Crypto is a poor form of money for terrorists.

[crypto-bit456]

I think crypto can be great solution to prevent money transactions that are used to do illegal activities operated by terrorists as it is really tough to flow the currency and cannot be used everywhere

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[BitcoinMaster555]

well as far as I know in dark web many people sell arms and harmful things by exchanging Bitcoin. So crypto market is very vulnerable to prevent crime activities. We have to be aware of that

[coinages]

"I think crypto can be used for both good purposes as well crimes. it all depends on the way we use it. it is true that crypto is not easy to exchange so it will troublesome for terrorists rather than using cash
"

[SummerHamster]

Technologies required for cryptocurrency transaction may not be available everywhere and terrorists usually live in these type of places. So this is true crypto may not be useful there but they can sure use crypto from a developed place.

[ChainFish]

I guess that’s true it will be hard for terrorists to use crypto from a remote place where developments haven’t take place. But if they have agents in the developed area, they surely can use crypto to fulfill their demand.

[Wrathhawk]

Cryptocurrency without some prior knowledge is difficult to use than fiat money. Terrorists might not be able to use crypto from their area but I think many of them might have the idea of how and where to use crypto.

[learningcrypto5421]

Yes crypto is a poor form of money for terrorist because they don't have any legal computer, bitcoin machine, network coverage in the dusty dessert.

[Silentsweeper785]

I know that because crypto market has no authority , many investors use it to fulfill their ill deeds but we can't blame the bitcoin for this it up to the users where they want to invest their earning but yes the market is becoming very secure day by day

[YellowRose]

you are right because here business opportunity for a gun dealer to accept jihad coin. but everybody should aware about this. i have little bit idea about this. i want to know more about this.

[Woodpecan]

I am agree with you because it is open marketplace. where anyone can business here. i think everybody should careful about terrorist. i want to know more about this.

[EveningGull]

In my opinion crypto is not suitable for terrorist activity because. The digital is transparent its very easy to find out improper transaction. So I think crypto is not popular in this wolrd.

[pitiflin]

Crypto is a poor form of money for jihadists because they usually need to purchase goods with cash often in areas with unreliable technology.

According to this Forbes article

So they don't have computers, bitcoin merchants, fibre optics or 4G coverage in the dusty dessert or hideout hills.

According to Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance: “Cold hard cash is still king"

So will they ban cash to prevent terrorism ? That would be some good hype to get the next bull run started !

According to the Forbes article a group called Mujahideen Shura Council (MSC) in the Environs of Jerusalem - was able to lure only two contributions for a total of a little over $500 in weeks of a 2016 online campaign. MSC sounds like a Microsoft certification. Perhaps the contributions were accidental and two suckers are still waiting for their online courses.

So not only is it terrible to use for the terrorists - their supporters appear to be crypto broke too.

Sounds like a business opportunity for a gun dealer to accept jihad coin. Make sure to use escrow. You cannot trust terrorists.

Man, jidadists aren't the only type of terrorists. ISIS has so much technological power, for example, and they have known to use drones and whatnot, for attacking purposes. Crypto is used by a lot of terrorists, smart people use XMR, idiots used bitcoin or worse. Cash is still preferred by them, because why not?

Jihadcoin, what the hell is it? Half the things you say are nonsensical.

[Lorin]

Thats why some people  believe crypto used for illegal transactions because of this kind of news. Todays generations us digital and some of the transactions through computers but therefore there are some who doesn't know how to use computers like jihadists. If they dont have any knowledge using it they will not use it successfully.

[Docnaster]

Definitely not, plus it's not as anonymous as it initially appeared. Money launderers, terrorists and scammers are starting to quickly learn that it's not too difficult to determine who they are when you global blockchain analysis tools.

[boy130]

I don't think that logic only apply to terrorists but extends to everyone else holding crypto. Now the market is in red and who knows how long it will take for the market to moon.

[albantani]

The negative news that I have heard is the cryptocurrency, the laundering of currencies used by terrorists and makes bad value to the cryptocurrency currency. but after reading this post, I have known that cryptocurrency is the solution to fight terrorists, because if the cryptocurrency currency is made as a real currency, then the terrorists will not be there anymore (terrorists will go bankrupt and cannot move again because their finances are can't used up).

[adzino]

Not really. They living in dusty desert (being stereotype like you) does not mean that they do not have access to all those technologies. And who do you think are backing them up? Obvious those very "powerful" countries are. They are hiding their track by using crypto currencies (probably). But this does not mean that crypto currencies are being used for criminal purpose only. Remember, they existed even before crypto currencies were invented.

[jakezyrus]

Man, jidadists aren't the only type of terrorists. ISIS has so much technological power, for example, and they have known to use drones and whatnot, for attacking purposes. Crypto is used by a lot of terrorists, smart people use XMR, idiots used bitcoin or worse. Cash is still preferred by them, because why not?

Jihadcoin, what the hell is it? Half the things you say are nonsensical.

Jihadcoin, what the hell is it? Half the things you say are nonsensical.

i guess jihadcoin is a type of currency that used in jihad or it is a kind of crypto coin specifically built for jihad by jihadians .

Man, jidadists aren't the only type of terrorists.

Yes i agree . most terrorist nowadays are also advance . they are now familliar with cryptos and probably they are using a crypto to purchase and sell stuff easily .

smart people use XMR, idiots used bitcoin or worse. Cash is still preferred by them, because why not?

not all smart people use xmr or privacy coins , most of them do also use bitcoins because you cant still possibly traced if you use bitcoins  . cash is also the next option if internet or gadgets isnt available on the area .

[Astvile]

its a currency,and open currency what can you expect?People now adays will always find a way to do their own thing illegal or legal.In terms of money everyone has a freedom where to spend it but some people  tends to use it illegaly and get penalized by it,that is the problem with bitcoin it is being abused by terrorist and that is the main reason why government cant let bitcoin go in in the industry

[EveningRock]

That's good idea.That's will be very good steps for preventing terrorism because of if they haven't any fiat then they can't be able to continue their terrorism.