Criminality and Bitcoin

[IdoandWill]

https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/

Would you believe that the existence of bitcoin has increased the number of criminality in  some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.

This just shows that as bitcoin develops both advantages and disadvantages will tag along.

I do not think so. Previously, there was cash. Now there is bitcoin. I do not deny that many use bitcoin on the black market. But governments can easily monitor the withdrawal and replenishment of bitcoin accounts, at least in relation to large sums.

So it will continue. Unless, of course, bitcoin does not cease to be a crypto currency.))

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[pyedpyper]

not just BITCOIN that causes crime rates but MONEY is also GOLD, so they are just looking for ways to keep Bitcoin from growing, base of agitators ..

No this is not a main reason bitcoin use everyone if criminal use if businesses man can use the main base of my question is they looking to bitcoin growing up daily and they invest them money in bitcoin 

[rickadone]

Bitcoin is the identical as a drug, when a bitcoin person makes use of it properly, then bitcoin will continue to be good. Likewise when used in damaging, bitcoin will be bad. This kind of as cash laundering, payment of criminal offense services and a lot of other point

Wherever there is money there will always be evil following it. As we see bitcoin and its progress, surely there will be many people who are jealous of it and many corrupt people will try and shut it down illegally.

Plus hackers these days are so advanced that they will try and hunt down bitcoin. We need to be careful about it.

the current price of bitcoin and its promising increase in the near future actually lures both good and bad holders of bitcoin. There will always, and we cannot get away with it, people that will transact illegal transactions using bitcoin just like using fiat money.

Nothing is good or bad but it is we who makes either positive or negative use of anything which is available to us. Same is the case if we talk about Bitcoin and other crypto currencies. There are likely chances for this thing to happen in the near future but I am very much sure that such a bad news will never be heard by anyone of us even in the future.

If there would be no humans, there won't be bad deeds so it is us, humans, who have polluted this world. Bitcoin is just a digital asset which is very precious. Humans have misused everything and destroyed the peace of the world. We cannot blame any other thing for our deeds. That will be so coward. It is law of nature. We reap what we sow.

[konco_kenthel]

https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/

Would you believe that the existence of bitcoin has increased the number of criminality in  some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.

This just shows that as bitcoin develops both advantages and disadvantages will tag along.

The possibility of criminality arising in the form of theft committed by someone who is not responsible for taking the price of others intentionally and unknowingly by the owner while the benefits of the bitcoin in my opinion is in the affairs of getting a job very quickly and can make money every month.

[bxipp]

because of this issues ICOs has been banned by several country now. It gonna rise issues about ICOs funded the terrorist also. Look like not all peoples doing a good thing. That why now some country very strict about ICOs now. For me this is a must do by any country.

[ruslango]

Is caused by the large quantity of men and women who believe that Bitcoin is anonymous, when in simple fact Bitcoin is so opposed to it - all transactions Bitcoin clear and every person in the planet can see the ongoing Bitcoin transaction. Folks could not be ready to link a particular personal id to a Bitcoin transaction immediately (this is why occasionally Bitcoin is also known as pseudo anonymous), but if they uncover it, then they can see all the transactions you have completed on the Bitcoin community. This is why Bitcoin is the incorrect way if you use it for items that are not correct.

[Granxis]

The negative side of bitcoin is anonymous, maybe someday there is a wallet provider that requires identity verification so it can make the user responsible for all transactions done.

I think the best part of bitcoin is anonymity. The reason why Bitcoin is so famous stems from anonymity. Without anonymity there would be no difference between good and other payment methods. Only one address is enough for you. How beautiful is not it?

[Ayaancool]

For every thing there is advantages and disadvantages . It's good and bad part is all depends up on user.If the user is using bitcoins for  criminal  activity that must be illegal ,it not in our hand and it's not our fault .  we can't control it also. There is no solution for this problem.

[Sergio D]

I stumbled upon the news about Louis Ong, "bitcoin investor" from Seattle, who got busted for money laundering.

It occurred to me that Bitcoin might be a perfect money-laundering tool.

Don't you think that?

Are there any facts that might prove me wrong?

