Crypto is a poor form of money for terrorists.

[escalante28]

But most of the terrorists are very active in technology. Cryptocurrency is very safe for them use in every transaction  because it's unable to trace any of their records. It's easy for them to purchase illegal product from black market. If you think that they don't use it then you're wrong because not all terrorists are living in the cave like area.

[walemil]

If you have been reading all sort of negative things about bitcoin, you could easily assume that bitcoin is most prominently used in terrorism financing and money laundry. I didn't once believe those negative news. This development is an eye opener.

[Dacosta Osei-Tutu]

I still don't know why some people are so attached to this perception that bitcoin is mainly used to support terrorism. Before anybody can use bitcoin for transactions, the person must have at least, a little background knowledge about the blockchain technology buh any body can use fiat wherever he or she finds herself. So using the fiat is rather simple

[sinkfish]

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.

for them crypto is totally useless. they are not oil that power their machines, not weapon that can kill, or food that can feed mouth. using crypto expose them more to US attack.

[rumexx]

I think we need to look at this issue of bitcoin being used by the terrorist to fund their activities. This has been the accusation being used by the hater of bitcoin to campaign against the coin. We can now see that the terrorist can not afford the technical inputs needed to turn bitcoin to fiat or converting fiat to bitcoin. The enemy of bitcoin has been using this to attack and discredit bitcoin.

[BlackPanda]

Terrorists use crypto as a medium to send and receive money safely. They take advantage of the anonymouse nature of crypto.
That way, the financial transactions they carry out will have a very good level of security.
there is a negative side and there is also a positive side, it is natural because crypto is a phenomenal thing at the moment.

[Pan Troglodytes]

Of course (for terrorist) using cash is just safer and easier than using bitcoin, which can be easily traced and has a publicly available ledger of all transactions. You mention in your OP that they might ban cash - what? How can bank cash, if the terrorist can exchange US dollars or Euro. Will they ban them too?

[Deallove9]

Cryptocurrency is not what you think it is and will definitely not be the link for terrorism , and islam is a religion of peace and saying jihad doesn't mean the terrorist is mainly Muslim as you can really say or identify any one to be a terrorist so why believe is Muslim thing as we all know that their country are more peaceful .
So cash has always been the tools used before now and if they can not trace that with open ledger transaction so there is no point saying some are using Bitcoin to buy or sponsor terrorist.

[cizatext]

In at that the use of cryptocurrency by men of the underworld is still very high and only the terrorist in the core desert where there is no internet connection will not be able to have access to bitcoin but they can still have they agent in the network area to carry out all they transactions for them. In fact their are the most users of cryptocurrency due to it decentralized nature and how it transactions will not be monitor.

[Idoe]

I don't think that crypto is also used by terrorists, indeed terrorists have many networks but don't think that far. Crypto is still a good tool for developing well so that it can be used by anyone who can use it.

[blueteam09]

A cryptocurrency is an option for illegal transactions in this world. But this does not mean that it makes the world worse. The use of FIAT for illegal sales is still taking place every day, and you can not say all because of Crypto.

The use of FIAT for illegal transactions is still taking place daily among criminals, without any preventive measures. Therefore, using Bitcoin for these transactions only reduces the risk, but it is also difficult to control. Whatever the choice, the illegal activities continue.

[Serious Miner]

Maybe there are some people love to use bitcoin for illegal activities it doesn't mean bitcoin is responsible for that. Bad guys also can use fiat currency for an illegal purpose.this is one the reason for banning bitcoin in many countries but in reality, bitcoin is the source for making development.

[centhiniz]

A cryptocurrency is an option for illegal transactions in this world. But this does not mean that it makes the world worse. The use of FIAT for illegal sales is still taking place every day, and you can not say all because of Crypto.

The use of FIAT for illegal transactions is still taking place daily among criminals, without any preventive measures. Therefore, using Bitcoin for these transactions only reduces the risk, but it is also difficult to control. Whatever the choice, the illegal activities continue.

this is a vicious circle that cannot be solved instantly with only one very basic rule because there are always gaps that can be manipulated in such a way, the Government is also aware that fiat cannot be 100% monitored, and bitcoin adds to the situation becomes more complicated.

But if regulations continue to be developed, there will always be an MoU from every important meeting like G20 etc, to be harder in suppressing illegality that occurs, at least this is better than nothing.

[gorkem]

No but crypto is for all,we can use it either we are poor or rich but there are some people that using it for illegal activities such as hiring criminal by also paying bitcoin,so if you are using this make sure that you will use it for goods.

I suppose I did not catch anyone by the hand. In essence, this news is not supported by anything. Maybe someone uses cryptocurrency for not good purposes, but mostly Bitcoin attracts good people, with good intentions.

[drumamat]

It’s true underworld peoples are using crypto for their internal transaction because no one can control this crypto market even government also can't control this market. That’s why al Qaeda and Islamic State and other terrorist groups are using crypto.

Where did you get this information?Personally, I have not seen in any source about the use of cryptocurrency by terrorists.I agree that in crypto there are as many good and many bad people.But if it is as you say then in this case I want the regulation of cryptocurrencies to happen.So that no one had a desire to use cryptocurrency in bad things.Spreading such news, many potential users of the cryptocurrency will simply refuse to use it.

[sublime5447]

I honestly find this article to be a complete bogus. Crypto is not for jihadis or terrorists. And even if it was, the main countres that we consider to be a hub for terrorists, over there crypto are banned. And there are parts in some countries where there are not even access to clean water, let alone have access to the equpment to get engaged in the crypto market

ISIS is defeated and people in islamic countries are more worried about lack of work and money than extremists blowing up their houses.

What made you say that?
https://www.washingtontimes.com/news/2018/nov/5/elimination-isis-could-take-years-pentagon-inspect/
Have you read about the article above and what do you think? ISIS cells and networks are very wide and they are supported by sympathizers of the extremist organization before.
Don't always identify Muslim countries with poor countries or people who only care about money, many Muslims also pay attention to this because it’s a parasite that grows and multiplies in their groups, and think how ISIS can upload videos and photos of their actions if they have difficulty accessing the internet? Because ISIS sympathizers are widespread, open your eyes.

[RadjorBlade]

A cryptocurrency is an option for illegal transactions in this world. But this does not mean that it makes the world worse. The use of FIAT for illegal sales is still taking place every day, and you can not say all because of Crypto.

Use of crypto currencies by terrorists and other criminals due to anonymous factors. Though terrorists get funds from anywhere, including fiat money by using banking services throughout the world. So it cannot be interpreted that bitcoin is bad, or bitcoin is full of criminals. Because all are part of financial transactions, where good and bad become one.

[Crafts12]

this is one of the reasons why many countries prohibit the use of bitcoin, they fear bicoin is misused by irresponsible people, so the government has difficulty in overcoming it, and the decision is made with the prohibition of bitcoin. We must stay away from criminal things in using bitcoin. .

That was totally true. People in underground world or in black market often misused the bitcoin or other cryptocurrency that is why it becomes a poor currency for them. They can use it freely because no one has a control in it not even the governments. The terrorist or other criminal people prefer to use it in transactions for a reason that as what other says it is untraceable. Because of that, government have a hard time legalizing it due to it can be a way for the illegal things.

[DennyPen]

Crypto is in no way more dangerous than any other currency or asset. Everything else is tales for the public.

[usticiann]

Besides, on the blockchain everything is documented. So surely they can be traced? That's what I would have initially thought. I would have thought crypto currency would be a bane, rather than a boon, for terrorism.