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Author Topic: Is USD being used for illegal activities?  (Read 19639 times)
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August 30, 2017, 07:42:26 AM
 #381

All fiat currencies are used for legal and illegal activities.  Same will be the case for crypto.  As for the US dollar, I am not certain it is the world power it once was.  US is bankrupt.
true, it's just been done covertly so as not to get caught by the public. But, still so many are caught for using money illegally in their respective countries. Well, that's a bad behavior to follow.
Bad but inevitable for many! Many people are using illegal methods for making more money and to start these businesses, definitely they make investments. USD is nothing different than any other currency. They are used secretly for illegal purposes like smuggling, human trafficking etc.
It's not the tool but on the people who are using it, with the people who have bad interest they will use USD because it has a value.A
Any currency that has a value can be used for illegal activities and even bitcoin or crypto currencies which is hard to trace.

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August 30, 2017, 07:44:24 AM
 #382

All fiat currencies are used for legal and illegal activities.  Same will be the case for crypto.  As for the US dollar, I am not certain it is the world power it once was.  US is bankrupt.
true, it's just been done covertly so as not to get caught by the public. But, still so many are caught for using money illegally in their respective countries. Well, that's a bad behavior to follow.
Bad but inevitable for many! Many people are using illegal methods for making more money and to start these businesses, definitely they make investments. USD is nothing different than any other currency. They are used secretly for illegal purposes like smuggling, human trafficking etc.
It's not the tool but on the people who are using it, with the people who have bad interest they will use USD because it has a value.A
Any currency that has a value can be used for illegal activities and even bitcoin or crypto currencies which is hard to trace.

Every currency and commodity are used illegally. But unlike commodity and tokens (cryptos) fiat has a higher chance of being tracked.
An eg. can be recent note ban in India. But they can't ban gold or bitcoin.

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August 30, 2017, 07:52:53 AM
 #383

All fiat currencies are used for legal and illegal activities.  Same will be the case for crypto.  As for the US dollar, I am not certain it is the world power it once was.  US is bankrupt.

Whatever the currency is as long as it can be used to buy and sell then it can be used for legal or illegal activities. People will always find a way to earn may it be legal or illegal and whatever type or mode of exchange like fiat, crypto or even precious metals as payment as long as they can exchange it to something they can use for transactions. USD has been a global currency that's why it is mostly used but then any currency will do as well.

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August 30, 2017, 09:57:46 AM
 #384

I don't think there's any currency in the world  that has not been used for illegal activities. Although It depends on the type of illegal activities or business in which you are referring to.

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August 30, 2017, 01:45:14 PM
 #385

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.
 
Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?

Actually, I'm pretty sure that ALL of the currencies in the world are being used in illegal activities. Most criminals opt to use USD because it is considered global money. And amywhere you go usd have great value and is accepted in every countries. But really, even the currency that has lowest exchange rate for other currencies are being used illegally. Say for example we are in the China. If one breaks into a convenience store he'll probably get a bunch of Yuans there and not a single usd.

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August 30, 2017, 01:50:51 PM
 #386

I think every currency is used for illegal actvities, even cryptocurrency is being used for that reason.  I think this usage, as been for a long time, so it won't affect badly on the currencies. USD is one of the most powerful fiat, and it is more and more regulated to find these activities. Some of these happen,some might be made by big guys in their countries, so nobody can do anything about it.
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August 31, 2017, 02:53:06 AM
 #387

I think every currency is used for illegal actvities, even cryptocurrency is being used for that reason.  I think this usage, as been for a long time, so it won't affect badly on the currencies. USD is one of the most powerful fiat, and it is more and more regulated to find these activities. Some of these happen,some might be made by big guys in their countries, so nobody can do anything about it.
That’s the dilemma that each and every currency is used for illegal purposes no matter how safe and secure it is presented to the world. USD is again just a currency and definitely is used by evil minds in smuggling etc. we can never blame currencies for wrong activities. All fault lies on our shoulders.

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August 31, 2017, 03:36:13 AM
 #388

I think every currency is used for illegal actvities, even cryptocurrency is being used for that reason.  I think this usage, as been for a long time, so it won't affect badly on the currencies. USD is one of the most powerful fiat, and it is more and more regulated to find these activities. Some of these happen,some might be made by big guys in their countries, so nobody can do anything about it.
That’s the dilemma that each and every currency is used for illegal purposes no matter how safe and secure it is presented to the world. USD is again just a currency and definitely is used by evil minds in smuggling etc. we can never blame currencies for wrong activities. All fault lies on our shoulders.
USD is popular therefore we can expect there are people who are using it for illegal activities and that is already beyond our control.
We have the government agency who are in charge to prevent or arrest people who are into illegal activities.
Bitcoin and altcoins are popular now so they might also use this for illegal activities.


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August 31, 2017, 06:51:56 AM
 #389

I don't think there's any currency in the world  that has not been used for illegal activities. Although It depends on the type of illegal activities or business in which you are referring to.
Well you may be right. You never know what is going on under the tables. But as far as Bitcoin is concerned, we have never seen any such event which is reported which gives us the proof that Bitcoin Is being used in any sort of illegal activities.