[paolo099]

recently in an italian tv show they were talking about mafia's money laundering methods, and they noticed the new trend which is buying art (paints, statue, etc.) and bitcoin.
being not regulated it's the best way to wash the dirty money, it's a volatile form of money, untraceable and secure; shame it doesn't exist in english or with subs otherwise i would like it here because it's a really interesting analysis.

[ChipMixer]

the new trend which is buying art (paints, statue, etc.) and bitcoin. being not regulated it's the best way to wash the dirty money

Trading debt-based money for valuable items is the crime.

[xIIImaL]

The negative side of bitcoin is anonymous, maybe someday there is a wallet provider that requires identity verification so it can make the user responsible for all transactions done.

I think the best part of bitcoin is anonymity. The reason why Bitcoin is so famous stems from anonymity. Without anonymity there would be no difference between good and other payment methods. Only one address is enough for you. How beautiful is not it?

I think Yuk is out of mind and not known the usage and benefits being anonymous in the bitcoin community or elsewhere. Not all the anonymous people are doing illegal work with the bitcoin.
Some may do but we cannot consider them as a matter in this issue. If you back track with the online wallet you can find the transaction information exactly. No one will be able to cheat since it is anonymous also.

[Chrystora123]

we can not resist any negative things created from the positive things created, just like Bitcoin, criminals will certainly take advantage of Bitcoin, because the level of security is very high ..

[Cindy1983]

we can not resist any negative things created from the positive things created, just like Bitcoin, criminals will certainly take advantage of Bitcoin, because the level of security is very high ..

Yes. Because of secure level of Bitcoin, there are a lot of people taking advantage of Bitcoin to commit guilty such as money laudering or drug trafficking. It's the reason why there are some countries that banning Bitcoin to prevent the guilty come up with Bitcoin. Beside, not only Bitcoin taken advantage of, there are some altcoin taken advantage of also, for example there are a lot of new ICO projects appear everyday and some of them are scam project that why China and Korea banned invest in ICO project in their country just to protect investors in their country. Everything has good and bad sides

[Rj Manik]

Some criminal try to make criminality with bitcoin.Example a criminal buy some drug or other Object then he try to make payment with bitcoin.And this time people think bitcoin is a criminality coin.But all people remember it who use bitcoin with criminality.Find them and give them police.

[rfcdejong]

I think it's silly to argue that bitcoin contributes to crime. There are a lot of news on this topic, for example, require a ransom for btc. But all the same thing is done for usd. It turns out we should ban usd.

[eternalgloom]

we can not resist any negative things created from the positive things created, just like Bitcoin, criminals will certainly take advantage of Bitcoin, because the level of security is very high ..

That's a pretty weird thing to say about this subject, I don't think that criminals use Bitcoin specifically because it's more secure.
They mainly use it because of the perceived anonymity of Bitcoin and because it's easier to make use of for criminal purposes than, say, Paypal or bank accounts.

[Scuderia23]

I am actually pretty sure they are using some altcoins for money laundering

[Bezdonov Art]

The negative side of bitcoin is anonymous, maybe someday there is a wallet provider that requires identity verification so it can make the user responsible for all transactions done.

I think the best part of bitcoin is anonymity. The reason why Bitcoin is so famous stems from anonymity. Without anonymity there would be no difference between good and other payment methods. Only one address is enough for you. How beautiful is not it?

The majority of Bitcoin users are law-abiding people, but bitcoin’s anonymity is also a tool for financing crime - the virtual money can keep shady transactions secret. The paradox of cryptocurrency is that its associated data create a forensic trail that can suddenly make your entire financial history public information.

[Bitcoincole]

we can not resist any negative things created from the positive things created, just like Bitcoin, criminals will certainly take advantage of Bitcoin, because the level of security is very high ..

That's a pretty weird thing to say about this subject, I don't think that criminals use Bitcoin specifically because it's more secure.
They mainly use it because of the perceived anonymity of Bitcoin and because it's easier to make use of for criminal purposes than, say, Paypal or bank accounts.

We all know the fact that the increasing crinaminals are always attacking on online businesses because they can hide there identity most likely they using bitcoin as the basis of payments, plus adding ransoms, hacking, spamming due to a high value of exchange rate that the reasons why criminals are spreading in the entire world.