Bitcoin not the choice of criminals anymore

[Kingofbitcoin12345]

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

We know the technology behind tracking online criminals are more likely be available and can only be found in a first world country like the United States of America.. And with such assurance of decline in an activity negatively using bitcoin currency the more we appreciate it..

I will and most might consider this a success to strengthen the popularity of cryptocurrency,, but it isn’t enough and the fight are still ON..

We as the enthusiastic member of this community must do our share to report or help in cleaning the virtual world..

[Snaic]

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Recent studies conducted by the relevant structures of the European Union have also confirmed that bitcoin is used for illicit purposes in only 0.67 percent of cases. Less than one percent, it's practically nothing. Therefore, you do not need to attack bitcoin in this regard. True, the European Union is developing a number of measures that will put an end to anonymity when using crypto currency when entering exchanges and exchangers.

[buwaytress]

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

We know the technology behind tracking online criminals are more likely be available and can only be found in a first world country like the United States of America.. And with such assurance of decline in an activity negatively using bitcoin currency the more we appreciate it..

I will and most might consider this a success to strengthen the popularity of cryptocurrency,, but it isn’t enough and the fight are still ON..

We as the enthusiastic member of this community must do our share to report or help in cleaning the virtual world..

Actually no. You'd be really surprised at just how far behind some other countries the US is lagging when it comes to blockchain analytics. We know the big firms out there have been those like Chainalysis, but Interpol had already been tracking and shutting down dark markets years ago. Sure, the FBI had their parts to play, but it's actually their allies who've been supplying the tech.

So yeah, it's been years since criminals realised Bitcoin's anything but a safe haven for them.

[Biscutard]

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Well, there's a lot of coins out there that any criminals could be use as a source of any transactions. Bitcoin is not their only best choice, it happens that there are more viable coins than bitcoin for them. No matter what the government do, people from the other side will always make their way for all of their deeds.

[KorakPawon]

good news for all of us who at first all feel anxious about the security of bitcoin, after getting this information we are obliged to share it with everyone in order to know that bitcoin is now safe, the crime rate has decreased from the previous year that means a lot of changes and developments of bitcoin because ibi it is already natural and should be so that those who are out there feel satisfied.

[Tigorss]

it is only natural that to make people feel safe and peaceful does not feel restless or upset, the improvement of bitcoin security has begun to be tightened as seen from the decline in fraud and so on already means that the method used is successful, just look at what will be done so that it is more convincing that bitcoin is really safe.

[hacekd]

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Very good news, this can happen if the government participates in controlling bitcoin in its use by the public, because the thing that some countries fear is criminal acts like this, maybe if some countries know they might follow...

[sheenshane]

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Very good news, this can happen if the government participates in controlling bitcoin in its use by the public, because the thing that some countries fear is criminal acts like this, maybe if some countries know they might follow...

Controlling bitcoin? I don't think so why you have said controlling bitcoin since it is decentralized I know you couldn't if your thought is having a regulation that is not right. But that is not directly to the bitcoin they regulate those users in bitcoin probably that's the reason why the illegal users of bitcoin have less and did not have a transaction for criminalities activity. Criminal use has declined due to bitcoin have a transparency transaction that easy to track.

[Oasisman]

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Very good news, this can happen if the government participates in controlling bitcoin in its use by the public, because the thing that some countries fear is criminal acts like this, maybe if some countries know they might follow...

Controlling bitcoin? I don't think so why you have said controlling bitcoin since it is decentralized I know you couldn't if your thought is having a regulation that is not right. But that is not directly to the bitcoin they regulate those users in bitcoin probably that's the reason why the illegal users of bitcoin have less and did not have a transaction for criminalities activity. Criminal use has declined due to bitcoin have a transparency transaction that easy to track.

I guess these transparency will lead us soon to a generalized global regulation for Bitcoin and other cryptocurrencies. From Bitcoin and ICO banning, to regulating, and KYC verification. Government will never stop until they wont have full control of cryptocurrency. These criminals are slowly walking away from the "safe heaven" they considered, as not too soon they will all be compromised.

[marcbitcoins]

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

This shows how effective is the regulation is in which it reduced the chances of Bitcoin to be use in illegal activities. Although the market investors was also reduced because probably there are lot of illegal people are investing in Bitcoin before just for their illegal means but this is better as Bitcoin and the whole Crypto currency market are now more cleaned and more safe for an investment.

[Pattart]

Even criminals wanted something stable too. This only happened because they can't rely too much on bitcoin with it's fluctuating prices that affects whatever their business is. I know they'll go back again once btc makes noises and become the main topic of financial news.

Maybes its not just the price of bitcoi, I believe they don’t care much about the value since criminals can make easy money buy maybe because of the strong regulations are now out in some places. Remember that cryptocurrency is a decetralized market and crimina wants to remain anonymous but since regulations are coming maybe they are going to exit in the market slowly.

