Criminality and Bitcoin

[BlackRacerX]

I dont know but maybe bitcoin is really used to some crimes. Money laundering to be exact. I guess its the reason why some governments in other country ban bitcoin because it is associated with criminality.

We cannot deny that fact that indeed money laundering can be happening with bitcoin. There is no new to this because launderers are always on the find as to where they are going to launder their money that is illegally obtained.

Well, bitcoins are still money after all. Considering how much it costs now and how easy it is to get some. Bitcoins ate now used in crimes but it's no less than different to when criminals used fiat money. It's juat easier to transact with bitcoins because it's untraceable. It's easier for criminals to do their dirty works even behind a computer in their homes.

[siti25]

Criminality and bitcoin, criminals who use bitcoin for their benefit must exist and can not be prevented. It can not be prevented because the true bitcoin is freely used by anyone, including those criminals. Even terrorists seem to use bitcoin for their benefit. But I doubt if the crime rate increases due to bitcoin.

[webdevmastery]

Criminality and bitcoin, criminals who use bitcoin for their benefit must exist and can not be prevented. It can not be prevented because the true bitcoin is freely used by anyone, including those criminals. Even terrorists seem to use bitcoin for their benefit. But I doubt if the crime rate increases due to bitcoin.

The only use of bitcoin for criminals is to buy and sell drugs online, Ico's are banned in china for a reason that some of the people there are using bitcoins for illegal transactions online. Maybe terrorists are also using bitcoins to buy guns.

[8Habits]

Criminality and bitcoin, criminals who use bitcoin for their benefit must exist and can not be prevented. It can not be prevented because the true bitcoin is freely used by anyone, including those criminals. Even terrorists seem to use bitcoin for their benefit. But I doubt if the crime rate increases due to bitcoin.

The only use of bitcoin for criminals is to buy and sell drugs online, Ico's are banned in china for a reason that some of the people there are using bitcoins for illegal transactions online. Maybe terrorists are also using bitcoins to buy guns.

Just like in fiat money, criminals can use bitcoin to whatever they like - it may be to buy drugs, guns, and the like. We can't get away with it because it is also happening with fiat money. Now, it is the prime concerned of the enforcers to get them.

[LogitechMouse]

Well, its expected that bitcoin will be using in criminality since it has a value too. Fiat money is used in many criminal activities as we can see now so well is bitcoin too. It is hard to track when they use bitcoin as the payment and at the same time faster transaction. I think that is one reason why some countries banned bitcoin in their countries. If bitcoin is in their country, their is a possibility that it will be used in criminal activities and the government cannot track it or know because its hard to trace. Bitcoin like fiat money is used in good ways and at the same time used in bad ways.

[LordDisick]

Yeah i also see some statements about this bitcoin being a cause of criminal things like drugs and terrorism,they are abusing bitcoins anonimity feature in order to do that illegal things freely

You are correct, they are giving bitcoin a bad name. They are taking advantage of the anonymity of bitcoin that's why they can easily do illegal things. Well  crimes existed ever since bitcoin so its expected they will also use this kind of currency illegally.

[Masterio]

Crime exists and dealt with many currencies since ever, it just the question of awarness. How much they talk about it - since we live in a world that everyone hear the news - we know more, and I believe that people hear about these crimes connected with the name bitcoin and it got the stigma of 'crime currency' - nothing more.

[Latviand]

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.

Yes, actually this is one disadvantage of bitcoin in terms of using.because other people use it for crime or bad activities. We know that the site deepweb is accepting bitcoin only for the negotiations and theor sell illegal drugs, illegeal trafficking, and illegal fire arms. But that's not it. They used bitcoin to hire a killer and for pornoghraphy

[jackhdt]

This is a lot of people worried about the emergence of bitcoin. because Bitcoin transactions are anonymous so very convenient for criminals to use it as a tool to exchange goods and store money. not only Bitcoin which digital currencies are vulnerable to criminals taking advantage.

[Galahad111]

Criminality and bitcoin, criminals who use bitcoin for their benefit must exist and can not be prevented. It can not be prevented because the true bitcoin is freely used by anyone, including those criminals. Even terrorists seem to use bitcoin for their benefit. But I doubt if the crime rate increases due to bitcoin.

