Cryptocurrencies are a much better tool in dealing with illegal operations for tracking transactions and electronic traces of illegal activities.

Those this might be possible why because every transaction carried out on bitcoin blockchain is untraceable, so who knows some transactions are meant and are from the terrorists. But if it's through the bank, a lots of verification and investigations will be done and proofed but in blockchain, it's impossible because it's anonymous.

Exactly. where does everyone who write here know how terrorists behave and what financial instruments they use? Banks have very complicated checks on terrorism, all banking transactions are easy to track. A crypto currency, though unpopular, is enough for one person versed in a blockchain to manage the funds of terrorists and for terrorists. And taxes do not need to pay

All addresses on the blockchain are anonymous. You don't know who is sending money to someone, you can only see the address numbers. And from the address, fraudsters may not withdraw bitcoins until better times. So it's more convenient to cheat with cryptocurrency than with fiat.

although bitcoin is often associated with terrorists but this cannot change the potential of bitcoin that will grow high. terrorists will not be able to use bitcoin for anything directly they only use as an intermediary to get money, and then they stay connected to the bank to get money.

The blockchain is in the form of a ledger that everyone can track transactions starting from the source, recipient and the difference that runs in the blockchaian chain. whether terrorism will use this method for transactions and distribution of their funds, the answer is no. terrorists will not touch crypto and bitcoin because they will be easily tracked and captured

It depends which blockchain you're referring to.  There's a small but crucial difference between anonymous and pseudonymous.  Bitcoin is not anonymous.  You need to make a conscious effort to maintain privacy if that's a concern for you.  Cash, on the other hand, is anonymous.  Bitcoin is far easier to trace than physical cash is.  If you're a criminal and you think Bitcoin is safer than cash to do something illegal, then you're clearly not a very good criminal.  

The only advantage Bitcoin has in criminal activity is its portability over large distances.  It's easier to move than cash is.  But it's also easier to get caught because you will leave a trail that the authorities can follow.

There are certainly some privacy-oriented blockchains that may prove safer for criminal activity, but that's a discussion for the Altcoins board.

Banks are the ones with the bad intentions.  They want to sit there getting rich off the fact that they can print money from nothing and then lend it at interest, all whilst speculating on derivatives.  Any decent cryptocurrency is neutral and impartial by design.  That's why banks don't like it, there's no profit in it for them.  They're a middleman in a world where we're cutting out the middleman.  They're the ones who need to adjust.  Not us.

Bitcoin being used in illegal activities is not something new. Some of the people in the dark web use bitcoin as a payment instead of fiat money since it is harder to track bitcoin transactions. I wouldn't be surprised if Bitcoin is used in terrorist funding. Making the money untraceable.

actually it was only old news, because certain people said that he was a terrorist and he said that he used bitcoin for their transactions, I don't know this is just bad framing for bitcoin and classified as a hoax, or actually really happened, because actually nobody can make sure its true or not? because every user is anonymous right?

There are some chances that bitcoin can be used for terrorists funding, in most of the cases people exchange bitcoins to local currency thr local bank transactions and in that case there are least chances of getting it misused as bank accounts are opened after proper KYC, in few cases bitcoins can be exchanges for cash in local currency but that is not the secure way so genuine trader do not follow that path, also with this method  big transactions can not be carried out, aside to this let me remind that terrorist used to have other ways of transferring money before bitcoin existence.

I don't see any reason they should be comparing Bitcoin to be a payment mode for terrorist and I only see it has a beef to cryptocurrency , though cryptocurrency is very anonymous and fiat is also used to make payment in terrorist way , so we only all have to work together in making any bad act to be stop by exposing them if we find any.

in fact, I think it is very rare, maybe just an option of many other options. and if we look at each in the news, terrorist funding has a complex network of humanism and involves a large number of related people.
so the option for possible bitcoin is wrong.

this is only part of a very deliberate rumor to reduce and drop the crypto market especially for bitcoin. I think this kind of thing has been discussed in almost every country. this is only diversion and manipulation

According to statistics, bitcoin occupies a niche in terrorism, without it there were illegal transactions and money laundering ! I don't think the bad guys will use it as a priority !

Were there no money laundering when there the no bitcoin ?  The answer to this is No.
Bitcoin do make money laundering easy as  compare to fiat but I just don't understand this is not a drawback of the currency itself. This is the mindset of the user who use it in a negative way.

Terrorist are accused all uncertainties happening without the intervention of natural phenomena. They are always to be blame for everything that the people think terrorist did this and dit that even without strong evidence that terrorist really did that. With regards to bitcoin and banks it would be safer if the government will regulate bitcoin.