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September 01, 2017, 08:18:39 AM
 #390

I think every currency is used for illegal actvities, even cryptocurrency is being used for that reason.  I think this usage, as been for a long time, so it won't affect badly on the currencies. USD is one of the most powerful fiat, and it is more and more regulated to find these activities. Some of these happen,some might be made by big guys in their countries, so nobody can do anything about it.
That’s the dilemma that each and every currency is used for illegal purposes no matter how safe and secure it is presented to the world. USD is again just a currency and definitely is used by evil minds in smuggling etc. we can never blame currencies for wrong activities. All fault lies on our shoulders.
You are right and this is what the actual dilemma is. You can never blame the technology but the one who is using that technology. It might be possible that Bitcoin is being used for some sort of illegal activities but so far we didn’t come across any such news.

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September 01, 2017, 08:35:39 AM
 #391

Every currency is used for illegal activities. With money we can buy good or bad things, it depend from what kind of person someone is. American dollar is currency is most strongest in the world, big nation, many corporation and businesses are finished with dollars. So it'snot strange that dollar is used for illegal things.
People will never stop to use currencies for illegal activities. Too many people wish to be rich without work, on easy and fast way.

You are right.  It is not new if usd are being used for illegal purposes and It is not important also if it is usd or not as long as it is currency that maybe used for every illegal activities.

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September 02, 2017, 03:18:49 PM
 #392

I don't think there's any currency in the world  that has not been used for illegal activities. Although It depends on the type of illegal activities or business in which you are referring to.
Well you may be right. You never know what is going on under the tables. But as far as Bitcoin is concerned, we have never seen any such event which is reported which gives us the proof that Bitcoin Is being used in any sort of illegal activities.

It may not be on the news but i think people doing illegal activities are thay dumb not to see how bitcoin's anonymity can make their lives easier. It's probably being used for a few years now

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September 02, 2017, 03:43:05 PM
 #393

I don't think there's any currency in the world  that has not been used for illegal activities. Although It depends on the type of illegal activities or business in which you are referring to.
Well you may be right. You never know what is going on under the tables. But as far as Bitcoin is concerned, we have never seen any such event which is reported which gives us the proof that Bitcoin Is being used in any sort of illegal activities.

It may not be on the news but i think people doing illegal activities are thay dumb not to see how bitcoin's anonymity can make their lives easier. It's probably being used for a few years now

Bitcoins was born to do the illegal activity but when the FBI cleared the silk route they got this coin and technology and then it came to the open public which some software engineers started to use it and today it is creating a big revolution in the currency world. As the owner of the transaction cannot be recognized due to decentralized technology Bitcoin became more famous for illegal activities
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September 06, 2017, 08:30:25 AM
 #394

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like /2012/12/06/opinion/branson-end-war-on-drugs/]the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.
 
Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?
Sure, it is being used for a lot of illegal activities since it is money people base on that and use it to pay for illegal goods and services both offline and online

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September 12, 2017, 06:59:41 AM
 #395

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like /2012/12/06/opinion/branson-end-war-on-drugs/]the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.
 
Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?
Sure, it is being used for a lot of illegal activities since it is money people base on that and use it to pay for illegal goods and services both offline and online

Fiat or any digital currency is born as can be done as illegal activities,depending on the person whether it is good or bad it will be used. Bitcoin has often been associated with illegal activities such as money laundering and the trade in illegal goods, mainly because its transactions can be carried out anonymously.


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September 12, 2017, 07:08:34 AM
 #396

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.
 
Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?
The thing is that US is considered to be a super power of economies and all countries will have to accept USD and terrorist groups are located in different areas, so usd will be easier for them to use as a common currency and not using currencies of the countries they reside in. USD is used as a common platform of currencies,but all currencies including bitcoin is used for illegal things. And compliance department of every bank will find it difficult for finding out who is doing illegal things and who is not doing, even though they have all these Anti-Money laundering (AML)  and KYC regulations, Enhanced Customer Due Diligence (ECDD)  schemes don't help them out.

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September 12, 2017, 03:19:03 PM
 #397

It sure is. USD as the "main" global currency is being laundered across border day in and day out. This doesn't mean that other currencies don't get laundered. But US dollars is definitely getting laundered the most.. maybe soon Bitcoin will surpass it? Nah..
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September 12, 2017, 03:41:46 PM
 #398

If there is any other currency that is used more than anything for illegal activities its no other one than dollars and its due to its universal acceptance across the world in that there is no country that one will get to that someone is not asking to use the dollars either for trade or for travels and this reason makes it available in the hands of wrong individuals and they use it at will.
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September 15, 2017, 11:43:48 AM
 #399

If the USD is being used for illegal activities is a yes and no doubt about it, its already in the news since long ago that people are also using USD to do illegal activities. Since the USD is one of the most powerful currency that you can use for any trade be it local or international its not a surprise that individuals or groups who do illegal things will have their eyes focus on the USD since it's much easier to use and exchange.
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October 14, 2017, 02:10:50 AM
 #400

If the USD is being used for illegal activities is a yes and no doubt about it, its already in the news since long ago that people are also using USD to do illegal activities. Since the USD is one of the most powerful currency that you can use for any trade be it local or international its not a surprise that individuals or groups who do illegal things will have their eyes focus on the USD since it's much easier to use and exchange.

You can do anything with the usd.Bad or good its up to you.Anything is possible with the usd.Its an international currency so its not that hard to do some illegal activities.People do illegal activities because they get bigger profit.

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