between terrorists, banks and crypto

[yulionoo]

the news about the use of bitcoin for terrorist funding I think that is indeed just false news. they spread the news so that countries refused bitcoin and also made people afraid to invest in bitcoin. because buying and selling using bitcoin is less effective. it's better to use fiat money easier.

[Zadeket]

We don't know if that is right because right now using technology nothing is impossible regarding of that. As I think yes terrorist can use bitcoin or any cryptocurrency for their findings and we didn't know that is for terrorist fund because right now bitcoin was using any individuals for funding and any transaction. Even banks terrorist can use it so their is no limitation or security regarding terrorist funds.

I think  terrorists have mastered the technology that allows using bitcoin to facilitate transfers between them or funds from sympathizers to carry out their actions. This makes it possible to escape the reach of the legal apparatus because bitcoin is anonymous, whereas if it uses banking services it is easy to track who the sender and recipient are.

[kelz1]

A woman was jailed for using bitcoins to fund terrorism, this would make any future transactions more worrying for wannabe terrorists. It could mean a spike in privacy coins as they smarten up in crypto

[Seeker#9]

The fiat is still the leading currency that used by the terrorists and money launderers because is not so volatile and less risky compared to cryptocurrencies. Cryptocurrency is more difficult to use than fiat to those who want a quick payment because you have to convert it into cash first before you can able to use it. Furthermore, its value is always unstable and fluctuates rapidly which might cause a problem when its price suddenly go down after a transfer.

[nicko122]

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 agree, I think these people prefer the classical methods of payment in ordinary currencies. Most often it is cash or bank transfer, but not payment in cryptocurrency.

[rumexx]

It is good to hear the truth concerning bitcoin and terrorist use of the coin. This very illusion is one of the key points those working against bitcoin has been holding hands. Now the truth is coming out and it is now making bitcoin more popular and preparing the king of coins for massive adoption. As more people are becoming aware of bitcoin so will the usage will be increasing.

[munareal]

The banks are more suitable for terrorist transactions that the cryptocurrencies. Bitcoin is too volatile for them to use as a means of transferring funds and it can be easily spent like the fiat currencies.

[Assface16678]

this is what i dont get about between crypto, banks and criminals, when both cryptos and banks are being both used by most criminals.

This is true. This is very questionable, we cannot really say that it is the bitcoin or the crptocurrency being used in doing negative or inappropriate or illegal deeds. But then more people says that it is bitcoin. But then, both are used, we cannot say that it is bitcoin. As we can see, banks are often used that crypto.

[Deallove9]

Bitcoin came to live in 2009 and terrorist has been existing before then with very high record of attacks , and funds were moved through banks and was not detected or if they were detected why not do the right thing to arrest the sender and the receiver, all they just want is to stop cryptocurrency which will not work only if they stop internet and more so USA should face their country and leave other countries alone to do their own , they are the biggest fraud and want to control every single thing on earth but we are not giving away crypto and blockchain.

[Phildo]

Bitcoin is associated with terrorists but it has no effect on the price of bitcoin and most of bitcoin users are anonymous that hard to be tracked. If bitcoin is used for terrorist funding it’s definitely just an uncertain guessing.

[otong]

The fiat is still the leading currency that used by the terrorists and money launderers because is not so volatile and less risky compared to cryptocurrencies. Cryptocurrency is more difficult to use than fiat to those who want a quick payment because you have to convert it into cash first before you can able to use it. Furthermore, its value is always unstable and fluctuates rapidly which might cause a problem when its price suddenly go down after a transfer.

in my opinion the bank is the target of everyone and moreover terrorists are like marampas all the results of other people so bitcoin can also be robbed by terrorists what are the banks

[mekie]

Fiat, gold, goods and crypto can and have been used to finance terrorists. The banks in the past have been if not complicit then at the very least negligent in preventing funding-which is why now we have KYC & AML regulations in most countries to a greater or lesser extent. Terrorists will always find ways to fund their activities and extortion and other criminal activities are and will remain their primary source of funding.

[Hirokook]

if have to choose one. i think i will choose the banks . because it safe

[AltcoinTradingSignal.com]

Everything has a positive and a negative side. Right now, I think Bitcoin or cryptocurrencies, in general, have tons of advantages. That's why we should pursue its true potential and try to find a system that decreases its malicious intent.

[wahyu5]

There is indeed a misuse of cryptocurrency for funding terrorist activities, but the abuse of terrorist activities by banks also occurs, because every criminal will always look for a place they think they can use as a tool for their crimes, such as money laundering, funding terrorist activities and so on. Therefore we need good cooperation between banks and crypto in protecting their existence so they can avoid crimes committed by irresponsible people.

[Spider A4]

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.

Not like that your concept i think. Bitcoin is created as a virtual transaction money and anonymous payment system. That's why terrorist easily can toke this benefits that's it. Not only terrorist there are many illegal things happened to using this system. Don't spreading kinda rumors.

[Menawi12]

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.

News about bitcoin used by terorist is just a FUD and government want to ban bitcoin more easily. Bitcoin is like others money, can used for many purpose and its depend on holder. I am prefer believe bitcoin offering many opportunity