Criminality and Bitcoin

[annanava]

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 don't think that the development itself is the reason why some criminal actions have increased in several countries, I actually think that the inexistence of regulation of cryptocurrency is the main reason of all. Governments should accept this, and start making actions to that.

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[sathvik112]

Crime increases due to bitcoin is just nonsense - please have them show objective numbers. Criminals will continue to use any means necessary for laundering their money and committing crimes. In fact since bitcoin is a public ledger that is easily audited, it's harder for criminals to hide their tracks.

You are exactly right, Crime increases due to bitcoin is just a bad thinking.
Criminals may choose that way it is just a choice like the another for few but there is no rule to do criminality only with bitcoin.
So its just a choice for them to choose, so i do recommend to earn with bitcoin and enjoy the profits with out thinking like that.

[VitaminDer]

US-Dollar cash is the best currency for most of the criminals) why they would not ban it?

[CrazyFocus]

I believe cyber felony most often in bitcoin, Indeed simply because bitcoin is all about computer program and lots of people can perform their want without having correct legislation.There are lots of issues can perform via pc like deception-ting other through bitcoin.I believe the felony this very day if they're who`s doing this thing  is expert felony with a understanding to complete difficult task.

[Wong Gendheng]

I think without bitcoin the crime is already lively, illegal transactions, terrorism and so on using the bank's financial services, they use different names for each transaction so it is difficult to be tracked by the authorities. with bitcoin criminality getting perfect, but the purpose of bitcoin is not for criminals but to make it easy.

[alfstep]

Not only bitcoin
Criminals will always be able to find a way to be profitting from a new technology, they always outsmart the system 

After all bitcoin has its own pro and cons

[MAJICOIN]

If we say that bitcoin promote criminal activities it will be wrong judgment because it is not the tools by which criminal activities are promoting it is the form of money which can be paid for each and every kind of activity. Bitcoin is the currency which is holding by public and they used this for many purposes.

[nethan1btc]

If we say that bitcoin promote criminal activities it will be wrong judgment because it is not the tools by which criminal activities are promoting it is the form of money which can be paid for each and every kind of activity. Bitcoin is the currency which is holding by public and they used this for many purposes.

Bitcoin of course cannot be the reason why crimes are on the increase all across the globe and instead of looking for a scape, all those pointing accusing fingers at Bitcoin should rather throw their weight behind finding lasting solution for the diversed inequalities everywhere we look. Bitcoin is being use for a lot of wise purposes also all I want to say is, that using something depends on the user if how they want to use it.

[mammoniter]

Criminal activities have been linked with any currency for eons, before money like seashells, farmers were exploited for livestock, after that seashells, than came paper money, gold, jewelry  , and the likes of it.

Just because bitcoin or cryptos are used for illegal activities is not proof or proper statistics that bitcoin is the reason for more crimes in the world.

I agree with this it is not like bitcoin itself conducted the criminal activities although it has been a tool statistically speaking I'm sure it is not the most used currency by criminals. Bitcoin  is just money like everything of value it tends  to be used by criminals in various ways and being a cryptocurrency is not a concrete proof that it causes increased in criminality. With or without bitcoin there will still be criminals whenever they see opportunity.

[Zrs]

bitcoin is one of the popular digital currency. it runs by peer to peer network. it has changed a huge change in payment method.but still some people are misusing it in dping criminal works.thisiis the bad effect of bitcoin.other than this, bitcoin brings a lot advantages for community.

[putrii]

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.

a lot of criminal acts in this virtual world, they use bitcoin as a means of payment or ransom to squeeze the victim, very in pity if bitcoin made like that.

[SwagFootball]

An excellent example of this was WannaCry

[shark69]

a lot of people are going to abuse bitcoin for criminality, because bitcoin is private.
so what will be done by someone we will not know, for example to buy drugs or to practice the black market. so the possibility of bitcoin being misused for criminals is huge.

[dafang]

Admittedly, bitcoin is indeed being exploited by criminals, bitcoin is anonymous, so criminals pay with bitcoin and buy illegal items such as guns and drugs. The government can not track this, which is why some countries banned bitcoin.

[Oo ako to]

Of course, there will be advantage and disadvantage. Even before bitcoin existed, internet became the portal for selling private pictures and videos of others but nobody blamed internet for that. People who hate bitcoins will always see it as tool criminal tool even it has more benefits than that.

[zenrol28]

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.

They're just blaming bitcoin for their failure in catching them. Because sometimes huge politicians / businessman are behind those illegal activities. They can't touch them, if they do they lives are on the line including they're families. So pointing out to something else is the safest for them.

[ripti]

No relation between Criminality and Bitcoin. Maybe Criminality reasons that the government could not make bitcoin a legalize currency im some countries because they are afraid that bitcoin can be used to illegal activities that may increase the numbers of criminals.

[ngacengan]

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.

crimes involving bitcoin are numerous, most bitcoins are a ransom tool to blackmail victims to pay some money using digital currencies, this can make the name of bitcoin worse.

[coinsontheroad]

Anything "anonymous" payment method is going to attract criminality. Of course we know bitcoin transactions can be traced but I'm sure there are a great number of criminals out there who think it's completely untraceable.

But the thing is, crime is going to happen with or without bitcoin. People will use fiat or whatever else is out there. So I don't think bitcoin contributes to criminality, but has become a favorite amongst international criminals (ex: terrorism funding).

[DewiKirana]

Maybe it is, if bitcoin is used for criminals. But I think the good benefits are much more than the bad effects of bitcoin. For example, bitcoin bridges the purchase of risk without distributors.