Bitcoin Are Now Used in Crimes

[furry04]

I have seen a documentary regarding silk road crimes and there yes it was used for crimes such as drugs and guns. but they were able to find the persons behind it.

[kkofor]

Bitcoin has anonymous feature. So, Criminals are very interested in it. We can't do anything. Hope that Government can find out the way to solve this problem

[awilliams]

No matter what currency, there will always be crime that facilitates it. There's no way to regulate currency tbh unless the IRS screens every transaction

[kendra1107]

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 definitely is! Remember that these criminals also have great influence, wide connections, and somehow, may also be part of certain elite groups. So it is more likely that they will certainly take grab of the crypto world to take advantage of the use of digital currencies. Criminals always find ways to get into anything they can profit from.

[TonixGaming_14]

Bitcoin can be a source of crime. Due to many people post most of their bitcoin accounts online they can be targeted by those who are desperate to earn bitcoin quickly. It can also be used as a way of payment for some illegal tradings and can't be tracked by the government.

There a lot of source of crime and they are using bitcoin. but they cannot trace by the government because it is anonymous. even they can use in crime but it have a good ways to earn bitcoin you will participate in the ICO and earn for bitcoin in good ways not in bad ways it was not good for us even if you are part of them. be nice in using bitcoin.

[Nilda]

Marked money or funds transfer can be traced. Bitcoins, right now is virtually untraceable. That makes it appealing to the criminal types. Law enforcement agencies should be ones to persuade governments to regulate cryptocurrencies if they want to be a step ahead of syndicates.

[Bitcoinislifer09]

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 is used for crimes.They used bitcoin for crimes because it is very open for public. So if they commit a crime using a bitcoin  the government will not find out or  will not know who committed the crime.Also the terrorist use the bitcoin to attack or to have an information about to another country.

[Sarah08]

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 really so successful now, and bitcoin is widely used by many people. Bitcoins have always been used for crimes. You can look back and see for yourself ie. Silkroad. I doubt that's going to change anytime soon, but that shouldn't be a reason for people not to accept Bitcoins. I see people who make this argument all the time. You can make the same argument that USD has been used for crimes, but that doesn't stop people from not using it. It is very good for all people.

[bitfornewbs]

Anything can be use in crimes. Basically, bitcoin is a crytocurrency where you can use it through everything . For example, using bitcoins in gambling whether you use it in a good way there 's always a bad way will pop out. Bitcoins can use as a transaction where crime also use in there. What can you expect from here, at a high price of bitcoins there are still crimes occur.

[rohqit]

People will always find ways to launder money, what im worried about is the next major attack that is discovered to be financed by using the anonymous nature of bitcoin. One of those and this house of cards will come tumbling down overnight, with overzealous politicians creating all types of laws soon to follow....at least that is how it will play out in the US, guaranteed.

[BlackRock]

These days ?
LOL ..OP is not heard of Silk Route..
Bitcoin is used for all kind of crimes since 2014

[eddyhalim]

since the day bitcoin was born, it has been used by criminals for many years due to benefits they brought to criminals like secure and anonymous in transactions, can not be traced by law enforcement, so these advantages need to be fixed so bitcoin can get trusts from people.

[AgentZero23]

That is the dark side of bitcoin it is being used in Illegal activities and fraud. Because using bitcoins is anonymous and easy, which means its a favorite among criminals.

[phelbaby]

Both fiat money and all cryptocurrency including Bitcoin can be used for crimes,in  business both legal and illegal needs currency ,so its possible to use BITCOIN for crimes.

[Lukochuri78]

you are right. only for this reason, every country is not agree to permit to use BTC for daily use.
Decentralized transaction means it is an illegal way and all smuggler are use this facilities for their criminal activities.

[Tiktik]

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.

All money can use to crimes bitcoin is only a money even it knows that this is a digital currency i see that bitcoin use to buy drugs and other things that related in crimes and some people scammed many people they are using bitcoin to scammes many people.

[ausbit]

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

You are right the bitcoin is very hard to track and to be use but if you are not having the proper value and the profit, I am sure the future of the bitcoin will give you the proper value and the income I am very sure the bitcoin will increase in the value and this is the main reason why the bitcoin is getting famous I hope the bitcoin will give you the best value and the price as much as I can see.

[Dr.Osh]

well, there may be some individuals who use bitcoin for crime. we can not resist it. even dollars are also commonly used for crime. well, all we have to do is try to use bitcoin in a good way.

[bitcoinorcash]

Yes bitcoin is really used in some sort of crimes because of the anonymity that it offers within your transactions.But paper money is also used and it was really the first currency to be used in crimes.I think not all the crimes were really made because of bitcoin.

[Sithara007]

Bruh what about when u pop a tenner to ur homie drug dealer for weed -.-

Weed is no longer considered as an illegal drug in many of the American states (and I hope many more states will follow this example, with the exception of the bible belt). The thing is that fiat cash is still used for the vast majority of the drug purchases. And even in dark markets, fully anonymous currencies such as Monero and Zcash have managed to dethrone Bitcoin.