Bitcoin, terrorists, and the Bank are very different, if I feel money laundering is difficult.
Reason:
Bitcoin, when registration is accompanied by photos, original identity, such as identification cards etc.
Banks, as well as Bitcoin, need genuine identity.
terrorists, it is unclear the origin and identity.
Now if there is a suspicious identity, it must be caught and not received, so for money laundering I think it is difficult.

Yes, terrorists move major fund with banks and traders around the globe, even sometimes they charities (fake ones) to move their fund - but not on Crypto or Bitcoin.

Any smart terrorist who knows anything about bitcoin will not use it at all. That is what Monero is for, or if they are advanced they can use xspec for more privacy features

in my opinion, I am worried that only terrorist hackers in my opinion will not question Bitcoin because there is no connection between ideology and state security so in my opinion it

terrorists may move freely using small funds as a transaction in crypto, because there are still many crypto markets that do not require genuine identity verification if using small transactions, terrorists are reluctant to do so because of limited transactions, and I think crypto is forever safe from terrorism

Terrorist will not use cryptocurrency in their illegal activities because it is traceable. Blockchain technology maybe anonymous but it can be trace whenever they use it. Even illegal offender still use fiat currency than cryptocurrency.

This is just a stereotype about bitcoin, which, unfortunately, was fixed for bitcoin. Criminals use all the currencies they're comfortable with, and they're mostly dollars. Therefore, it does not make sense to link cryptocurrency and bitcoins.

Just the same cryptocurrency and inconvenient to use by criminals, due to the fact that any transaction can be found. It is a pity that many skeptics think about bitcoin, that it is the currency of criminals. I hope that over time this stereotype will disappear.

Of course, criminals can use bitcoin. But they also use dollars, euros, and any other national money. Therefore, there is no sense to consider bitcoin a criminal currency. This stereotype has developed long ago, due to the fact that some website with illegal goods accepts payment in bitcoins. This site is long gone, but the opinion remained.

Yup, don't blame bitcoin, if someone commits a (http://yubster.com) crime using bitcoin then blame the user. Bitcoin is very easy to use as a crime/terrorism tool because bitcoin is still anonymous and not all bitcoin users share their data to the public.

its not bitcoin's fault. The problem is the people who used bitcoin in illegal way, and its really hard to stop them. We cant expect people to stop it even though we already tell them what will happen. The choice is on them. Little did they know that it can cause a lot of damage to bitcoin?

They can only make unpleasant rumors and this really makes news that should not happen. The bank is still a good trust, and will continue to be a safe depository. Crypto is an investment tool besides money in the bank, crypto provides good benefits if it is able to manage and use.

I reject the terrorist because he has done the country and killed in an unusual way especially the matter of bitcoin must be eradicated is terrorist I do not like to have terrorists in bitcoin at the moment it is very detrimental

it is true that bitcoin is often used in acts of crime such as terrorism, but it cannot be used to weaken bitcoin, in fact every crime that uses btc can be captured and revealed. so I think this is just manipulation of banks that do not want to have rivals in the economic field.

Reading this post, I do not know if it is true or not, but a few months ago if I remember correctly, I read that they kidnapped a child and to rescue him they asked for a transaction to his btc wallet, they returned it and they left. No one knows who they are yet, I do not know what is more profitable for them.

That is the point the centralized financial transactions method like the bank are always use by terrorist to move found from one destination to the other and since this found are in large amount the bank make they own  profit from it but bitcoin and cryptocurrency on the other hand may be hard for terrorist to use since it require some level of technology and device.

it could be that terrorists use crypto as their funding but in my opinion, it might be very small because of the long process and I think the terrorists prefer to be as fast as real money in general because it is more flexible to use.

the statement made many ico, exchange and state providers closely monitor bitcoin. maybe there are terrorists who use bitcoin to be used as funding but again they return the terrorists to the position of money as one of the main options, because money is still more important than bitcoin.

This terrorist can be a world threat while terrorists also need funds to plan their attacks so that cryptocurrency can be a place to send funds to terrorists.

Absolutely low-level transactions. In some countries FUDs scare people out.
The question in everyone's mind is, "Can I be associated with terrorism if I use crypto money?"
A ridiculous FUD :)

Crypto is easy and useful to every one but due to decentralized form it can be use by every one and banks can also use this but they hesitate to keep this for long term and that's why banks not trust it fully it is easy for every one to come into the  crypto world and it is more important for the present time to keep an eye on market and find the best time for investment if you use online betting you can use it. Banks are dealing in cash which is physically in their possession they use gold and real estate for mortgage as well.

