Bitcoin Are Now Used in Crimes

[ace4549]

I am quite sad about this since it was true. There are some criminals use the services of bitcoin in buying drugs and etc. ;
but I am pretty sure that the company of bitcoin will not tolerate this kind of activity since they have collaboration with government. Therefore all people seen by this act will be punish by the law.

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[Pantum]

Bitcoin is already outdated in this area, Monero is currently used in crimes, it's more anonymous

It's already outdated but still, it is the most preferential coin that was being used to such illegal and criminal activities. Up to this date, there's no way you can trace back the information either the sender or receiver for a certain transaction. Even the IP address or network where the transaction took place is impossible to decrypt. It ain't right to point out BTC alone, a lot of digital coins created follows Bitcoin anonymous feature which gave these fraudsters, hackers, scammers, and criminals a lot of options to choose from. As long a coin has its face value, these evil-minded people won't stop using cryptocurrencies for their wrong actions.

Governments say they ban crypto because people use it for crime and money laundry. In reality, they fear the losing of the masses control over people. Cash is even more dangerous than crypto IMO

[Hamaber]

Sometimes bitcoin is used for crime. And it's just for money. Many of the users feel uncomfortable about people who commit crimes. Because bitcoin is decentralized so many of the criminals use bitcoin for crime.

Bitcoin is very secure and safe crypto currency. But some criminal mind people try to use it for some illegal purposes. The bitcoin is decentralized virtual currency. That is why they trying to wrong use of Bitcoin. But the core developers who are working on Bitcoin restrict the criminal for performing any transaction illegally. Bitcoin is still safe in transactions and fast in payment. Bitcoin is most profitable currency of the world in future.

[IvyAguas]

Yes BitCoin for crime, lot of crime for example money laundering and you can buy illegal things using bitcoin without knowing your identity.

[Viscera]

Everyone's can use bitcoin coz it's a digital currency that's why illegal activities can use bitcoin to send and receive transaction so it wont connect to any central banks so governments will not track them.

[mackenzie5]

  At the beginning of internet people didn't even imagine that it can be used as a medium for social contact.Bitcoin also came to existence so this bitcoin gave a relief to the people who were jobless many were struggling in life to make both ends meet.There are different types of people in this world good and bad Bitcoin is said to be used in crimes I don't think that is of Bitcoin only; even people use paper money for several drug dealings and weapon collecting.

[Opekin]

Everyone's can use bitcoin coz it's a digital currency that's why illegal activities can use bitcoin to send and receive transaction so it wont connect to any central banks so governments will not track them.

It is very alarming to know that people without conscience still make way to use bitcoin illegally for the crimes. It might affect the transaction of trading and some that use bitcoin for buying. What’s sad about this is that, there is no existing law yet that supports and gives care for bitcoin users.

[tanpestle]

One reason why they can be used in crimes is because of the anonymity that they offer. It would be hard to trace who used btc to purchase things.

[8Habits]

Everyone's can use bitcoin coz it's a digital currency that's why illegal activities can use bitcoin to send and receive transaction so it wont connect to any central banks so governments will not track them.

It is very alarming to know that people without conscience still make way to use bitcoin illegally for the crimes. It might affect the transaction of trading and some that use bitcoin for buying. What’s sad about this is that, there is no existing law yet that supports and gives care for bitcoin users.

As long as you do all due diligence to prevent yourself from being a victim of a scam, you don't really need to worry about holding or having a bitcoin. Criminals do everything to do illegal things in everything including bitcoin and even much more with fiat money.

[mistanama]

Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar.   Soon we will see more ways people can squeeze the most out of bitcoins.   Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.  

These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet.  Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage.  Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening.  Actually, the US has already cases on this matter.

Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.

Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.

I have never heard that bitcoin has been used or is involved in crime. Bitcoin because he did not know everything, it's not quite well known in the world. Critics have only been discovered recently that criminals do not know anything about bitcoins. Then how do the criminals use it? they will be very hard because bitcoin security is very powerful

[8Habits]

Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar.   Soon we will see more ways people can squeeze the most out of bitcoins.   Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.  

