Bitcoin Are Now Used in Crimes

[Ayiranorea]

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.

From the beginning days it's been used as an way for all sorts of illegal transactions. This is the one that gave bitcoin a negative image among the public. Now this has decreased, but can't say that it has got vanished cent percent. Recent use on crimes is the ransomware attack that made a big controversy worldwide.

[Adioliver]

Yeah the Silkroad is the best example of all crimes which are being done by using bitcoin as a mode of payment.The criminals are taking advantage of this decentralized currency.They use it's anonymousity to the most.But now measures are being taken and bitcoin is being made safer to use.And crime takes place everywhere whether they use bitcoins or not.So this probably isn't enough for people to stop using bitcoins.

[KirovMs]

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.

The danger is only if you will use it in crimes.Another danger I see.

[Chyton]

As far as I know, every currency is also used in crimes in any part of the world. As long as the currency has it's own value, criminals will use the most practical way to store / use their money. You can't say that if Bitcoins are used in crimes, then Bitcoin should be banned but what about other currency such as Dollar? Aren't they are used by criminals? Shouldn't they be banned?

[1Referee]

Yeah the Silkroad is the best example of all crimes which are being done by using bitcoin as a mode of payment.

It's funny how people always think about crime when it comes to SilkRoad, while in reality, this has been the first ever merchant successfully demonstrating actual Bitcoin usage. That's unfortunately not how the majority of the people here and outside the crypto world look at SilkRoad. For them it's nothing more than a platform enabling/stimulating malicious activity. People for once should take a look into what's happening with fiat, and then mainly what harm is being done to people. Bitcoin, alongside all other traditional assets and market place platforms, are nothing more than tools being abused by whatever individuals. Instead of pointing at the tools and putting the blame on them, point at the people for once.

[Rishabh riyz]

Not just bitcoins , every currency has been used somewhere to fund illegal activities like terrorism, smuggling or any other crime.
So if the government thinks to ban BTC they should probably first see the criminal activity funded by their own native currency.
It's just that the criminals use the decentralised and anonymous nature of bitcoins to do so , well their are not many cases of illegal activities funded by BTC , but sure silkroad is surely one major one.
The incident made bitcoins to go into their biggest market demise or fall , it also made silkroad a shadow trade zone , people could even buy drugs from the site. Later when no account where allowed by the site people went to buy existing accounts on auction.

[bitcon]

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

Same we can say about dollars and about any currency! Even dollars have a lot more crimes in 1000 times!

[jhongzjhong]

Maybe bitcoin used in crime because thier identity will not trace by asking money to pay they use bitcoin. Also in paying of illegal activities they may use bitcoin for easy way of paying to purchased the illegal orders.

[Dudeperfect]

It's not now. People are using Bitcoin for illegal activities since last few years and now these practices are getting exposed. Even today, using Bitcoin is not illegal in most of the countries but using Bitcoins (or anything) for illegal activities is prohibited by the law.

India's Demonetization Is Causing Bitcoin To Surge Inside The Country.

In India, incidents like demonetisation caused a surge in the Bitcoin but most of it was a panic move by the fiat currency holders.

[Ultegra134]

As far as I know, every currency is also used in crimes in any part of the world. As long as the currency has it's own value, criminals will use the most practical way to store / use their money. You can't say that if Bitcoins are used in crimes, then Bitcoin should be banned but what about other currency such as Dollar? Aren't they are used by criminals? Shouldn't they be banned?

That's not the case, comparing Fiat currencies with digital ones is a whole different concept. Cryptocurrencies opened up the way of illegal trading with Darknet markets. They are untraceable, at least for the average person, rendering them safe to use for those activities. You wouldn't use your PayPal account for anything illegal, would you?

[btc78]

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.

criminal is a criminal,no matter how strong the security is they wil always find ways to do criminality.lets expect those even not in bitcoin communities..so theres nothing to argue about that its just hard to trace when transaction is made over internet but enforcement is always there to subject them.maybe a matter of time still they will be caught.

[Rosa Paula]

Since Bitcoin's inception many people use it for criminal acts.So it's not the fault of Bitcoin.It is his fault that he uses it for criminal acts.Guns have been discovered to save life,but using it and destroyed life ,But who will be the culprit?

[Text]

Bitcoin is innocent. Let's use only crypto-currency in good ways and stop doing cyber crimes. They are pointing out the e-currencies as the reason for the rebirth of online attacks because of its anonymity but its not about that, its only one of the features for privacy. If we know someone already using btc to criminal acts, we shouldn't be like him nor tolerate him because it brings a negative mindset to others about btc.

[kangjiasg]

Indeed, bitcoin is innocent. It is the people that use them that makes it good or bad. I guess everything has their pros and cons to it. Just whether which is more

[ReyshElle]

I first heard bitcoin in dark web as well. It's used for different illegal transactions such as hiring a gunman, buying illegal drugs, pedophilia.

Heard news about Scully (Ausie) who was caught hiding in Philippines, with his live in partner.
They torture and makes pornographic video of kids.

[TTITA]

Sadly, indeed like this the benefits of bitcoin can be misused, can not be denied because bitcoin transactions can not be traced, it will make some loopholes for crime transactions. but this could not find his solution.

[bitorama]

Cash is still the king of crimes

[PeRo]

Well, every form of money is used in crime, cash, credit cards, any money. So we can't say that Bitcoin is the only one and that it is bad for that reason. It is not Bitcoins fault that criminals use it because it is untracable. Money is money and we can not stop it from being used for illegal purposes.

[Aikidoka]

The use of bitcoin has always been an advantage and a drawback in my opinion. It is still be used for illegal purposes such as buying drugs and weapons, and so on. If you take look back to the history of bitcoin, you will see that it was within the dark net and within the hands of hackers, and it is still used for that purpose even now. Although it is used that way, it is also used to end poverty and unemployment. Many people, including me, are grateful for the existence of bitcoin because it has helped us financially because we have lost faith in our government. That is why we should be thankful for this opportunity and use it for good purposes because whether we like it or not, corruption is not only within the realm of bitcoin, but also within the realm of other things like government, politicians, and so on.

[bakkang]

Bitcoin was , is and will be used for illegal pourpuses their entire life. You havent heard about the now sized Silk Road black market  ? Were you was able to purchase drugs, hire assasins and another bunch of things like buying guns, slaves etc...

So what should we do to prevent it since it is very alarming especially those innocent bitcoin users. I think they should secured it so that we can prevent it. Bitcoin is a big help for all of us so dont wait this to happen that bitcoin will be destroyed just because of that crimes.