Is bitcoin used by criminals ?

[Elhindinho]

of course Bitcoin is used by criminals, even terrorists, because Bitcoin is anonymous. Some countries like France, South Korea and my Country, Indonesia, now worry to bitcoin, because bitcoin is used by tax evaders and terrorist. South Korea now limits the bitcoin transactions in their domestic only. Their citizens cannot trade bitcoin to other countries. France will regulate strict rules about bitcoin. and Indonesia even forbid bitcoin to be used as deal exchange.

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[Theodore19]

Given that it provides anonymity, it's no secret that bad people are taking advantage of not only Bitcoin, but the entire crypto space.There are a lot of other mediums used by criminals such as fiat and as said, 'cooking knives' but this does necessarily render these things as bad or illegal. It all comes done to the user and their morals.

[David454545]

Although its existence began to be widely acknowledged to be able to help various sectors, there are certain parties who still feel the sanctity of Bitcoin security. Many call that this digital currency could be a source of cyber crime that makes the perpetrators are not traced.You asking that question means you still need to do more research, because yes, bitcoin was used by criminals in the deepweb.

[yonjitsu]

As bitcoin becomes the mainstream of the crypto currencies, there is no reason these criminal is finding a way to transact on the blockchain using bitcoin without being traced. Bitcoin and the crpto becomes the new handy tool for criminals now because of its anonymous in nature.

[Alex_nutis]

Using bitcoin by terrorists in the form of money is possible. But any criminal needs dollars. And to withdraw cash from the crypto currency in large amounts is difficult. For this reason, it seems to me that payments in large amounts are not possible.

[LindaFallar]

Our society now id full of bad people. Since bitcoin is a business, we can't avoid that bitcoins is used by criminals. There are lots of Scam. And we all know that criminals do scams. Well, it is in the hand of the user if he/she will take good care of his/her account.
Criminals like to earn money in easy way. So, I think that we the use of bitcoin must be aware of those bad guys that surrounds us.

[Myangel20]

Yes. Criminals will use everything to fund their bad works. Bitcoin is a good source of money so they will use it.

[Carlsen]

Every kind of person can use bitcoin, no matter what his intentions are.
The anonymous nature of bitcoin and other crypto currencies is of course a feature that criminals like. That is unfortunate, but something we can not deny it.
So I would assume that many criminals use crypto currencies.
But that does not mean that many users uf crypto currencies are criminals.

[mistanama]

I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.

I have never heard that bitcoin has been used badly and nobody can say that it is actually used. It's hard to use in crime, too much security in bitcoin. They are not, as long as they can be used in crime. They carry a lot when they enter the bitcoin immediately. Bitcoin is used for people to rise in life and to become rich. Not for evil use and for people to cheat.

[sudhirratra68]

There is often a public misconception that Bitcoin is mostly used by criminals, but nothing could be further from the truth. This is mainly because many people think Bitcoin is anonymous, when in fact it’s the opposite - all Bitcoin transactions are transparent for the whole world to see. People might not be able to link the identity to Bitcoin right away, but once they do, they can track everything you’ve ever done on the Bitcoin network. This makes it a particularly bad tool for illicit use.

While Bitcoin might actually turn out to be one of the safest and least ‘bad’ ways to use the money, it doesn’t mean that criminals don’t use it. Just like normal money, they do. But there are two important things to note - firstly, that as more data becomes available in the industry, the more it is becoming clear the number of bad uses is very, very minute - if the entire Bitcoin ecosystem is represented by a big mountain, the size of the bad parts is a couple of rocks. Second, that in any financial system, this is a risk that can never be eliminated, merely mitigated, and Bitcoin has some of the best tools in the world for that.

[Astvile]

We are so done with this topic,any currency is can be used by anyone whatever who they are or what type of person you are.Currency is exclusive as long as you have it and you earned from it.Now if a criminal use money for criminal things then lets just say their are just abusing their  " rights " in using money/currency.

[propagate]

The real  criminals are the one's printing fiat, collecting taxes and sellings weapons around the world.

Indeed

The big fiat guys like JPMorgan often say bitcoin is used for drugs, money laundering and crime.


Yet big banks have in the past laundered fiat money for drug cartels and when caught nobody got jail time.  They got an insignificant fine.

[deeofficialx]

That might be true. Year 2012 when I first heard about bitcoin, and it was not a good thing to hear 'cause according to what I have read, it was being used in DeepWeb to pay up hackers and assassins. DeepWeb issue maybe true, and maybe not, but we can't deny the fact that it was being used by a criminals: scammers to be exact.

[garen21]

so the criminals use bitcoin to get scams especially those who are easily able to locate and see criminals because of why they are doing the crime.

[Edrian]

I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.

If you only know what dark web is, almost 80% part of the internet are used for illegal activities that have been conducted anonymously, there are lots of illegal black market in deep web or they called the it darknet, for example, one of the website seized by the authority was the Silkroad website which they sell drugs, child pornography, weapons and other illegal sorts of things and they used bitcoin as payments, bitcoin and other cryptos was abused in the deep web because of its nature of being anonymous. There is also a site which is you can hire a contracted killer in dark web that you can pay with bitcoin.

It is true that in every good thing there is also a bad thing in this world.

[DoublerHunter]

Almost all of the form of money is being used by the criminals because that is their way of transferring fund to their other groups in order to buy something without having some trouble for their selves. I think that in the first few years of bitcoin that the other cryptocurrencies are still not existing, they are surely using bitcoin because of its 'anonymous' transaction.

[zokilnmet]

There is often public misconception that Bitcoin is mostly used by criminals, but nothing could be further from the truth. This is mainly because many people think Bitcoin is anonymous, when in fact it’s the opposite - all Bitcoin transactions are transparent for the whole world to see. People might not be able to link the identity to Bitcoin right away (that is also why it is sometimes called ‘pseudo anonymous’), but once they do, they can track everything you’ve ever done on the Bitcoin network. This makes it a particularly bad tool for illicit use.

[luigidosado]

I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.

Internet and bitcoin are two of the most powerful thing created here on earth. Bitcoin and internet is probably connected to each other for they support each other. Internet connects everything around the world wirelessly, an exchange of message or information can be done in a second from the different parts of the world, and bitcoin, which is created on the internet is one of the best medium for transactions worldwide. Bitcoin by its nature is anonymous and protects the identity of its user which makes it the ideal mode of payment for those who wants to use bitcoin for illegal and criminal activities.

[Crypto Jaga]

criminals use everything. They steal millions of $, but no-one talks about banning $, the same should go with bitcoin or any other cryptocurrency.

[JakeJake99]

I am a little bit tired of hearing stuff like this. Bitcoin is implicated to terror activities, to illegal activities, to the deep web where everything appears to be illegal thus underground, and so on. There is no point really to generalize anything at this point as a some kind of tool for terrorists.For those who are easily affected will definitely consider bitcoin very bad.