Bitcoin, Dark Web, Drugs and Government.

[MadeinCoin]

The first time I read this news I thought the illegal transaction was carried out with a monero where Monero himself was a full anonymous coin. Actually, if you use bitcoin they can still be tracked from the exchanges used unless they are too smart to do money laundering.

Maybe one day when crypto became known, these criminals will find Monero and I don't expect that Monero will become a crypto crime.

[FlightyPouch]

Well, it is decentralized, it is obvious that there will be people that will take advantage of this. If I am not mistaken, this is being done for a long time now so I am not surprised by this. Also, there are a lot of people that are caught so we don't need to say that they will continue. Bitcoin is not to blame but the people that are using them, we can't control or stop them since it is Bitcoin.

[Schirer]

]
This is just a myth. If the government is so concerned and surprised by criminals using BTC, they haven't cough up with the technologies. Every crypto transaction end up exchanged to fiat sooner or later. Also nowadays there already are technologies  which easily track crypto transactions and can evaluate the where it started and where the transaction ended up, it includes dark web addresses.

The government were not surprised that these criminals are using BTC they probably expected it, but only found out/confirmed recently.

PDEA doesn't have the capabilities (not sure why) at the moment and these syndicates took advantage of that.

also there is a news about the Philippine central bank warned the risk of growing cryptocurrency use in the country. although they are not against cryptocurrency they are worried about the technology's potential use in funding of terrorism.

for those who don't know there are several terrorist groups in the country of the Philippines and one of them has ties on ISIS.

Actually I was aware of serious problems with terrorist groups but I did not remember that , you reminded me.  I guess in this situation when the situation is so serious, government should not just track the crypto transactions but give out laws which states that KYC should be done in case of crypto starting from some transaction amount.

[Mike Mayor]

The war on drugs will forever fail and it has been proven over and over and over again. It is all about money not your health or crime. We use drugs daily. Drugs are used in hospitals. Infact the reason street drugs kill so many people is because they have been made illegal so the people making them don't give a shit about the quality. There is also so much misinformation and fear. The war on drugs is just a fear campaign.

How do people not hear how stupid they sound when they talk about drugs as a "War". How the @#$! must you get peace through war??? *massive double facepalm*

]
This is just a myth. If the government is so concerned and surprised by criminals using BTC, they haven't cough up with the technologies. Every crypto transaction end up exchanged to fiat sooner or later. Also nowadays there already are technologies  which easily track crypto transactions and can evaluate the where it started and where the transaction ended up, it includes dark web addresses.

The government were not surprised that these criminals are using BTC they probably expected it, but only found out/confirmed recently.

PDEA doesn't have the capabilities (not sure why) at the moment and these syndicates took advantage of that.

also there is a news about the Philippine central bank warned the risk of growing cryptocurrency use in the country. although they are not against cryptocurrency they are worried about the technology's potential use in funding of terrorism.

for those who don't know there are several terrorist groups in the country of the Philippines and one of them has ties on ISIS.

Actually I was aware of serious problems with terrorist groups but I did not remember that , you reminded me.  I guess in this situation when the situation is so serious, government should not just track the crypto transactions but give out laws which states that KYC should be done in case of crypto starting from some transaction amount.

"Every crypto transaction end up exchanged to fiat sooner or later" absolute nonsense. If this were true bitcoin would lose value continuously. Bitcoin has its own value you don't need to convert it to fiat.

You all paranoid and delusional about terrorism.

KYC is the devil.

[Bessta]

It makes me scared that our government might make some unfair regulations regarding bitcoin because of people who engaged in such illegal activities. I hope they focus catching people like offline rather than online instead since sending drugs will be done off line. And I hope they do something about the addresses of those people.

[tsaroz]

It makes me scared that our government might make some unfair regulations regarding bitcoin because of people who engaged in such illegal activities. I hope they focus catching people like offline rather than online instead since sending drugs will be done off line. And I hope they do something about the addresses of those people.

Crypto surely makes illegal trade easier. And as banning crypto is not an easy and effective task, governments are now trying to give options to people to use government monitered crypto that gives every crypto benefits minus the tax free and anonymity. China has some form of it while USA now trying to launch a global coin with the help of elite enterprises led by Facebook.

[dothebeats]

PDEA is really outdated when it comes to intelligence about such matters. The Feds already know about this back in 2013 and had effectively seized bitcoins from the Silk Road and other known persona involved in the said marketplace. This has always been an issue for bitcoin, but fact of the matter is it's not only being done through bitcoin but also with fiat. Drug money and funding from terrorists all came from the USD prior to bitcoin's inception, so there's really not much the governments can do even if they banned crypto in their countries because nefarious people will always find a way to complete their activities.