It beats my imagination when people say bitcoin is used to fund terrorism. The simplest question is, which is older between terror and bitcoin? Obviously it is terrorism. So before the advent of bitcoin, how was terrorism funded?

Foolish nonsense
All these arguments apply to banks with distinction
Money laundering for senior officials, terrorist financing and arms trade are all activities that are financed through banks
With this inverted logic we have to call for the closure of all banks.

Time passes, but nothing changes. It seems to me terrorists use cash or transfers in banks, through third parties or employees of these very banks. Surely there are internal structures of implementation, to suck the internal data of such huge corporations, which are subsequently used for terrorist purposes.

in my opinion all can happen if bitcoin can be used by anyone anywhere and for whatever good or bad the results of bitcoin depend on the intention and purpose of the investor itself

this is the advantage of Blockchain technology, so what people who dislike Bitcoin say is foolishness, terrorist funds will be easily tracked if they transfer or send via Bitcoin. I really hope that a change in the bad mindset about cryptocurrencies will quickly occur, so cryptocurrencies can be accepted all over the world and used.

I saw an article about a terrorist organization using bitcoin to conduct its operations. And I asked myself, how did the people who revealed this information find out? Bitcoin is completely anonymous and no data (including IP address) does not give about the user. How did the armed forces know that they were terrorists?

We don't know if that is right because right now using technology nothing is impossible regarding of that. As I think yes terrorist can use bitcoin or any cryptocurrency for their findings and we didn't know that is for terrorist fund because right now bitcoin was using any individuals for funding and any transaction. Even banks terrorist can use it so their is no limitation or security regarding terrorist funds.

We all must understand that three are only few things that always make sure nothing go against their will. And in a country, these are politicians. The establishment that presents in every country and the whole country lives on their wishes. Whatever they want, they make it and vice versa. So banks have monopoly too and these people don’t want to break this monopoly through bitcoin.

I don't think so. Despite theirs belief, mostly they still use traditional way (cash, bank transaction etc.) for use in terrorist funding. Cryptocurrencies are for people who wants to be independent from banking system. (just my opinion through) 

Actually, that is going to be a possibility as the United States are banning almost all "terrorist countries" from the swift <Society for Worldwide Interbank> Iran was the last country that was banned in the last few days. This means that Iran is not going to be able to receive international payments of any kind and guess which kind of payment they are willing to receive or give instead...yes bitcoins or any other cryptocurrencies for sure

There is a slight chance because the terrorist group are also coping up the advancement of technologies. Thus, cryptocurrency could be vulnerable for this because of its feature that focus on anonymity. This feature could be even abuse not only by the terrorist group but also to those politicians who are good for nothing money launderer.

Bitcoin can be used for any transaction but use it for funding terrorist is not a good idea. As the traceable transactions of bitcoin then law enforcement can track any evil transactions, like they have done with silk road. Fiat is better to fund terrorist because most of transactions are not recorded.

In my opinion. even though terrorists are low level, they still use bitcoin or altcoin to fund acts of terrorism. so that it still creates a bad image for bitcoin and altcoin. Crypto users come from a variety of backgrounds, so crypto can be used by anyone with a variety of purposes. so it is very difficult to control users so they are not misused.

These above three thing l. E. Bank, terrorist and crypto are interrelated to each other. According to many past events it is proof that cryptocurrency is one of the main reasons behind many terrorism. Cryptocurrency online money transaction facility is one of the main reasons behind this terrorist attack. Bitcoin provide its uses an safe secure and untraceable and uninterrupted money transaction facility. In which no third can interrupt the money transaction and their is no need to give full or correct information of user in order to send money. Because of this above facility many terrorist organisation choose bitcoin for their illegal money transaction except bank.

The blockchain is in the form of a ledger that everyone can track transactions starting from the source, recipient and the difference that runs in the blockchaian chain.

I think that banks launder money for drug cartels, crime syndicates and terrorists all the time, but funnily enough people still use banks.  It's human nature.  They don't care how much corruption there is, they just want to stick with what they know.  It seems like there's only a "problem" when it's something new that people don't understand yet.  As adoption grows and people start to actually learn something about Bitcoin, they will eventually realise that Bitcoin is less useful for money laundering than cash is. but a lot of things depend on goverment too

Although the cryptocurrency is anonymous, cash is still the most effective anonymous financing method for terrorists!
Because the use of cash is more convenient and faster than cryptocurrency!

