Criminals and Bitcoin

[JesseHenderson]

Currently bitcoin has been widely used for crimes because their crimes are difficult to trace if transactions use bitcoin, I think that mostly it is used by common people like you and me.

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[Kotone]

Currently bitcoin has been widely used for crimes because their crimes are difficult to trace if transactions use bitcoin, I think that mostly it is used by common people like you and me.

sinvce the bitcoin made. only the bitcoin and not none other cryptocurrency . there's a crime activities that the bitcoin involve. if you know the site called deepweb. this site is almost at pure crime activities. illegal firearms ,illegal drugs and other illegal sell in this and you buy it using the bitcoin. also, you will allowed to hire a killer .

[amsiran_irene]

Currently bitcoin has been widely used for crimes because their crimes are difficult to trace if transactions use bitcoin, I think that mostly it is used by common people like you and me.

sinvce the bitcoin made. only the bitcoin and not none other cryptocurrency . there's a crime activities that the bitcoin involve. if you know the site called deepweb. this site is almost at pure crime activities. illegal firearms ,illegal drugs and other illegal sell in this and you buy it using the bitcoin. also, you will allowed to hire a killer .

So, its unfair to associate Bitcoin to illegal transaction or crimes because prior to the birth of Bitcoin crimes were there. People will just dragged Bitcoin and associate it with crimes to disrupt its popularity and the worldwide adoption.

[SixOfFive]

Yes, Bitcoin makes the implementation of illegal activities easier. The anonymous nature of cryptocurrencies enables it to be used for illegal purposes like purchase and sale of prohibited weapons or drugs. Central bank officials say that cryptocurrencies can also be used for terrorism and money laundering activities. Recently, in South Korea, two of the country’s largest cryptocurrency exchange offices were arrested on the suspicion of tax evasion.

[ommochain]

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.

The same is true in the real world. Many things are not harmful in themselves. They are used only by people who do bad things, so this thing becomes bad.

[KrakenZ]

Bitcoin and blockchain are a great technology and proven to help the job become easier and time saving. But, it is misused for bad deals.Bbitcoin is used for criminal transactions because it is through bitcoin transaction becomes easy. Therefore, it is true that you say if the problem here is not bitcoin or blockchain but irresponsible people who transact crime through bitcoin. It is difficult to trace these bad guys so that I would prefer if bitcoin is converted into a centralized system. With the centralized system,  the bitcoin will be easily controlled and the irresponsible person is more easily accountable for his actions.

[iqbalt34]

well i think there is no point in us blaming bitcoin for something bad that is used also with fiat currency. People use bitcoin because of the ease of transacting. Any currency will not be able to guarantee not to use or avoid in illegal activities. The guilty ones are criminals not a currency and criminals are everywhere and even before different criminalities are happening. llegal things like this are a lot, because bitcoin is a decentralized digital currency, no one can track the transaction that was made.

[Luigieee]

I already heard it about using bitcoin for illegal activities like hiring criminals to kill or for illegal drug transaction that you only have to pay is bitcoin.I think it will reflect to the image or popularity of bitcoin , this is for my basic observation.

[digroske]

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, in my country the people involved in Bitcoin are considered criminals because our government bans the virtual currency from being present in the national economy, besides there are a lot of people being arrested but They still participate in Bitcoin after being released.

[dbutp]

Bitcoin is hosted and all it's transactions thank to the internet. Due to it's convenience, many criminals use bitcoin to carry out illegal activities such as arms trafficking, money laundering.

[upinros]

Even paper money used in illegal trade. It's certainly very difficult to trace the line of transactions during theft. Most of them use mixing services to mix their coins and make them untraceable. People will still steal. So stealing or criminalism will last. Bitcoin is not a problem but human psychological make. Scamming has been since the beginning of life even from the story.

[Birin016]

Criminality and illegal trade should be distinguished from bitcoins. Lets not forget that before the invention of cryptocurrencies; issues of hacking, terrorism and other nefarious activities were still on record; why do we now associate every bad act to the advent of cryptos. I believe bitcoin have nothing to do with criminals

[jonhsongotti]

My country is in control of bitcoin and cryptocurrency increasingly. The offender uses this market to carry out money laundering or illegal acts. There should be appropriate policy to control this problem. Every problem has two sides: good and bad. Therefore,it is necessary to promote the value of bitcoin and prevent illegal behavior.

[Launce vich]

you will no doubt know that more and more advanced technology is also a threat that equals the technology itself, so anyway we live can not avoid the various risks how we react and treat it for others. man is responsible for it all.

[Max quee]

Criminals depart from the use of bitcoin in favor of other digital currencies, which for law enforcement agencies are more severe when tracking activity in an anonymous corner of the Internet.

[Dann hauer]

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

[camric09]

I already heard it about using bitcoin for illegal activities like hiring criminals to kill or for illegal drug transaction that you only have to pay is bitcoin.I think it will reflect to the image or popularity of bitcoin , this is for my basic observation.

Yes, this is on the news already that is one of the reasons why governments wants to regulate the use of bitcoin because many people are using bitcoin for their illegal activities.

[Chainsmokers]

cryptocurrency can not be unilaterally shut down because it is like the Internet that must kill the whole world, when there is a criminal act that is named bitcoin does not mean its innocent bitcoin, the thought is what damages the image of bitcoin due to the act of the individual.

[amsiran_irene]

With AML BitCoin criminal transactions is a thing from the past. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.

But how to identify that he is using Bitcoin in illegal transactions? KYC is done to ensure that the registered user can be track. Is there a way to validate blockchain transactions?

[ninokh]

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 I agree with you most countries refuse btc because they are afraid the anonymous bitcoin will be used for criminal activities. but actually a crime will always happen anywhere before there btc crime already exists. the use of btc for the crime depends on the user. we can only prevent this negative issue developing by always promoting good things about btc.