Can regulation be generalized to all users? I think the rules that will be made do not mean that all users must obey and follow the rules, bitcoin will remain anonymous and decentralized, no one will be able to intervene in this system, and crimanals will still be able to use bitcoin..

[1Referee]

Government will never stop until they wont have full control of cryptocurrency.

I support them to keep going hard against crypto currencies. Not because of criminals and whatnot, but purely because of how it stimulates people to ditch centralized services and strictly use crypto as peer to peer medium of exchange. China has been a perfect example of how their anti crypto sanctions fueled the decentralized economies there. Try to stop these people. It's next to impossible.

These criminals are slowly walking away from the "safe heaven" they considered, as not too soon they will all be compromised.

No need to exaggerate. Criminals are creative enough to figure out an alternative route and thus always be a couple of steps ahead of the rest. Just like how regular people are slowly taking distance from centralized services, so have criminals too, but then in a more serious form. As long as none of their coins gets converted to fiat, there is pretty much no risk to it, and this to some extent also applies to XMR.

[Kemarit]

okay, maybe you think crime has drastically reduced. How to deal with people who do free trade such as sex, drugs, illegal weapons, and funding an illegal community like ISIS. Isn't that a crime that must be eradicated?

I don't think crime must be erradicated through bitcoin, because it has an independent body that will be used for independent spending. The decentralized currency isn't a preference of these criminals and terrorists like as you said ISIS, due to traceability of blockchain transparency. Those unrightful acts of these people who had illegal and devious acts couldn't do at their freedom, because bitcoin cannot be into cash form if not being deposited to the bank or any money transfers establishments, like western union.

But still ISIS can used crypto to channel funds globally and its hard to trace them specially going to a wallet with no names associated to it. They can even try to used privacy coins to check how well their "privacy" can be protected and traceability is going to be difficult to authorities. I think criminals are also getting smarter, maybe most of them are still using bitcoins to move funds around, but they are now very careful what wallet it go and how they can properly convert it to cash.

[Gadhoh]

It was only five short years ago that the majority of bitcoin transactions involved a criminal element. That number has now dropped to less than 10% of BTC transaction. This was revealed in a recent Bloomberg interview with a DEA official.

I do not know how these studies were done, and how criminal elements were identified? But I totally agree that the rate of bad use has fallen.
I think the main reason for this shift is the encouraging heights 'bitcoin up to 19000" and the positive news "Media effect".

The other thing is how will legislation be prepared for all cryptocurrencies since many of it have been used for dark activities and money laundering? The standards of financial institutions also lose the structure of decentralization.

A 90% drop in the illicit use of Bitcoin will have an immense impact on lawmakers and open up those who might have been previously for an all-out crypto ban.

Even if these numbers are true, It will not has an impact on lawmakers, it just means that "Bitcoin is not bad".

For a long time, the government has feared criminal acts against bitcoin, but with new regulations and government linkages to bitcoin, criminal acts on bitcoin are decreasing and this is good news if the government participates in regulating bitcoin

[sambel90129]

Added to what you have said, the Media also plays a major role in changing the public's opinion which I believe to be a sort of manipulation. The media is powerful and it is against cryptocurrency. We noticed that it also spread negative feedbacks about bitcoin as well as false predictions so people give up on it or be afraid so they would sell their coins and avoid taking risk. It is also noteworthy that big whales are manipulating the price as they want.

the game in the world of commerce is indeed full of tricks, for the big players to go up the price drop is very influential for their profits so the price movements are strongly influenced by the situation that is happening in this world. there are still many parties in business that still use social media in playing with the emotions of market participants, so we must understand it and always confirm the news that is not clear to the truth.

[DeadCoin]

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Good study though. Went through the news given in the link. Bitcoin transactions were reduced by criminals due to heavy security of blockchain? Or Criminals do have support of normal people waging them to do transactions from their ids? Then what really made criminals stop their transactions? I dont think criminals have stopped their actions. I would say, they have found another way of dealing with crypto currencies? Need to have a deeper studies on it?

[Andrew S]

It has become much more difficult to dig through to the purses, cryptography does everything possible so that more people trust.

[goaldigger]

Its because unlike the before, the system is more decentralized. There are a lot of circumstances happen that the government and system adopts in it. It includes asking of KYC for ICOs and investors and also with the exchanges used to encash or buy coins. Crypto is decentralized but the system around it isnt.

[maarx]

Crypto is a currency, criminals are humans. Money is used by everyone here on earth. This can be a criminal or can be a honest person, fiat or crypto coins can be used by any. If criminals can not use crypto currencies, what would you say to money launders. Crypto platform has been the most supportive platform for all who convert black money into white money. So this is upto an individuals to use the money.  

[hacekd]

Due to this reason many countires still not accepting bitcoin as legal. Because the bitcoin money has no tax thats why some people used it for illegal purpose.

but now many countries try to legalize bitcoin even adopt it, and when that happens bitcoin is getting safer and not an option for thieves because there are already those who regulate it and protect it that country.