Criminals and Bitcoin

[olatslodi]

Unfortunately, criminals can always find many ways. Criminals are always present in every time and society, they are using different currencies for their different purposes. The same is true of Bitcoin, which was created to be able to send tokens of a certain value between users without the participation of financial institutions.

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[laserfocused]

I agree with you, we can get tighter regulations but criminals will always be amongst us.

[KingOfWinterfell01]

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.

True. Just like money, bitcoins can be used to buy illegal things and contraband including guns and drugs. When given to the wrong hands, bitcoins can be a medium to do evil, just like money. It's no different to money, but the way I see it, it's the people and their motives are the problem.

[bestluck]

Criminals are everywhere and even before different criminalities are happening.We cannot deny the fact that Bitcoin can be involve in any illegalities happening now because of some people who is against crypto.We cannot please anyone to use Bitcoin for good things, it will depends on them on how they use Bitcoin.

But in that case many people blame bitcoin that with bitcoin the chances are more. I will like to add that the criminals are often the uneducated people who do not know to earn money in the legal way so they scam others while bitcoin is mostly used by educated and they are not mostly criminals.

[kendra1107]

Unfortunately like fiat, Bitcoin has fallen into the dirty hands of these criminals. Using Bitcoin as payment for their illegal operations due to its decentralization and anonymity. It is sad that one of the greatest accomplishments of man has been stained by these people. This is one disadvantage of Bitcoin. Since it is digital and is an open access, anyone can get hold of it and use it as they wish...

[markk94]

You've got the point there, bitcoin is kinda just like payment system that many people use for different purchase item. Bitcoin kinda help many people that don't own CreditCard, VISA, etc that need much maintenance for owning those kind of payment system. The one that fault is each individual that use bitcoin to do some illegal purchase.

[Akichiva23]

There is really nothing that can be done concerning The use of BTC by criminals, Bitcoin is an open platform over which anyone's participation is welcomed, The  criminal might be using it for transaction, but it doesn't mean that BTC is the reason why they exist. Without Bitcoin, such activities will still be on going

[XwWnu]

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.

Yes true, the criminality that uses bitcoin is purely the fault of the criminal. Bitcoin is just a tool, just like banknotes used to buy weapons to rob or buy drugs. So the authorities must be wise in this regard.

[Quantum907]

This is something that many countries fear, when the bitcoin feature is anonymous then everyone thinks that bitcoin is used for illegal transactions so the best way is to banned bitcoin.

[LegendOF45]

This is something that many countries fear, when the bitcoin feature is anonymous then everyone thinks that bitcoin is used for illegal transactions so the best way is to banned bitcoin.

It must be admitted that bitcoin transactions are so difficult to trace that for anyone free and secure for bitcoin transactions including for illegal activities such as drug transactions, terrorists and so forth, but with this fact the government should immediately make regulations, not banned.

[cutecute]

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.

Yes criminals and bitcoin is connected. Actually I hear about that there's a people that using bitcoin to make a illegal activities. We all know that the transaction here in bitcoin is secured and safe so that you will not know if they will do it for some illegal activities or to do crime. Just like what other said it's better if they will add security here so that criminals can't use this.

[Lataman]

I do not think that bitcoin is encouraging any illegal activities. Majority of people are using it as an investment medium only. Some people might be using it for illegal activities but they are not going to become saints even if bitcoin is banned.

[_noname_]

Bitcoin exchanges are anything but difficult to follow with how its blockchain resembles an online book that everybody can peruse through. Individuals don't really appreciate any type of long haul protection. Sooner or later you may and will probably be connected to particular exchanges, which is something individuals don't consider at present. I am very certain that a substantial level of the vindictive utilization found itself to cryptographic forms of money concentrated on offering individuals the security they are searching for. Bitcoin's open nature is precisely why I firmly trust that it will never be prohibited, where the coins offering security highlights will probably experience a less amicable treatment, however it's not by any stretch of the imagination an issue with how decentralized trades acquire ubiquity. Protection coins will work principally as section and leave focuses.

[AurumService]

I do not think that bitcoin is encouraging any illegal activities.

If you watch various Youtube videos about Darknet (a criminal unerground network that serves as a place for various crime activities) you`ll notice that all transactions there are made with cryptos like Bitcoin, ETH, Litecoin etc. If there`s a demand there will be a supply.

[LigwagGanern]

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.

Criminals and bitcoin are not same because criminals do bad things and bitcoin do good things. Yes bitcoin can use by criminals for their transaction to do bad things, they can use it to buy drugs, guns, illegal weapons, and other illegal things. While bitcoin have many advantages, you can use it in any transaction such as payment, investing, trading or other things to earn more money. Don't compare criminals to bitcoin because they are not the same.

[Marvelio]

The criminal activity all the time but the Man itself is to blame, they commit the crime, the Government will not allow the decentralized currency, they can not control. And the authorities can not just forbid bitcoin. Bitcoin is not a problem but psychological human make. Scamming has been early in life even from stories of all aspects.

[assyla]

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.

I hesrd it too, some criminal acts are usually happen in Internet like in deepweb and darkweb. These sites are usually used bitcoin to buy some illegal products. Yes, you are right. Bitcoin is just a money, it is not the problem, the problem is the human who are using it and their mindset about some issues in our society.

[sabarr]

yes, bitcoin has now been used for crime and the government can not track or know the use of money in bitcoin, is one of the reasons why the government forbids the use of bitcoin

[Bonsaiav]

In the field of cryptocurrency, the existence of KYC really is needed especially to handle various cases that occur around the cryptocurrency. Unfortunately, this procedure has been rejected by most crypto users so this makes KYC was difficult to apply.

[buiduc]

Crime and bitcoin can not be separated because we know bitcoin using wallet that can not be tracked by the government though. Thus many criminals use bitcoin for their illegal needs.