Bitcoin Are Now Used in Crimes

[dificanovi]

seeing the many crimes that people commit because they want to get BTC and buy something that is prohibited like drugs, I hope to make laws about the criminal regulations concerned with BTC.

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[NelfiNovita]

depending on the person's own personality, everyone has a different personality, you better use it for positive things like used for daily living and online transactions. everything that is done for the criminal will not make your life calm.

[IceOleg]

USD are also used around the world to pay for crimes. Thousands of crimes are sponsored by USD, it's not the question of form of payment.

[Traslavin]

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.

If the bitcoin is continue to be recognizable and being popular more by the people i know that there's someone that have an bad idead why he/she want to know the bitcoin. I have know a site who uses the bitcoin to baf activities or a crime. A site that called deepweb is a black market that you need bitcoin to buy illegal like drugs, firearms and illegal trafficking. But in the worst case scenario. (I dont know if it true) it is used in the killing people and toruture people as the payment too.

[bajing]

For shure they use and will for ever do,it´s untraceable and this is nice for weapondealers,etc.:

It's true bitcoin is used for illegal acts but as far as i know it there is no news that bitcoin is used by weapon dealers, the majority bitcoin is widely used for money laundering even for news if bitcoin is used for drug sales payments are still rarely.

[Qunenin]

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.

Yes bitcoin was and still use for illegal matters here in online world, we can see that on black market nowadays due to its anonymity which is so demanded and very useful to it and due to high price. But does it really matter if people use it for illegal as long as bitcoin has good volume and price it is good for us. You cant say that only illegal business are adopting bitcoin, many big legal companies are also using the bitcoins.

[Scorpion]

The same goes for the United States Dollar, the Chinese Yuan, even World of Warcraft Gold is used for criminal activity. It doesn't define Bitcoin because it's found on the black market, 80-90% of people who use Bitcoin use it for legitimate purposes.

[stompix]

Let me ask you something - do you think USD is used in crimes? Or EUR? Or any other fiat currency? Every time someone robs a bank, defrauds someone for money, gets it illegally or does anything illegal with it like bribery, buying drugs etc, etc... uses this currency for crime. Yet i don't see anyone talking about it in this way.

So it's like anything else, it's not inherently good or bad, it's just a mean with its purpose and usefulness.

Yes, they talk an insane amount of time about how money are used in crimes and how money itself are the problem and the reason for the crimes.They even talk how cash is dangerous because of bacteria, how it ha traces of drugs or blood or everything you can imagine.

Bitcoin makes some crimes easier, makes some crimes impossible and 99% of "criminals" don't really care about bitcoin.
It is easier to transfer funds with bitcoin, it is easier to sell illegal stuff with it but is also pretty much impossible to fund a terror group as they need $ and cash to pay their mercenaries and there is no exchange doing business in Raqqa.

Bitcoin is money, it's going to be used for crimes just like regular money, I don't see a crypto that is going to be crime free and not centralized and government controlled.

[sheamus10]

I think law enforcement agencies today can't handle crime in online world. Criminals in online world are more cruel than criminals in the real world, because in the online world is very difficult to track.
Moreover, the current government still underestimate the online world criminals.

[btcdepo]

It is sad but true. Bitcoin was being used in dirty area since its beginning. That's the outcome of anonimyty unfortunately.

[The Alchemlst]

Yes, nowadays it’s being used in crime, they buy and sell online and pay by bitcoin. Because it’s untraceable. So police can’t get clue to caught them. I think it’s dangerous.

It's been used in crimes even when its just starting to gain fame in the deepweb, and so are other currencies. Every assets and valuable like money and gold or even goods and services can be used in crime, it has nothing to do with bitcoins system nor nature its working in too.

[Zorbak]

This kind of publicity it's what big media wants to convince people that bitcoin it's bad, it's used for ilegal things..
 That's just BS.

The number 1 money used for buying drugs, terrorism and any illicit activity it is no other than USD.

To buy everything (legal or illegal) we use money, so to blame BTC because it's being used in ilegal markets it just not make any sense, let's blame USD,  EUR and any currency.

[Russlenat]

It is very possible to used Bitcoin for illegal transactions because it is also money that can be exchange in any form of goods, and I think it is used before just like ransomeware worm, or to buy drugs in darkweb.

[NovaNewbium]

Yes, nowadays it’s being used in crime, they buy and sell online and pay by bitcoin. Because it’s untraceable. So police can’t get clue to caught them. I think it’s dangerous.

It's been used in crimes even when its just starting to gain fame in the deepweb, and so are other currencies. Every assets and valuable like money and gold or even goods and services can be used in crime, it has nothing to do with bitcoins system nor nature its working in too.

Well actually every criminal nearly use bitcoin to make money. This is also way some governments wants to stop it. On the other hand many people use it to make money.

So it is a difficult choice. They should disable the wallet of the criminals in my opinion. It is way better than.

[CryptoRamp]

Think about bitcoin as a froud is the same of thinking peer2peer during gnutella times or telescope at the time of galileo like a fraud. Over the years new technologies are always being demonised and only time has given them back their proper dignity. The same will be with bitcoin.

[bob123]

...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...

Thats not true at all. 1st Bitcoin is not anonymous, its pseudonymous.
And 2nd you are not fully Anonymous on the deep Web. You are not even Close to be Anonymous on Tor.
Investigation Bureaus have Tools/strategies to trace Users.
The best you can do is to try to hide/remove almost all traces you leave.

[zais]

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.

Bitcoin is money, and money is always used for legal or illegal purposes. Cash, credit cards and the banking system today extend far beyond Bitcoin in terms of use for criminal activity

[NavI_027]

This is not new to me, actually I discovered bitcoins by reading articles about deep web. I've read that the way of payment in deep web is through bitcoins because it's untraceable and it's fast when used in different transactions. These special characteristics of bitcoins makes the bad people feel comfortable to do their wrong deeds because they already know that it's very hard for the police authority to chase them. The other reason why divers use this is because they want to avoid personal meet ups because it will compromise their anonymity if they do.  

This is the sad truth about bitcoins, that it can be also used to harm others. I hope governments find ways to stop these illegal actions.

[DoublerHunter]

Even from the start that the criminals discovered bitcoin as a good way to use in transacting because of the anonymity that they can get benefit and that is when the crimes including bitcoin start and i think that bitcoin is still being used in crimes but i am 100% sure that the users of bitcoin are more into good side rather than for a bad side.

[Yusuf77]

I can not refuse that with the presence of bitcoin also have many cases that make people losses. theft. the purchase of illegal goods with bitcoin and ranging from hackers. now hackers already know that bitcoin is valuable