How to treat bitcoin as a cyber crime tool?

[RACallanta]

It can happen. Actually it happen in other country thats why they ban bitcoin. Bitcoin can buy thing by using internet connection. Like terorist, they buy guns and grenade by using bitcoin and they can buy anything if they have a money on thier wallet like coins.ph. But some country who already experience that case, they ban the bitcoin or the cryptocurrency on thier country.

[busua]

Tool innocence actually dwarfs Bitcoins. As an anarchic government-rich tool, bitcoin itself tells us: "You have one final option, that is, breaking the law / committing crimes." Many people live in Little Bourgeois It has been too long, may have forgotten this.

[ommochain]

Once had a friend on the dark network, there is no Alipay, WeChat payment, online banking, there is only bitcoin. Yes, you did not get it wrong, that's bitcoin. There are firearms, drugs, and even some things you can not possibly think of, all bought in bitcoin. For criminals, it is very convenient, because bitcoin is not named, which gives criminals the opportunity to take advantage of, coupled with the hidden dark network, bitcoin is almost synonymous with crime.

[dicom]

Some people worry that Bitcoin may be more attractive to criminals because it can be used for private and irrevocable payments. However, these features already exist in the well-established, widely used cash and wire transfer. The use of bitcoin will undoubtedly be subject to similar provisions already in place in the existing financial system and it is unlikely to hinder the conduct of criminal investigations. In general, controversy is common until some important breakthroughs are not known. Among them, the Internet is a good example to illustrate this situation.

[haocoin]

Due to the bitcoin's denominator, the original bitcoin was used in the dark corners behind us, such as the black market for drugs, computer viruses, and munitions. For example, last year's global ransomware "Eternal Blue", infected people need to pay 300 to 600 US dollars worth of bitcoin to make the computer back to normal, otherwise the computer's data will be permanently encrypted. This only shows that some people use the characteristics of bitcoin to commit crimes, any one tool may become a tool for killing people. Bitcoin is just an excuse for their crimes.

[Newboybb]

Maybe bitcoin used to be a tool for money laundering.
But if bitcoin is now used as a tool for money laundering, the criminals are a bunch of stupid people. Because more anonymous tokens have emerged, it is safer to use these anonymous tokens for money laundering, and bitcoin is now more of an investment.

[Bitcoinjheta]

Maybe bitcoin used to be a tool for money laundering.
But if bitcoin is now used as a tool for money laundering, the criminals are a bunch of stupid people. Because more anonymous tokens have emerged, it is safer to use these anonymous tokens for money laundering, and bitcoin is now more of an investment.

That's absolutely true mate, it maybe used to money laundering because they can easily withdraw a huge money in anonymous name. So the best way to treat bitcoin as a cyber tool is make a ticket just like what they do to bounty. Required to fill up for example ,a (KYC) Know Your Customer to prevent from criminal doing.

[MCVXYZ]

Do you think bitcoin will turn into a crime tool? Many people use bitcoin to do some illegal activities, what do you think?

There are a lot of threads about it and there is no need to creat more...
All we know that bitcoin is not a favourable tool for cyber crime because its easier for investigative agencies to investigate criminal activities with bitcoin,first of all companies are trying to find new ways which will facilitate the investigation,for example I have just heard about bitfury's new project known as crystal(A Blockchain Investigative Tool for Law Enforcement and Financial Institutions),I don't have time to read more about this but you can see here or their website,(http://bitfury.com/content/4-press/1_30_2018_bitfury_releases_crystal.pdf)