Is bitcoin being used for illegal activities

[richmcrich]

Everything can be used for illegal transactions. Probably USD in the form of cash is still the most used tool for illegal activities. I guess EUR is the second.

USD, EUR and even Zimbabwean Dollars are also used for crime, any currency that's globally or accepted in a single place has illegal uses as long as there are people (and laws).

[Betwrong]

Yes, Bitcoin is beeing used for illegal activities since almost the very begining. So what? All other currencies, fiat currencies, are also used for that. Banning things which are used for illegal activities is stupid IMO 'cause you should ban everything then.

[xht]

yes maybe because the media give negative side to bitcoin like bitcoin are use for drug,porn and gambling and all of that is illegal in some countries.

[SerialBettingMaster]

Maybe in transferring funds..

[brianlee01]

yes maybe because the media give negative side to bitcoin like bitcoin are use for drug,porn and gambling and all of that is illegal in some countries.

It must be banned buying bitcoin for drugs. I think this one of the causes transaction be prohibited. I ever read an aricle site who selling drugs with bitcoin as payment there is Silk Road, in the United States. Site founded by Ross Ulbricht is apparently more active as a site selling drugs rather than the selling Bitcoin. And Ulbricht finally subjected to legal action and in June 2014 ago and 30,000 BTC were seized from his site.

[Mr. Big]

Maybe in transferring funds..

That's how I exactly think the very common thing the criminals would do..transferring funds and paying someone to accomplish  something illegal jobs and probably illegal items..

[DeDordtenaar]

Everything can be used for illegal transactions. Probably USD in the form of cash is still the most used tool for illegal activities. I guess EUR is the second.

yeah agree we can draw the conclusion that every currency is worth of course there is a mafia they conduct illegal activities. was reasonable in any currency so if you find on bitcoin it is reasonable

[jethrorn99]

Everything can be used for illegal transactions. Probably USD in the form of cash is still the most used tool for illegal activities. I guess EUR is the second.

yeah agree we can draw the conclusion that every currency is worth of course there is a mafia they conduct illegal activities. was reasonable in any currency so if you find on bitcoin it is reasonable

Every currency is used for illegal activities. No currency in this world is clean. Even bitcoin is dirty as well.

[KennyR]

Everything can be used for illegal transactions. Probably USD in the form of cash is still the most used tool for illegal activities. I guess EUR is the second.

yeah agree we can draw the conclusion that every currency is worth of course there is a mafia they conduct illegal activities. was reasonable in any currency so if you find on bitcoin it is reasonable

Every currency is used for illegal activities. No currency in this world is clean. Even bitcoin is dirty as well.

That's true. Every currency has various regulations but this has been overcome by users to make use in illegal activities. Even if certain regulations were formed for the bitcoin use it won't stop usage of bitcoin in illegal activities.

[hakanbalta577]

yes maybe because the media give negative side to bitcoin like bitcoin are use for drug,porn and gambling and all of that is illegal in some countries.

Because of that media,  good things can be shown as a bad things too. I think big banks force them to announce that, bitcoin is the most important part of this illegal things. But the fact is banks will loose their incomes if so many people will use bitcoin.

[quentincole32]

yes maybe because the media give negative side to bitcoin like bitcoin are use for drug,porn and gambling and all of that is illegal in some countries.

Because of that media,  good things can be shown as a bad things too. I think big banks force them to announce that, bitcoin is the most important part of this illegal things. But the fact is banks will loose their incomes if so many people will use bitcoin.

No sense theory, banks would never worry about bitcoin. Even banks would welcoming bitcoin technology to be implemented to banking system.
But so far banks just ignore anything about bitcoin. The things make people know bitcoin used for illegal activities are in darknet market place there many transaction using bitcoin like for assassination services, buying and selling drugs etc.

[uname]

Everything can be used for illegal transactions. Probably USD in the form of cash is still the most used tool for illegal activities. I guess EUR is the second.

I am talking about it here for a long time. I really like that smbd thining like me
Criminals don't care what to use bitcoin or dollars only profit make sens.

I think he already calculating profits they need confidentiality, security and anonymous they would prefer cash rather than a bank or use online. That's all I know

[BitcoinSupremo]

Bitcoin is widely used by darknet, there are a lot of press against it, considering it as the nr 4 most profitable illegal activity in the world. I don't think I will stop using it just because of that.

[bitgolden]

Everything can be used for illegal transactions. Probably USD in the form of cash is still the most used tool for illegal activities. I guess EUR is the second.

probably? nothing in the world can come even close to what damage has been done with the us dollar. bitcoin in the coming 10 years won't come even close to 1% of that. and still the media is blaming bitcoin for terrorists attacking airports and so on. it's not bitcoin that's being used for that. look at cash money, gold, artwork, and the list goes on. everything with value from money to a car can be used to finance terrorists.

Yes. The legal activities are historical events and still continues. So bitcoin has nothing to do with it and it is not new thing to happen only because of bitcoin. Illegal activities are most common when technology gets boom.

[Hellacopter]

Bitcoin is widely used by darknet, there are a lot of press against it, considering it as the nr 4 most profitable illegal activity in the world. I don't think I will stop using it just because of that.

People still using all currencies for legal and illegal activities right now.
We can't simply accuse just Bitcoin for this while the scammers and criminals worldwide still using fiat and cash a lot more than using Bitcoin.

[Kevin77]

Of course it is used for criminal activities but do you consider this as a real problem, I do not because the world is full of criminals and they are all using a currency to launder the black-money so no one can do something about that fact.
It does not matter in what year we will be it always be like this even in the future in about 30 years.

Yes I agree the criminals are everywhere and they are using every possible means not only just the bitcoin.
So far they are dealing with the dollars and gold, but in the digital world they may turn into bitcoin. Nothing new.

[jt byte]

Yes of course it is used for illegal activities but witch currency is not used by the, you can ask you that question in your head...
I think almost every currency is used by criminals so I do not see any problems because of that.

[snipie]

Well 99,99% of the illegal activities are using USD and the other fiat but wait the problem is with bitcoin that participated with the 0,01%... Ridiculous... And imo tracing btc is easier than tracing the fiat used in these activities (not for the rest)

[blunderer]

Well 99,99% of the illegal activities are using USD and the other fiat but wait the problem is with bitcoin that participated with the 0,01%... Ridiculous... And imo tracing btc is easier than tracing the fiat used in these activities (not for the rest)

By your logic, since auto accident fatalities in US are 99.9% more common than deaths by exploding hand grenades, hand grenades are safer than cars.

[ronaldinho_07]

Bitcoin since it appears and after the silk road business were just conected to ilegal activities ,but fiat has being used for the same thing.