between terrorists, banks and crypto

[hubballi]

There is absolutely no evidence that Bitcoin was ever used to fund terrorism, this is just being used as a "smoke screen" excuse by governments to scare people. They have used the terrorism excuse before to enforce privacy infringements rules and regulations to spy on innocent individuals. <The general public> 

Most of the stuff you see are fiction in movies and news media looking for some "clickbait" attention and this is not backed by any facts. 

What you are telling is the real fact but only 10 to 20% of the public knew about it, what we are seeing in movies are 50% true facts taken by real life, Bitcoin was started for for the benefit of society but when government got to know about it they got feared as it will kill the all ill facts of financial scams. So to stop it they are doing this so that public should be feared to use bitcoin. Even then now most of the public are favouring Bitcoin and its technology and big country like Japan and other country have started to opt it and legalised it so that it can be used in secure way.

[donadoni212]

every method, certainly has its own advantages and disadvantages, if there are indeed a handful of truly honest people, and he can combine blockchain technology and banking, maybe this world system will change
new innovations will emerge where terrorists will not be able to pay using crypto again
there will be no more corruption, there will be no fraud and fraudulent funds again

[kucritt]

people can connect bitcoin always with criminals in every currency there are the criminals, not in bitcoin, start from the banks, paper currency, bitcoin, paypal, creditcard, debitcard and anything, they have their own crinimals

[perla]

We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.

Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.

so, terrorist groups that use bitcoin are only low level transactions.

they only use bitcoin so their transaction not tracked, and it is not only about terrorist, but other bad people use it too. And for low level transaction, don't forget there is no limitation in bitcoin transaction and it not regulated.

[Rustamm]

Exactly.  Banks launder money for drug cartels, crime syndicates and terrorists all the time, but funnily enough people still use banks.  It's human nature.  They don't care how much corruption there is, they just want to stick with what they know.  It seems like there's only a "problem" when it's something new that people don't understand yet.  As adoption grows and people start to actually learn something about Bitcoin, they will eventually realise that Bitcoin is less useful for money laundering than cash is.

Anyone who is engaged in illegal activities, probably has its well-established and proven channels for the passage of money. Cryptocurrency is still a relatively new phenomenon and many criminals do not trust it. They use proven methods, including transferring money through offshore zones. It is more reliable. Cryptocurrency still needs to be able to use and no one can give any guarantee. But often the amount used is large.

[Juggy777]

We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.

Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.

so, terrorist groups that use bitcoin are only low level transactions.

This is very true you can't expect terroists to adopt bitcoins when most of them don't even know how to use internet, plus where will they spend such big amounts without getting noticed, they have and always have preferred banks. This rhetoric of terrorists using bitcoins was spread by banks to clamp down the adoption of bitcoins, but they have failed spectacularly, because now people are adopting bitcoins and soon its adoption rate shall grow.

[beami]

It's really sad if anyone thinks so about crypto, terrorists do have their own place with funds but it's not possible with crypto. The bank is still used by customers but I don't think it is for money laundering, crypto is safe and decentralized but this is a future investment.

[Wingleness]

We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.

Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.

so, terrorist groups that use bitcoin are only low level transactions.

Your assertion is very correct as terrorist prefer hard earn cash than digital currencies. The rumour was just develop bad use in the minds of investors about Bitcoin but we know better now.

[burky155]

The bitcoin and cryptocurrency could use in very bad ways too you right lke terrorism, kidnapping etc. But when the big ammount of money comes to the table the banks would arrive there, they can clean any ammount of money with large commisions, everyone knows that. So the crypto is not using for big crimes, only small ones.

[Desscount]

We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.

Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.

so, terrorist groups that use bitcoin are only low level transactions.

I doubt that, because the unstable crypto value makes an exception especially for disbursing when withdrawing on a bank account, of course it will be a question if you withdraw big funds.
and in my opinion it's just a rumor that just wants to damage the bitcoin image.

[Dpat]

Nowadays it is listened that terrorists are using crypto platform for their payment to spread terror in the world. This is the big issues in the global that why most of the countries are not legalised the cryptocurrency.

[bitbunnny]

We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.

Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.

so, terrorist groups that use bitcoin are only low level transactions.

I beleive it's so. Despite bigger anonimity compared with fiat money that cryptocurrencies offer to terrorists they are not so willing to use them to finance their dirty activities. I think because of cryptocurrencies characteristics it's complicated to use them and they are not so spread and available for use.
I think this is good because the last thing that Bitcoin and other cryptocurrencies need is tight connection to terrorism. Even without that many people still have bad opinion about cryptocurrencies.

[Peacemaker1994]

Terrorist are human beings and must you a system of transaction or payment be it cryptocurrency or bank transactions either way there have to carry out transactions. The real issue here is not to be critical or blame any system rather let's apprehend this guys

[tegarp90]

We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.

Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.

so, terrorist groups that use bitcoin are only low level transactions.

Every great things could be used to do a bad thing.
It depends on the users it self, even banks are can used also for crime.

[DavitRoi]

Exactly.  Banks launder money for drug cartels, crime syndicates and terrorists all the time, but funnily enough people still use banks.  It's human nature.  They don't care how much corruption there is, they just want to stick with what they know.  It seems like there's only a "problem" when it's something new that people don't understand yet.  As adoption grows and people start to actually learn something about Bitcoin, they will eventually realise that Bitcoin is less useful for money laundering than cash is.

people can use bitcoin for the wrong work but we can't say that bitcoin is wrong, so everything depends on the user.

[mekie]

Banks are the biggest crooks (apart from governments), unfortunately until bitcoin or some other crypto comes along that everyone can use and easily understand we are rather stuck with them. A solution could be a card or app (like apple pay) that could work with a modified card payment terminal, thus eliminating banks as bitcoin transactions could be of the pre-loaded card.

[Cryptoreflector_666]

We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.

Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.

so, terrorist groups that use bitcoin are only low level transactions.

I do not quite understand how terrorists use bitcoin and the blockchain system. Terrorism flourished in the 90s, when the Internet was just emerging, and about electronic currencies and all sorts of blockchains there was not even thought of anyone. As has been said more than once - bitcoin is a tool that falling into the hands of a good man becomes valuable, and falling into the hands of a scoundrel becomes a weapon.

[sunsilk]

Seriously, about terrorists who are using bitcoin for their transactions I rarely here them but about illegal transactions well they aren't new to the community. But why people are keep on pushing this idea until now if bitcoin has been created several years ago.

Yes, they are using it but why forget that there is cash and that's the usual method now that they have been using. If you have read some conspiracies that their funds are even coming from those people who are wearing formal attires and sits on local office who don't know what bitcoin is.

[walemil]

The involvement of cryptocurrency in terrorism financing is not as rampant as we are often made to believe. As a matter of fact, I read it that cash is still the most prominent means for financing terrorism. So cryptocurrency may only assume a negligible portion.

[rakibul1364]

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I hope people very smart when they make a transaction and sending bitcoin to the other wallet owner. They don't use bitcoin for any illegal activities, and they only use bitcoin for the legal thing so bitcoin will be known as for a good thing although we cannot deny that there are people who are using bitcoin for the illegal thing.

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