Cryptocurrency is very vulnerable to terrorist activities because of anonymous factors, so it is now an option for criminals and terrorists to transfer money. In contrast to transfers using banking services that require filling in an identity.

Exactly, this is happening for so long! The process of converting cryptos to fiats is another big obstacle that they could face so why would go for something that is too difficult just because it is "anonymous". Anonymity is lost in the after process.

the news about the use of bitcoin for terrorist funding I think that is indeed just false news. they spread the news so that countries refused bitcoin and also made people afraid to invest in bitcoin. because buying and selling using bitcoin is less effective. it's better to use fiat money easier.

I think  terrorists have mastered the technology that allows using bitcoin to facilitate transfers between them or funds from sympathizers to carry out their actions. This makes it possible to escape the reach of the legal apparatus because bitcoin is anonymous, whereas if it uses banking services it is easy to track who the sender and recipient are.

A woman was jailed for using bitcoins to fund terrorism, this would make any future transactions more worrying for wannabe terrorists. It could mean a spike in privacy coins as they smarten up in crypto

The fiat is still the leading currency that used by the terrorists and money launderers because is not so volatile and less risky compared to cryptocurrencies. Cryptocurrency is more difficult to use than fiat to those who want a quick payment because you have to convert it into cash first before you can able to use it. Furthermore, its value is always unstable and fluctuates rapidly which might cause a problem when its price suddenly go down after a transfer.

I agree, I think these people prefer the classical methods of payment in ordinary currencies. Most often it is cash or bank transfer, but not payment in cryptocurrency.

It is good to hear the truth concerning bitcoin and terrorist use of the coin. This very illusion is one of the key points those working against bitcoin has been holding hands. Now the truth is coming out and it is now making bitcoin more popular and preparing the king of coins for massive adoption. As more people are becoming aware of bitcoin so will the usage will be increasing.

The banks are more suitable for terrorist transactions that the cryptocurrencies. Bitcoin is too volatile for them to use as a means of transferring funds and it can be easily spent like the fiat currencies.

This is true. This is very questionable, we cannot really say that it is the bitcoin or the crptocurrency being used in doing negative or inappropriate or illegal deeds. But then more people says that it is bitcoin. But then, both are used, we cannot say that it is bitcoin. As we can see, banks are often used that crypto.

Bitcoin came to live in 2009 and terrorist has been existing before then with very high record of attacks , and funds were moved through banks and was not detected or if they were detected why not do the right thing to arrest the sender and the receiver, all they just want is to stop cryptocurrency which will not work only if they stop internet and more so USA should face their country and leave other countries alone to do their own , they are the biggest fraud and want to control every single thing on earth but we are not giving away crypto and blockchain.

Bitcoin is associated with terrorists but it has no effect on the price of bitcoin and most of bitcoin users are anonymous that ha (http://renovasi-rumah.net)rd to be tracked. If bitcoin is used for terrorist funding it’s definitely just an uncertain guessing.

in my opinion the bank is the target of everyone and moreover terrorists are like marampas all the results of other people so bitcoin can also be robbed by terrorists what are the banks

Fiat, gold, goods and crypto can and have been used to finance terrorists. The banks in the past have been if not complicit then at the very least negligent in preventing funding-which is why now we have KYC & AML regulations in most countries to a greater or lesser extent. Terrorists will always find ways to fund their activities and extortion and other criminal activities are and will remain their primary source of funding.

if have to choose one. i think i will choose the banks . because it safe

Everything has a positive and a negative side. Right now, I think Bitcoin or cryptocurrencies, in general, have tons of advantages. That's why we should pursue its true potential and try to find a system that decreases its malicious intent.

There is indeed a misuse of cryptocurrency for funding terrorist activities, but the abuse of terrorist activities by banks also occurs, because every criminal will always look for a place they think they can use as a tool for their crimes, such as money laundering, funding terrorist activities and so on. Therefore we need good cooperation between banks and crypto in protecting their existence so they can avoid crimes committed by irresponsible people.

Not like that your concept i think. Bitcoin is created as a virtual transaction money and anonymous payment system. That's why terrorist easily can toke this benefits that's it. Not only terrorist there are many illegal things happened to using this system. Don't spreading kinda rumors.

News about bitcoin used by terorist is just a FUD and government want to ban bitcoin more easily. Bitcoin is like others money, can used for many purpose and its depend on holder. I am prefer believe bitcoin offering many opportunity