Criminals and Bitcoin

[Wajan]

criminals and bitcoin are different, the bitcoin is an official job that has been recognized all over the world, so do not judge that bitcoin is a criminal, I think bitcoin will be more advanced and will be recognized by the world.

[ebetlupet143]

Bitcoins have nothing to do with this crooks since it is made as an installment framework simply like the fiat. Fiat has been utilized by the awful components in our general public for their unlawful exercises and now they to swing to bitcoin on the grounds that it is more productive and the exchanges are relatively unknown. These are the reasons why a few governments are forcing a few directions to keep their residents from being exploited by online tricks and screen those individuals who utilize bitcoin in tax evasion, sedate trafficking and in terroristic exercises.

[suzanogbomo]

Bitcoin was it's earliest days easily used for illicit trades. Bitcoin  is no longer anonymous since kyc is now required for many excahges especially when substantial amount is involved

[Maiscoinyelo]

I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes)  and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.

For me, I am upset to hear the news that bitcoin are used by hackers terrorists and criminals. I think it is one of the disadvantage of bitcoin since it is decentralized so anyone can use bitcoin and they use bitcoin for bad purposes. I hope that it will stop as soon as possible.

[Kunzaii]

criminals and bitcoin are different, the bitcoin is an official job that has been recognized all over the world, so do not judge that bitcoin is a criminal, I think bitcoin will be more advanced and will be recognized by the world.

True, but Bitcoin (and other altcoins) can facilitate illegal activities. It's easier to make a large transaction by using crypto's than transferring the same amount cash... Nevertheless I believe more in crypto/digital currency than in cash.

[LDenis555]

It is worth to separate the concepts of bitcoin and fraud. Many people talk about this as if there are no risks and criminality in other payment systems or promotions

[priyanjana]

There is two side of everything. We can use something for the betterment of the society as well as to destroy the society. Bitcoin is just like a knife. We can use it for many useful things as well as for illegal purpose. It not a problem or fault in bitcoin, it a problem with society mindset. Criminals always use the easiest thing to do their activities. If bitcoin die, they will find another way. To add some kind of regulation, we can introduce KYC and AML system for bitcoin exchanges.

[removebeforeflight]

These are baseless and false news spread across to make Bitcoin as a worthless coin to people who don't know anything about that. To be specific it is very easy to track Bitcoin transactions on whom it has been transacted with the blocks since the transactions are stored in the blocks for ever for Bitcoin. This facility do not have in internet transactions or banking transactions and only Bitcoin block chain technology has this. Now you can imagine how transparent is Bitcoin.

[Netnox]

Bitcoin was it's earliest days easily used for illicit trades. Bitcoin  is no longer anonymous since kyc is now required for many excahges especially when substantial amount is involved

How is the KYC requirement for exchanges going to change anything? The criminals will just use other means to convert their coins to fiat. And not all of the exchanges have this KYC requirement.

[amsiran_irene]

Bitcoin was it's earliest days easily used for illicit trades. Bitcoin  is no longer anonymous since kyc is now required for many excahges especially when substantial amount is involved

How is the KYC requirement for exchanges going to change anything? The criminals will just use other means to convert their coins to fiat. And not all of the exchanges have this KYC requirement.

Correct me if i am wrong, KYC only required for the exchanger but still this doesn't stop the criminals for doing so. and still bitcoin is anonymous when it comes to blockchain transactions.

[bangdol]

criminals and bitcoin are different, the bitcoin is an official job that has been recognized all over the world, so do not judge that bitcoin is a criminal, I think bitcoin will be more advanced and will be recognized by the world.

they are both different, but all depend on how to get them. one of the reasons why bitcoin is not yet acceptable in all countries of the world is the tendency of bitcoin to be used as a larger crime tool hence it is strictly prohibited.

[Way2Cool]

don't blame Bitcoin. it is just an instrument like fiat money.
if criminals use them this doesn't mean Bitcoin is a bad thing. if criminals exist don't blame bitcoin please.

[Bunker]

Those acts are totally dependable on those people who are desperately wanted to obtain Bitcoin and do not know the essence of doing hard work to earn and gain for their own purpose.

[guppak]

I think the use of fiat currency for more criminal acts. In some countries not even criminals who commit crimes with fiat currency. Even state officials commit crimes in the form of corruption. Thus it is not necessary to establish bitcoin is the culprit of evil. This is very bad news.

[bidadari22_]

In my opinion criminals will be able to use bitcoin just as they use dollars and other currencies to trade on the black market, and decentralized and untraceable bitcoins are a boon for them to use

[Loopper]

I think the use of fiat currency for more criminal acts. In some countries not even criminals who commit crimes with fiat currency. Even state officials commit crimes in the form of corruption. Thus it is not necessary to establish bitcoin is the culprit of evil. This is very bad news.

It could happen, many ways will be done on the criminal than playing Bitcoin. We worry too much about bad things.

[Casa_de_Nova]

It is not the bitcoin the danger but it is the user who made it a danger or not but paying with btc deals of drugs or other is a threat of the user not the btc

[amsiran_irene]

Criminals are there prior to the development of Bitcoin. Criminals are broad in nature, and this can be associated with any kinds of illegal transactions. Bitcoin is not develop for the criminals sole purpose.

[mrsimons121]

bitcoin currency is not responsible for things like criminal or a crime anyhow. Before bitcoin the presence here is a crime and it will cause the occurrence if bitcoin does not exist.

[Bountyhunter01]

Bitcoin is a biggest currency in the digital world. Bitcoin is not responsible for any criminal way. I think bitcoin and criminal is different ways in the world.
I am sokked, when i hear the news that bitcoin are used by hackers terrorists and criminals in the world.