Bitcoin Are Now Used in Crimes

[johnwest]

Bitcoins were used in crime and money laundering from long time now. There are lots of people who use the anonymity and fast transaction to their advantage. Its really hard to track them down with different rules for different countries.

[1714704082]

1714704082

[1714704082]

1714704082

[1714704082]

1714704082

[1714704082]

1714704082

[deviant99]

No one wonder if this thing doesn't exist. As always all of the things can be used in crimes. Yes bitcoins can be used for crimes and there are always some people who used it to do a illegal thing using bitcoin. It is on human nature whether a person uses it on a good or in bad. Everything under technology has been used in crimes.

[Yankeestyle]

Bitcoins were used in crime and money laundering from long time now. There are lots of people who use the anonymity and fast transaction to their advantage. Its really hard to track them down with different rules for different countries.

Bitcoins were utilized as a part of wrongdoing and illegal tax avoidance from long time now. There are bunches of individuals who utilize the obscurity and quick exchange further bolstering their good fortune. Its truly difficult to track them down with various guidelines for various nations

[mriansa]

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 a digital currency that can be used for anything, innocent bitcoin over criminality cases, the guilty are those who abuse bitcoin as a ransom tool or become a means of payment of crime.

[Chrystora123]

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.

it will not be inevitable, in the future surely the criminals, corruptors and mafia will definitely take advantage of Bitcoin to perform their dirty transactions,
hopefully later found a way to trace their dirty transaction ...

[Liveelectric]

Bitcoins were used in crime and money laundering from long time now. There are lots of people who use the anonymity and fast transaction to their advantage. Its really hard to track them down with different rules for different countries.

Bitcoins were utilized as a part of wrongdoing and illegal tax avoidance from long time now. There are bunches of individuals who utilize the obscurity and quick exchange further bolstering their good fortune. Its truly difficult to track them down with various guidelines for various nations

I agree, Bitcoin has always been a method to buy things illegal online and it has always really been used for crimes because it is not being controled.
So i think that it is not really a difference then and now.

[waqarkahloon]

Every currency is used in crimes like USD euro gold silver then why people think bitcoin is an exception. It is a currency and can be used in crimes as well like a regular currency. So we cannot say this cannot be used in crimes but it is somehow easy to trace money as we have record of each transaction

[nidacoinlove]

Bitcoins were used in crime and money laundering from long time now. There are lots of people who use the anonymity and fast transaction to their advantage. Its really hard to track them down with different rules for different countries.

Yes but it doesn't mean that bitcoin is the only currency that is used in illegal activities.  Before bitcoin there were illegal activities with other currencies and still other currencies are used for illegal activities like money laundering.
Nor do these activities makes bitcoin a bad one. Everyone has it's own choice to do things both legally or illegal, it depends on the nature of the individual using bitcoin.

[Direwolve735]

Bitcoin is a successful alternative to traditional money for Internet fraud. Bitcoin is the perfect weapon for a crime. It can be used for drug selling, in money laundering, for hacker attacks and ransom requirement. A single standard for the regulation of the "digital currency" is absent, therefore each country independently determines whether operations with bitcoins are in violation of local laws or not.

[Lomperd1]

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 a digital currency that can be used for anything, innocent bitcoin over criminality cases, the guilty are those who abuse bitcoin as a ransom tool or become a means of payment of crime.

It can be used for everything i agree. They are going to affect the price for us legall users who are just want to make money with it using it. Some people do it that the price goes down.

Some wants that the government must take action against this.

[marykprice]

Its just a trend, cryptocurrencies look harder to track so they use it. Simple logic

[Wanserpent]

Bitcoin has been used for crimes for a long time because then bitcoin has never been controlled by anyone so a lot of hackers and scammers are online on bitcoin.
So that is why you should always be warry of what you are doing.

[arthotdog]

Just like physical money,bitcoin is convertable into money too.so whats the difference of using bitcoin and money for crime?criminals are criminals.even if without bitcoin they will commit crime still in any means of support so i think theres no need to agrue about this post.

[bitfocus]

Anything that has a value can be used for anything, criminals are attracted to BTC as BTC is not traceable yet. But BTC is not a crime money itself.

[pathapoddo]

Yes, bitcoin is now using for crime.  Because bitcoin has no control. It is decentralized. Anyone can use it for buying dangerous weapon. Bitcoin authority should keep on it.

[btcjocan]

Yes, bitcoin is now using for crime.  Because bitcoin has no control. It is decentralized. Anyone can use it for buying dangerous weapon. Bitcoin authority should keep on it.

This is dangerous. If all the rich people will use bitcoin for doing crime in secret and paying the killers through bitcoin this is not a good news for everyone. I hope that this kind of actions will not continue because all innocent people will be endangered if those evil people will do use bitcoin for their own satisfaction and bad plans.

[AnoukiEXO11]

Not for now only, Bitcoin is being used in crimes right at the start just because of its secure so it's really hard to find out the owner of any transaction cause it's almost anonymous. Because of these cases there are a lot of bad guys are taking advatage of Bitcoin everyday to commit crime like money laundering, tax evasion or drug trafficking. IMO I think this is the reason why Bitcoin still not legalized worldwide and even banned in few countries.

[Cyberczar]

That bitcoin is decentralized doesn't really mean that it is completely anonymous. Exchanges would ask for your ID and I'm sure law enforcement agencies would have ways of tracking the most heineous crimes, seven if the money trail is via crypt I currencies.

[cryptojac17]

You would be surprised what sort of things can be used as means for exchanging money for facilitation of criminal activity. One example is diamonds. People think diamond are a symbol of love and pureness, but there are powerful people that practically control the industry and have slaves who mine diamonds at the bottom of the system.

Yeah in terms of criminal activities any thing that is valuable can be used to facilitate criminal activities. but crypto curency has and edge in terms of security because it is digital we can develop sophisticated security features that can be traceable in case of there is an anomaly,we shut down validity of the of that currency with suspected anomaly so that it cannot be used to some illegal activities while material things can be stolen with out trace ability.

[Senswh]

Anything that has a value can be used for anything, criminals are attracted to BTC as BTC is not traceable yet. But BTC is not a crime money itself.

yap thats why Criminal is more attracted with digital currencies and more important bitcoin is not legal so be aware guys