Bitcoin Are Now Used in Crimes

[Sacredtoad]

It is expected that bitcoin would be used in crimes because it is like sending anonymous money to people the legal way because  in my country i pay tax if i cash out my bitcoins but this does not mean you can ban bitcoin because of some people are using it for crimes.

[1714683111]

1714683111

[Renampun]

cannot be avoided, Bitcoin, Cash, Gold and other exchange tools will always be exploited by criminals for their crime transactions,
but Bitcoin transactions will be recorded on Blockchain and it can be in the know, it is very good ...

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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.

Yeah, based on the rumor I heard which is really true. Bitcoin are used im crimes, they used it illegally. Because somehow and somewhat police don't ever traced or track the root.

[MommyElsa]

Bitcoin can be used for crimes. The fast and easy transaction that will not verify by the policemen and government can be used by criminals because the transaction can be hide and cannot be trace anymore.

[Sithara007]

Bitcoin can be used for crimes. The fast and easy transaction that will not verify by the policemen and government can be used by criminals because the transaction can be hide and cannot be trace anymore.

Anonymity used to be one of the advantages of Bitcoin. But that is not the case anymore. A few months back, the cops in Denmark arrested a few drug dealers after tracing their Bitcoin transactions. So drug dealers are more careful now. They have shifted to anonymous coins such as Monero and Blackbytes.

[jennywhzz]

That was the main redeeming factor that created a demand in the beginning and whether those trading knew it or not, the initial values hit their marks because the demand was there in the criminal world, the anonymous monetary world and many other aspects. The success of Bitcoin today can hang its hat on those early times.

[2girls]

It always was, well, at least 80% of its life-cycle. Bitcoin because more well known because of the early use in money laundering and many people would have no idea is exited if not for those times.

[Asusnumbaone]

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.

Even before it is in crime especially in the deep web. Some sites there are operating or have a membership fee the bitcoin. If you pay you can have access to the porn sites there and take note not just a porn site but children there are being abused and rape. Eversince it is used in the illegal transactions like buying of drugs, illegal guns and many more. Bitcoin is used as a currency there and a payment. Some people used bitcoin to transact or hired a killer or hacker there. Bitcoin has a lots of used in the dark net

[globe-biz]

Cash is now used in crimes

[daarul50]

Related to this topic, I personally deeply regret because bitcoin is used for crime. Should the technological developments in the form of this economy are utilized as well as possible for the progress of all people or various countries, but there are always people who take advantage of these developments. Let alone the system of blockchain is a digital currency that is universal. With cases in some countries using bitcoin as a crime, we should always be careful to keep our wallet safe. It seems that bitcoin users in the future really need extra security for the convenience of the user. Hopefully, there is a solution to this problem because if allowed to drag on will cause public confidence in bitcoin decreases.

[Chekh0vFun]

Hi,there are plans for android and Os wallet?

[2bfree]

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 always thought printing fiat money was  a crime. What do you mean by "crime"

[Bayuanggara]

Anonymous bitcoin transactions make it the preferred method of payment for cybercriminals in blackmailing their targets.
Transactions with bitcoin can not be canceled or withdrawn. So once a payment is made or a bitcoin is transferred to a different address, then it is finished. No one party can return the bitcoin to the owner. These two things become the advantages as well as the lack of bitcoin. These two things also provide loopholes for cyber criminals to steal other users' bitcoins or use bitcoin as a crime payment currency.

[Malaya]

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.

You got a valid point on this. Bitcoin is being used for illegal transaction online as well because of its untraceable nature. Though we know that bitcoin is helping a lot of people for an easier transaction for good use, there are also bad people who use it for their own gain to make bad intention for others. Example, the new crime we know now at the internet like the child exploitation live videos allowing the perpetrators to command children to do something illegal. They usually transact through bitcoin to make sure that their transactions has no record to the public.

[Hexcolyte]

Yep, decentralization does bring certain consequences. If we want to use Bitcoin as a legalized currency for day-to-day businesses, a degree of regulation can be applied as long as it does not destroy the decentralization nature of Bitcoin. An uncontrollable currency being used in crime is totally reasonable since, we are humans

Btw the current fiat currencies are also being used in crimes.

[moooonu]

A small quantity of bitcoin worth alot these days. Bitcoin is used in crime because of its high price and anonymity. Funds can be easily transferred from one place to another without anyone knowing about it.

[FIFA worldcup]

Its not new its started from begin. Most of user use it of some illegal activities. Like drugs, Gambling, and Money laundering. We all are aware about the disadvantage of bitcoin which is untraceable. Since there's no control on bitcoin so its hard to caught them.

[markdario112616]

I won't be shock that criminals and/syndicates use Bitcoin as a form payment. Due to the reason that the industry is decentralized, These people use it as an advantage to transact freely under the radar of the Government. Also due to the anonimity of the user it maximizes the reach of the syndicates/criminals.

Bitcoin could be the breakthrough of the crime world, as all of the transactions are untraceable. Which give them an advantage against the police and/or the law. It would be a disaster when all of the criminals/syndicates/terrorists used this to organize an attack. It would cause chaos and for sure the damage that can be done will be beyond our imagination.

[Faxmate]

Bitcoin technologies are not even close to perfect. They're anonymous, possess a little fee and a high-speed of transfers. This will work for scammers and those who are away from legislation. But it's a matter of time. Each time the protection systems improve. There is a struggle in between hackers and security services.

Actually bitcoin is not here for any crime or for any bad things when you read bitcoin so it will teach you a lot of good things because bitcoin is here to help us so we need to use bitcoin for good things and I heard bitcoin is not going to donate as well to some organization which is using for against crime and other human right violation.

[Swopon]

Yeah it's sad but true that bitcoin now used in many crimes.Also it was used and will use in crimes.We can see that in dark web.They hire murdered and paid with bitcoin.Also people are now using bitcoin to buy drugs.