Bitcoin and Organized Crime

[sakahayang]

I think, not only Bitcoin can be used as a method of payment for groups of bad people. Fiat currency can also be used as a method of payment for bad people.
Assuming that Bitcoin is dangerous, I think it's wrong. Bitcoin is a dead item used by living people.
when there is information about Bitcoin that is used by a group of bad people, then the news will make people afraid to use Bitcoin and this has been set by Business Politics. if something cannot be shaken, it will be collapsed using cunning methods, such as news spread.

[1714691994]

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[1714691994]

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[repsol]

I don't think it's just bitcoin but money can also be used for crime. and many people take advantage of negative news and associate bitcoin with crime so that the price of bitcoin falls. but I believe in the purpose of creating bitcoin for good and making it easy to transact

[Nasonn]

Bitcoin is not the problem, even before it people have been taking part in organized crimes getting payment in one form or another.

[veleten]

Has bitcoin become the preferred payment method of organized crime groups?

Lol,quite a funny one, Judas sold Jesus Christ for 12 pieces of silver,one of the highest crimes till date,and up till now silver is still precious and it's popularity hasn't waned

 If bitcoin can be used as payment for more crimes in exchange for far more popularity,acceptability and stability,i think more payments should definitely be made

Judas sold Jesus for 30 pieces, know your Bible
and the "bitcoin is the preferred payment of organized crime" has been debunked ages ago
it dwarves in comparison to USD in terms of volumes, hell in every aspect there is
the thing is that bitcoin is a relative novelty and anything that happens to it crime related immediately makes the news
while there are millions of dollars stolen and paid in ransoms, bribes etc. daily that nobody really cares about

[bitcoins94]

I am very happy to know that I own a coin that is compliant with AML and KYC. 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.

[rosemary4u]

Despite the fact that bitcoin is use for online payment in a decentralized approach, which can never be trace the truth still remains that bitcoin is the best and secured mode of doing transactions in a peer to peer platform. But even the us dollars euro are all use to carry out crimes so is not only bitcoin that is use for organized crime.

I believe bitcoin just like other currencies can be used for both good and bad intentions depending on the holder of the money. Hence one cannot  easily say that bitcoin is use for dishonest purposes.

[coinwizard_]

Bitcoin is accepted by dumb criminals that don't realise that bitcoin is traceable. They should start to accept anonymous / privacy based crypto like deeponion or xspec

[Roukawa]

...Has bitcoin become the preferred payment method of organized crime groups?

Nope. The U.S. dollar still reigns supreme as the currency of choice for organized crime.

Definitely! US dollar is the dominated currency chosen for organized crime. If they will accept cryptocurrency as their payment, they can track by the use of internet. Even there is a decentralized or anonymity in cryptocurrency, criminals will never sacrifice their specially that there is an intelligence group used by the government to locate the criminals.

[CryptoGosu]

I think that criminals should beware of using Bitcoin. Bitcoin stores all transactions that have been online and this will make it harder for criminals to hide the relationship between their wallets.

[Indrawan77]

Unfortunately yes, most of the "secret" transaction that require more anonymity, the people will prefer to used bitcoin, if we are talking about darkweb then all of the transaction will be using bitcoin, but bitcoin is just a medium, so whatever the transaction happen people should not blame the bitcoin, fiat also constantly being used for crime

[ardhigalau]

money and bitcoin can always be used as any tool, good or bad depending on the user. Like a knife, if you use it wisely, it will be useful.

[aeternus]

A French security official was arrested last week on charges of selling state secrets on the dark web and accepting bitcoin in return.

https://www.coindesk.com/french-officials-allege-intelligence-agent-sold-state-secrets-for-bitcoin/

The agent had been working with members of an organized crime group, as well as specialists in economics, according to the report.

Has bitcoin become the preferred payment method of organized crime groups?

Of course not, when bitcoin becomes the preferred payment method under any circumstance then that is when you can say that it has become the preferred method for criminals, until that happens bitcoin is still a currency that is only used by a very small segment of the population and that is not really popular, so like always people are overreacting for a single news that does not represent what really happens.

[sarfield]

money and bitcoin can always be used as any tool, good or bad depending on the user. Like a knife, if you use it wisely, it will be useful.

It all depends on the user, one policy in using bitcoin is a positive thing. But there are still many people who use bitcoin and crypto for a fraud and enrich themselves, and all that goes back to the owner.

[iMark]

money and bitcoin can always be used as any tool, good or bad depending on the user. Like a knife, if you use it wisely, it will be useful.

It all depends on the user, one policy in using bitcoin is a positive thing. But there are still many people who use bitcoin and crypto for a fraud and enrich themselves, and all that goes back to the owner.

Even fiat is also used for illegal activities? so what exactly is the meaning of this thread? do you want to make a bad image about bitcoin? because this topic itself has become a public secret, everyone knows about this

[Peacemaker1994]

Well if you think bitcoin is an organised then satoshi nakamoto would be the godfather  Well that's just a very wrong view about bitcoin

[HB Wallet]

Bitcoin is by no means 'fueling' organized crime. They are simply taken advantaged of. It is meant to empower people, and people here just happen to include the bad guys. 

[Ezenwanyi]

When Satoshi created bitcoin in 2009, it was never his intentions for bad guys to use it in proagating organized crimes.
The bad guys are using bitcoin because of the anonymous structure, where you cannot be directly linked with your cryptocurrency wallet.
So they see it as a means of hiding their activities away from public scrutiny.

[gabmen]

money and bitcoin can always be used as any tool, good or bad depending on the user. Like a knife, if you use it wisely, it will be useful.

It all depends on the user, one policy in using bitcoin is a positive thing. But there are still many people who use bitcoin and crypto for a fraud and enrich themselves, and all that goes back to the owner.

Even fiat is also used for illegal activities? so what exactly is the meaning of this thread? do you want to make a bad image about bitcoin? because this topic itself has become a public secret, everyone knows about this

Lol. Any thinking person wouldn't make a big deal out of this. Obviously what you can do with fiat, you can also do with bitcoin. Given btc's decentralized and anonymous nature, it gives illegal activities more options so why wouldn' they use it.

[iMark]

money and bitcoin can always be used as any tool, good or bad depending on the user. Like a knife, if you use it wisely, it will be useful.

It all depends on the user, one policy in using bitcoin is a positive thing. But there are still many people who use bitcoin and crypto for a fraud and enrich themselves, and all that goes back to the owner.

Even fiat is also used for illegal activities? so what exactly is the meaning of this thread? do you want to make a bad image about bitcoin? because this topic itself has become a public secret, everyone knows about this

Lol. Any thinking person wouldn't make a big deal out of this. Obviously what you can do with fiat, you can also do with bitcoin. Given btc's decentralized and anonymous nature, it gives illegal activities more options so why wouldn' they use it.

Thats what I mean, this has become a public secret that bitcoin is decentralized and anonymous, of course some users use that facility for illegal activities, even though it is not visible, but it has become a public secret.

[FedorIzmailov]

I am sure that now a lot of money is being washed with Bitcoin, but this does not mean that this is his main problem at the moment