Bitcoin Are Now Used in Crimes

[SparkSun]

Every monetary items are used in crime,  Like gold,  silver and every payment system mobile banking normal banking I mean to say each and every exchange systems are used to complete a crime,  which is easy to operate a crime bad people immediately choose that medium.

[Dulanjaya]

Since bitcoin is a crypto currency which is running on decentralized network system, Bitcoin has not central authority, therefore, we can’t prevent huge amount of bitcoin’s crime committed. I have seen crimes such as scams, gambling, etc. Also, bitcoin have taken the place of money, bitcoin is also used to fee the cost of  gun dealing, drug dealing too. Some governments are going to legislate bitcoin, if it is done, crimes will decrease in future.

[Yokonaumiyaki000]

Everything related or involved with money can be used for crime. Bitcoin is also a target, with its high value and untrackable transactions, no wonder people are using it for crimes. But this only ruins the name of bitcoin, hope people would stop doing crimes and try to understand bitcoin more(they can also earn here).

[millionaireshs]

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.

Actually it is not new, Bitcoin is using in darkweb since before, commonly in many illegal transactions. It was existing since before, before it booms in web and before being widely known in public.
Today, since we and our government are already aware in this happenings, I am hoping that we can address that problem and get rid of those criminals.

[Zero1One0]

The early, early adopters of bitcoin are actually the underground organizations - as they need something of value that is easily tradeable and trustless in exchange for good or services.

Check Silk Road history here: https://en.wikipedia.org/wiki/Silk_Road_(marketplace)

[xiguadady]

  bitcoin has been linked to criminal activities and this is not a revelation. Bitcoin will probably continue to be used for criminal activities in the future

[awawo]

No one can denies the fact that bitcoin and other cryptocurrencies is and will be use for crime just like every other traditional currencies are use for crime also, but bitcoin has provided criminals the opportunity to carry out they transactions dark market with total freedom without trance and buying of drugs arms and laundering money is now very easy with bitcoin and the other cryptocurrencies. Is very difficult or almost impossible to prevent this from happening due to the decentralized nature of bitcoin.

[Pancheng]

Yes it is also used in crimes.

Crime is like science it has many branches, some people do many unnecessary things, I'll activities that they do not it is a crime already,  like buying videos on porn sites, creating fake applications to mine and generate bitcoin but their purpose is to steal password and have access to their accounts.

[PatronRH]

Due to it's nature and untraceability Bitcoins have always been used for crimes. As long as it acquire this characteristic it will be used for crime purposes. By bitcoun you can buy drugs, weapons, fake identities ...
But lets be real You can make the same crimes with USD.The problem isn't with Bc it is with people.

[bhabygrim]

The early, early adopters of bitcoin are actually the underground organizations - as they need something of value that is easily tradeable and trustless in exchange for good or services.

Check Silk Road history here: https://en.wikipedia.org/wiki/Silk_Road_(marketplace)

Yes it is true when I first search about bitcoin it was really connected to the Deep Web or Dark Net,
And it is used for buying some illegal stuff back there but I guess any currency could be used for crimes ,
I mean they are also using Fiat to buy some illegal stuff's so there is nothing new to this ,
Except that maybe in Crypto-currency it is much more easier to do because of the anonymity of the user.

[Tanu10]

I think nothing if perfect and i hope there is a way in future to prevent bitcoin used for crimes. And If this is criminal activity then we all criminals if government this like that.

[gordeevaar]

A lot of people might be using Bitcoins for crimes but this happens with other forms of payment as well.

[Raven91]

Bitcoin now is very useful but now many people are abusing it and they use btc for scam,crimes and other bad influences.And i know that until today btc is now spreading and they are using these btc for crimes and for their own.They didnt think what will happen next if they do this crimes that involves btc.we should be aware of those crimes that involves btc.

[jimlyon]

We know Bitcoin to be the first digital currency on the web, and it's been linked to criminal activities before. Bitcoin will likely be used for criminal activities in the near future too, and Bitcoin is not untraceable completely, meaning you can still be traced if you're not careful with the sensitive info you post online....!!!! 




 

[weblaraveluser]

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 is possible for bitcoins to be used by criminals since it is a digital currency, but the concept is just like the same on fiat, they should ban bitcoins because it is helping other people to earn money to sustain their daily life rather than working on the corporate world with just a small amount of salary.

[jamesclark]

Criminals have used all types of currencies as mediums of exchange, so I don't think it's terribly surprising that they would use Bitcoin as well. Bitcoin does have some features that would make it appealing, but clearly it is just a side-effect of the way cryptocurrency is designed.

[Crafts12]

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 can be used in some illegal activities in the internet and it is one of its many disadvantages. Bitcoin serves as the payment in the internet for those illegal things they buy online. For example, buying illegal drugs, illegal guns, and many other more activities. As a result of that, the crime rate of a specific place will increase. More people will use bitcoin to do illegal things so it is better for us to be safe always.

[rasmadisulaiman]

All these problems are diseases that need to be destroyed, the misuse of bitcoin as a criminal transaction makes people judge bitcoin as something bad. But here's the decentralized and anonymous bitcoin, superior to other currencies, and abused by criminals.

[ChiBitCTy]

If it’s not Bitcoin it’s going to be something else. The rise in cryptocurrency has stemmed many alternatives which are much more anonymous than Bitcoin itself.  The case of Silk Road shows exactly how people can be tracked down via Bitcoin payments.

[nesh1]

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 don't think now bitcoin is at that level were it is uses by the illegal workers to make illegal deals because bitcoin now not more anonymous currently because the main reason is that online attention of the transaction is now more by the governments of the countries ,so no chance for the person to use bitcoin for illegal works .
And also we can see that people are mostly paying tax for the use of bitcoin and everything is in online ,so no one will try to use bitcoin with wrong person .
It was old time when few people were using bitcoin for such types of works which were not good , but now bitcoin is more clear and people are using for trading and payment system .

I agree with you but now that people know more about it the crimes are also getting higher nobody knows how much money you send for something illegal because it is anonymous.