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Author Topic: Bitcoins for illegal activity  (Read 2073 times)
Ca.ming14
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April 30, 2018, 01:53:12 AM
 #541

You are right, but i think there's no problem with it because even fiat currency is always been used in any illegal activity yet it's value doesn't change.
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Batang Hambog
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April 30, 2018, 02:46:03 AM
 #542

From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.
Not in India all over the these things are happening over more than hundred yearsBitcoin is a decentralised, digital currency. Its quiet difficult to find the bitcoin trader. Bitcoin has become the most valued currency. Bitcoin is first used in illegal trade by ransomeware hackers. This news has created a bad impression about bitcoin all over the world. Now countries like Australia, USA are banning biotin by having security reasons
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April 30, 2018, 02:50:05 AM
 #543

From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.

This is  not a new things anymore. If you can see, there are already cases like that that involve fiat money. As of now, it would be easier to use bitcoin as payment for these illegal drugs because the transfer of bitcoin is just one click away and there will be no traces whether where it came from,
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