These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet.  Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage.  Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening.  Actually, the US has already cases on this matter.

Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.

Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.

I have never heard that bitcoin has been used or is involved in crime. Bitcoin because he did not know everything, it's not quite well known in the world. Critics have only been discovered recently that criminals do not know anything about bitcoins. Then how do the criminals use it? they will be very hard because bitcoin security is very powerful

Bitcoin has been and is currently used by criminals in their illegal transactions and the same also to fiat money - we can't avoid these and it is the enforcer's duty to catch them. Because bitcoin was not created for the criminals but criminals can use it at their disposal and risk.

[retnoanjani]

Problems like this that often make the public view of bitcoin worse. In fact, money is also likely to serve as a crime tool, only bitcoin in a virtual form, and the government still has no way to prevent it effectively. So most governments prefer not to give regulation on this matter.

[crazycatwoman03]

In fact, YES! I never encounter but I'm sure it will used in crime because it is digital currency and hard to find the people behind that transaction. For example, the criminal pay online using the bitcoin and the drugs will get in the said place, so that it is hard to know the transaction and who is the criminal.

[RakknRoll]

I don't think so if it is used in crimes because in our generation it is possible to use bitcoin in different kind of crime, like scamming many of users of the internet experience it and learned about it.

[Granxis]

In fact, YES! I never encounter but I'm sure it will used in crime because it is digital currency and hard to find the people behind that transaction. For example, the criminal pay online using the bitcoin and the drugs will get in the said place, so that it is hard to know the transaction and who is the criminal.

In the past, the criminals instructed them to leave the bag full of money to avoid getting caught. It's almost impossible to follow some digital currencies. Bitcoin is not very useful in this issue, software was developed to follow.

[fancypretty]

Since the transactions in Bitcoins are anonymous, they can't trace whenever someone makes a purchase of drugs or firearms, which is why criminals are using this to their advantage.

[daarul50]

If true criminals use bitcoin as their transactional tool, then it is necessary as a special developer to detect suspicious transactions so that if that happens we can further follow up to be reported to the authorities so that everyone will start to trust bitcoin because of the role to minimize the crime that will occur and help the authorities to take firm action against the perpetrators who commit crimes. However, the anonymous nature of the blockchain technology is indeed a gap for criminals to do the action. We just pray that not many criminals are using this blockchain technology improperly.

[twicezeroiszero]

Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar.   Soon we will see more ways people can squeeze the most out of bitcoins.   Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.  

These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet.  Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage.  Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening.  Actually, the US has already cases on this matter.

Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.

Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.

I have never heard that bitcoin has been used or is involved in crime. Bitcoin because he did not know everything, it's not quite well known in the world. Critics have only been discovered recently that criminals do not know anything about bitcoins. Then how do the criminals use it? they will be very hard because bitcoin security is very powerful

Bitcoin has been and is currently used by criminals in their illegal transactions and the same also to fiat money - we can't avoid these and it is the enforcer's duty to catch them. Because bitcoin was not created for the criminals but criminals can use it at their disposal and risk.

It is a freedom currency, so everyone can use it for any purpose and not related with Bitcoin.
Because at begin, this is the nature of Bitcoin and Satoshi also want to against all rules of the world managed by the government.

[gaby0312]

Yes Bitcoin is used in crimes, but if this crypto money wouldn't exist, criminals would find another way to make their business.

[obinine]

If its a new post then this Iam surprised,how come BITCOINS are used in crimes,they have been used since long as I have seen lots of news about the same infact SILK case is of the same.So I wish and pray that BITCOIN goes only in the nicest and ethical way !

Its such a bad thing when someone is using bitcoin for crime and I think it must be stop if bitcoin is using in crime so I think there is only one reason that bitcoin is using in crime and that is its high price because when you will convert bitcoin to your local currency so it will give you a very huge profit so I’m sure they are earning bitcoin and then they changing in their local currency so I will request to bitcoin power to find some way to fix this problem.

EXACTLY, the most number of crimes have been and still are done via the use of fiat currency and not cryptocurrency like BITCOIN