Bitcoin Are Now Used in Crimes

[4U]

This isn't something that should amuse us, since crimes started long long ago. We can't expect crypto world to stain clean and everyone to think of your well being. There are enough ways to secure your investments and earnings, just don't go away with the panic and scarcity.  

I think it’s not a mistake of bitcoin people are using other currencies also for crime so if they are using bitcoin they should not supposed to do so because bitcoin is such currency which provide a god source of income to needy people and if we study about bitcoin so you will learn good things about bitcoin it’s not going to teach you crime or bad things.

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[VeroBTC]

bitcoin have many advantages. and it will use by all people. good or bad people.
good people will use to rebuild their economy, and helping family or friend or other people. bad people will use for criminal. and maybe terrorist get fund from bitcoin. we dont know, but is there two side that balanced the world

[LogitechMouse]

As long as you can use it in buying and has a value, there is always a chance that it will be used in crimes. See money. Money is used now to buy illegal drugs not only illegal drugs but many crimes. Bitcoin was used too since it has value and you can buy with bitcoin. Bitcoin is used now in crimes and since its too hard to track the transaction, its hard to track too whose behind the crimes.

[hacker1001101001]

Yes, many people in the world use bitcoin for crime. As we can see on dark web there is sale of almost every illegal product and services with the help of bitcoin. Bitcoin is also  considered as a hackers currency as it is mostly used for anonymous way of transfering money. But now i think people are changing there view towards bitcoin and using it in proper way.

[Meepospammer]

Bitcoin has the same purpose with money. Anything that money does, bitcoin can also do. It's not shocking anymore that bitcoin will be used in illegal matters. And also Bitcoin is more convenient is this type of transaction since one's identity can hardly be traced.

[fiulpro]

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.

You know just very recently there was a thread here where a guy mentioned how he used bitcoins to buy weed, preety much I was shocked that people are using a positive feature in a bad way.
He said he brought weed using bitcoins since its very safe and there isn't anything that anyone can do , they can't trace you, they can't catch you and track you down.

Also all these reasons are the contributing factors due to which now a days many governments are thinking of banning bitcoins.
Yes you have your privacy, you can't be traced thus use it in a positive way rather than negative, even recently one government said they are going to track down all the bitcoin transactions, well actions are taken to curb all these menace that some people are creating.
I don't think one should soil the name of bitcoins because it will have a negative effect on the whole bitcoin community.

[tengek37]

One of the causes is that bitcoin transaction can not be tracked where and where the bitcoin is flowing and used for what, so it can be very supportive of criminal acts such as money laundering, drug trafficking, illegal weapons, etc., maybe this can be cope with the making of regulations on bitcoin transactions by governments internationally.

[MoonJeina]

Bitcoin is a very attractive eye candy for all the cyber criminals for sure . Its decentralized nature is like a cherry on top of cake for them . There anonymous property of the cryptocurrency helps criminals to do all the hacking and crimes without the fear of getting caught. All this is highly affecting the image of bitcoin which is one of the main reason why still so many countries are still not ready to accept bitcoins.

[CryptoWorld87]

I think they are using bitcoin too its because bitcoin is fastest than fiat money to transact if you send bitcoin to anywhre in the world it takes only a few minates to take it and the transaction fee is lower than fiat

[Loopper]

Bitcoin is a very attractive eye candy for all the cyber criminals for sure . Its decentralized nature is like a cherry on top of cake for them . There anonymous property of the cryptocurrency helps criminals to do all the hacking and crimes without the fear of getting caught. All this is highly affecting the image of bitcoin which is one of the main reason why still so many countries are still not ready to accept bitcoins.

The government still thinks a lot about bitcoin because whether bitcoin will make a bad or good impact for others for them.

[wellsontheja]

Yes, nowadays it's being used in crime, for keep they assets so it makes him more difficult to trace by the police. It's dangerous actually.

[EXITCORNER]

i already knew it from long time when btc started as payment, in darkweb even u can hire hitman to kill someone.
maybe terrorist now use it btc for they payment because no 1 can trace they track history payment
so btc have a dark side for this world

[dYnamxX]

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 will add to your post Dubai may Ban bitcoin Because bitcoin support terrorism & Crimes and most use in Dark things  

[DevilSlayer]

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.

That is true! Bitcoin is a money and bitcoin can use in different crimes. That's why many governments are disagree to legalize the bitcoin in many countries.

[Xester]

Bitcoin has the same purpose with money. Anything that money does, bitcoin can also do. It's not shocking anymore that bitcoin will be used in illegal matters. And also Bitcoin is more convenient is this type of transaction since one's identity can hardly be traced.

Indeed.  Any one who is commiting and will do crimes will do anything just to do it.  So like you said, whether it was in the form of cash or bitcoin, they will still do it for the sake of committing crimes.  Bitcoin is the best way to do such acts because like you said, no one can trace your identity.

[Sir Legend]

This is an irony, when everyone enthusiastically uses bitcoin precisely some people use bitcoin for illegal purposes such as criminal drug sales, illegal weapons, human trafficking and so on.

[KingOfWinterfell01]

This is an irony, when everyone enthusiastically uses bitcoin precisely some people use bitcoin for illegal purposes such as criminal drug sales, illegal weapons, human trafficking and so on.

It's no different to people using fiat money as a medium for drug trafficing and prostitution, the only difference is that bitcoins costs way much and is untraceable after transaction. This distorts the image of bitcoins and I hope this stops.

[dreamer81]

haha, so is fiat. Everything is used in crimes. gold, fiat, crypto, cash, wires, banks, dont think you can FUD bitcoiun with comments like that my friend.

[Vaskiy]

Long back itself bitcoin has got its usage into crimes. In specific it got its increased usage into illegal transactions as well into drug purchases. Recently several countries legalized the usage of certain drugs for medicinal usage. As a part one ico too has got existed based on marijuana. Hope in the upcoming days the usage of bitcoin into crimes will decrease drastically.

[manirobson]

Its totally possible that bitcoin is having an unfair share of bad press. Criminals will always find a way to hide their nefarious engagements. Studies have shown very minimal usage of bitcoin by crime organizations for funding illicit activities.