Criminal life is easier

[oper802]

According to me, crypto is a very good thing. But, many people use this as a tool to do any criminal. Actually, with or without crypto, a criminal is always there, so I think it's not about crypto but it's about the people who do that thing. I hope there will be a severe punishment to the criminal who does their act in crypto industry.

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[Noobaru]

There has been only a fraction of percent of criminal activity in the blockchain space. Similar to how it is with the "real" money. Probably a lot of criminals don't yet know about crypto methods or are not willing to risk it if they already have established methods that work.

[Betwrong]

i wish i could figure out how all those people who create topics containing the term "we all know that ..." are so sure about the subject they are talking about and how they are so sure everyone knows it!

for example in this case, what we know is that criminals use fiat and cash,... not cryptocurrencies which are harder to use, easier to track in some cases and are not accepted in that many places and are hard to convert back to cash!

Exactly. Exchanges implement measures like KYC ("Know Your Customer") which makes almost impossible for criminals to convert crypto to fiat. Also they hold a record of users' transactions on their databases, which can assist law enforcement in detecting criminal transactions.

Although we can't say that crypto currencies are not being used by criminals at all, it's clear that the percentage of the usage is very small compared to that of fiat. It's funny that guns are obviously being used by criminals, but no one is whining about that.

[MrVuuu]

I believe that cryptocurrency is simply created for the criminal world. Now this fact only aggravates the situation on the market. Who knows, maybe Satoshi originally conceived it ... Now this fact only aggravates the situation on the market.

[Cloud_miner]

I am sure that the criminal world and cryptocurrency are currently not very related concepts. No need to think that Bitcoin contributes to the development of crime. This is not true. If you talk like that, it can be argued that the sale of weapons also contributes to the development of crime.

[Ridwan Fauzi]

All form of money can use as criminal act, and all have an easy way either money fiat or cryptocurrency. Indeed, cryptocurrency have anonymity for those people who did criminal act so as they were hard to trace, but you should know to there is no one will know transactions that use money fiat, unlike with cryptocurrency that every transaction can be seen on the blockchain. Criminal act is not factored by a currency. However, it is assignment of the government or even religion to organize their lives better.

[Hanebel]

Criminals will always do everything for their advantage, we can't fully stop them. And it will always be their liability to the law for these wrongdoings. Blockchain was meant to be used for convenience and ease, bad thing, even criminals can benefit with it.

[xhibit1]

actually you have a point right here, but we all know that crypto has a good and bright future for us all. and does not intend to bring in or motivate criminals. well i know that all transactions can be traced and all criminals will be caught some day.

[ujinice]

Recently I read that large investors can buy Bitcoin up to 20% more expensive if it is pristine clean and has not participated in questionable transactions. 

[sourish]

Criminal aspect has throughout been a great negative towards the viability of crypto, creating a moral dilemma for many, but with the way technology moves and governmental regulations, this will be curtailed in some way.

[lelou]

Crypto or fiat if a person wants to do a crime he can do it in anyway. Crypto's anonymity can be used for illegal transactions same as fiat and I believe this "criminals" you're talking about isn't a big threat, the real criminals that's treath to humanity wear ties.

[Bttzed03]

How do you think: does crypto make criminal life much easier? We all know that criminals use crypto to sell drugs, guns, people and everything else. Did crypto make doing such things easier? Earlier criminals had to think how to keep their anonymity and get paid, how launder their money, how to not get catched with this. But now they can just use crypto and all the headache about this financial troubles passed away. Of course there is much bigger positive points of crypto and not every user of crypto is a criminal, but anyway are you worried about this? Criminals also worsen the reputation of crypto that is not really stable itself.

That has always been one of the concerns and the talking points of cryptocurrency critics. I guess we'll just have to wait and see how governments plan to address this problem. Atleast now there's a KYC compliance to possibly minimize these illegal activities.

[fudster]

It wont take long til they are caught. They may not be caught online for being techie in hiding their Identity but one day they'd commit mistake. Low life criminals usually aren't usually knowledgeable on the internet though but those who are, are perhaps believers of crypto as well. They are sort of an investor as they put money into a coin to make transactions.

[keepandhold]

Surely, the cryptocurrency is involved in any kind of criminal schemes, but before that, the dollar did that job. Just by a cryptocurrency is generally easier to pay than with fiat money.

[Cornett]

How do you think: does crypto make criminal life much easier? We all know that criminals use crypto to sell drugs, guns, people and everything else. Did crypto make doing such things easier? Earlier criminals had to think how to keep their anonymity and get paid, how launder their money, how to not get catched with this. But now they can just use crypto and all the headache about this financial troubles passed away. Of course there is much bigger positive points of crypto and not every user of crypto is a criminal, but anyway are you worried about this? Criminals also worsen the reputation of crypto that is not really stable itself.

I don't think so. because there's a way to prevent these illegal people. like banks. exchange companies keep personal information in the KYC/AML database. a system can filter for guilty people. prevents them from processing. in real life, a criminal does all sorts of things. he gets cash. someone else has a wire transfer. guilty everywhere. this feature can be used for criminals.

[Rostock]

I think that cryptocurrencies are more suitable for people who launder money, as well as for people who need to withdraw money offshore.

[indopool]

How do you think: does crypto make criminal life much easier? We all know that criminals use crypto to sell drugs, guns, people and everything else. Did crypto make doing such things easier? Earlier criminals had to think how to keep their anonymity and get paid, how launder their money, how to not get catched with this. But now they can just use crypto and all the headache about this financial troubles passed away. Of course there is much bigger positive points of crypto and not every user of crypto is a criminal, but anyway are you worried about this? Criminals also worsen the reputation of crypto that is not really stable itself.

Until now I still believe that crypto is only a tool, as long as people use it in a good way, crime will never occur. We can't control crypto but use it in a good way is worth doing. Just ignore people who use crypto for crime, because bad people have been present before crypto was born.

[shamc]

I hate to break it to you all but criminals are the reason why crypto is pumping. It's about supply and demand and there is huge demand by criminals. When conventional investors join in, there will be even bigger demand so just be patient for them to join

[khufuking]

There are 2 different kinds of criminals and maybe crypto made it easier for only 1 kind of them which is the type that selling cracks selling pirated copyrights etc, but for the real criminals ( terrors, murders, etc...) I really doubt that what you are saying is true, in fact, I think it is harder for real criminals to use crypto than using fiat money.  I know people will say that deep web full of sick stuff and crypto is involved there I heard that a lot but I am not really familiar with what is in there so my opinion is just based on what I see.

[bitcon]

Well, anonymity has always been attracted. And criminal cases are easier to do. When it will be possible to pay for cryptocurrencies in stores through the card. That will be all much easier for everyone. But only now criminals profitable.

It's a controversial topic. On the one hand, crypto with its anonymity, untraceable transactions, etc. makes criminals' life easier. But on the other hand, crypto is not intended to help criminals in their hugger-muggery deals.