The only use of bitcoin for criminals is to buy and sell drugs online, Ico's are banned in china for a reason that some of the people there are using bitcoins for illegal transactions online. Maybe terrorists are also using bitcoins to buy guns.

Actually bitcoin here to help people it’s not for a bad people if someone is using bitcoin for crime or for any bad things it’s very bad so always need to use bitcoin for a good things and I think if it’s possible for someone they must donate bitcoin to the human right organist ion in order to they can finished the crime from world.

[HiringYou]

The biggest disadvantage of Bitcoin is that it is being used  in crimes like buying drugs , buying illegal ammunitions and cybercriminals ask for ransoms in the form of Bitcoin. As bitcoin is decentralized in nature so govermemt has no control on it and government is not able to identify the people involved in these transactions .This facility of anonymous transactions provide these criminals a type of support to commit there crime because they have no fear of getting caught .

[Bakugan]

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.

Actually I really believe that because of bitcoin many bad people are happy because their transaction are hidden from the government and they have an easy acces on getting a money withput a record.

[sirenmoon]

Everything can be connected to a crime, from paper money to invisible money. In every place of an internet or the world crime can be committed in all kind of ways. But cause bitcoin is not yet accepted and related with taxes then it is normal that some people connect with criminal activities. Bitcoin is connected with criminality same as all other things.

[StanTheCat]

Bitcoin offers new opportunities to bad guys as well as good guys

[asep samsudin]

Bitcoin moves parallel to the internet in the context of all the 'bad things' that people say about Bitcoin. Is the internet really good? Certainly not. Terrorists, drug traffickers use Facebook, Twitter, and Whatsapp to communicate and coordinate every day, and some people may feel anxious about doing online, related to pornography.

But regardless of all the problems, does anyone make a real effort for the internet? No, Not because issuing and dismissing Bitcoin is very difficult, because the internet offers something more positive than a negative thing. For the same reason, we should be more careful with our mindset against Bitcoin, as much evidence has shown Bitcoin brings many positive effects, from the internet. The Internet and Bitcoin are divided into devices of 'bad guys' and 'good guys'. In a world full of people - people in the category of 'good people'.

[Cofee.BLUE]

I think their is some connection about btc and criminal cases rather their is true and many connections about btc and criminality, because bitcoin has no tax and no fee people wanted to use it in a bad way,and i think that is the other reason why other countries banned bitcoin and that is the biggest disadvantage of btc. It is used for drugs, illegal recruits and other, thats why it is very crucial.

[W4terhouse]

Everywhere you can earn money, and you are able to pay no fees, there are bad people. I think this is a law of nature.
But important is with all the bad stuff, here is growing a much bigger good thing.

[G2z_Riya]

Everywhere you can earn money, and you are able to pay no fees, there are bad people. I think this is a law of nature.
But important is with all the bad stuff, here is growing a much bigger good thing.

Everywhere some people will be roaming around trying to benefit from some others earning. Such people never think of cheating or engage into crimes for earning. In the similar way bitcoin has got relation with criminal activities, but this has decreased a lot than the past.

[Tobias-CrowdDrive]

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 think in cyber criminality its possible like in Silk road you could have paid with Bitcoin. But I don't think that it has played a huge role for normal criminality like drug dealing face to face or something like that.

[Trela]

Criminality and bitcoin, criminals who use bitcoin for their benefit must exist and can not be prevented. It can not be prevented because the true bitcoin is freely used by anyone, including those criminals. Even terrorists seem to use bitcoin for their benefit. But I doubt if the crime rate increases due to bitcoin.

The only use of bitcoin for criminals is to buy and sell drugs online, Ico's are banned in china for a reason that some of the people there are using bitcoins for illegal transactions online. Maybe terrorists are also using bitcoins to buy guns.

Just like in fiat money, criminals can use bitcoin to whatever they like - it may be to buy drugs, guns, and the like. We can't get away with it because it is also happening with fiat money. Now, it is the prime concerned of the enforcers to get them.

But with FIAT money, the criminals can not use FIAT to create deal easily because they need to deal directly. While, Bitcoin can provides a services global transfer money within few hours for any amount of money, it also provides anonymous transaction.