[CoinCollect]

Bitcoin is really used for illegal purposes, it's true. But countries, on the contrary, should not prohibit it, but accept and begin to regulate transactions with it. It is impossible to ban it, people will still find a way to use it.

[franciscoDC]

Honestly this is the bad side of bitcoin ,they using it for payment method of using illegal transactions, because bitcoin only track transaction and thats only,and you could'nt know who the one or who the person about to trade by using it.

[Gibreil]

Its not surprising anymore, syndicates will find a way that is convenient for them and they use bitcoin for that. But bitcoin itself is not a a part of syndicate. I think we should not change our positive views about btc because of that. Bitcoin itself is also a victim. It was made for the good welfare but it was use for illegal purposes.

[Schirer]

The war on drugs will forever fail and it has been proven over and over and over again. It is all about money not your health or crime. We use drugs daily. Drugs are used in hospitals. Infact the reason street drugs kill so many people is because they have been made illegal so the people making them don't give a shit about the quality. There is also so much misinformation and fear. The war on drugs is just a fear campaign.

War on drugs is stupid but not because of the reasons you have provided. Hospitals doe snot use hallucinogenic drugs and stimulant drugs . People on " the street" use particular drugs for completely different reasons than in Hospitals. The way to stop that should be completely different than " war" on drugs. Portugal is a good example.

"Every crypto transaction end up exchanged to fiat sooner or later" absolute nonsense. If this were true bitcoin would lose value continuously. Bitcoin has its own value you don't need to convert it to fiat.

You all paranoid and delusional about terrorism.

KYC is the devil.

It seems that you dont understand the issue. Every bank has to comply with AML, crypto transactions should also comply. If crytpo is not controlled by laws in particular area , then in case of terrorist financing it could be a tool for them.
If money is transferred via crypto with the aim to buy goods, It will be exchanges to fiat. Right now there are not a lot of vendors accepting crypto as payment form.

[elisnrj]

Dark Web is the deepest part of the deep web where the content in it is a negative majority, for example drug buying and selling sites and so on. Dark web is also hidden. Some dark web sites are often used to trade inappropriate things in black markets or black markets. Some examples of crime activities found on the dark web: sales of drugs, pornography (including child pornography), sex trafficking and human trafficking, arms sales, counterfeit currency sales, fake documents, hacking software, malware, stolen credit cards, hackers payment, to contract killers. It is this buying and selling activity that requires deep web users such as contract killers with their clients to be able to transact safely and anonymously so a currency that is not tied to a bank, country and company is created. In this case the Deep web chooses the Bitcoin currency as the primary payment instrument and is accepted by everyone in the deep web.

Bitcoin itself was chosen because the bitcoin currency meets several criteria, namely the deep web currency is not affected by the state and the bitcoin apparatus and currency do not ask for an identity when used so this currency only requires a recipient's address and sender's address, not a home address unique code that is different from each person.

In that unique address no information can be obtained regarding the sender and recipient of bitcoin. What they know is that the address becomes a name, the photo will not be visible. Bitcoin itself also has a system of "Final Action" which is when we / other people send bitcoin for payment then the action cannot be canceled once you press the Send button, Send Bitcoin, Pay then the money in Bitcoin will be transferred directly to the Bitcoin Wallet go and this transaction cannot be canceled or revoked.

Law enforcement agencies around the world have worked hard to bring down the dark web community used by criminals, according to James Chappell, founder of the threatening intelligence firm based in London Digital Shadows.

[jdarren]

A public blockchain can easily be traced especially with the proper technology. Ciphertrace reported $1.2 billion total they were able to see was either lost through theft, scams or fraud. I don't know the exact hard number which was attributed to the dark web exactly

[adzino]

I don't know why the government is blaming the bitcoin for all those dark web activities. Is the Government trying to say that Dark Web illegal activities didn't exist before bitcoin was invented? Of course it did exist. People did illegal activities over there using fiat. To keep their themselves safe from getting tracked, they used gift cards as a form of making payments.
It's totally bullshit to put all blames on crypto currencies. Why not find a better solution or a way to just crackdown all illegal activities taking place over there?

[Betwrong]

The war on drugs will forever fail and it has been proven over and over and over again. It is all about money not your health or crime. We use drugs daily. Drugs are used in hospitals. Infact the reason street drugs kill so many people is because they have been made illegal so the people making them don't give a shit about the quality. There is also so much misinformation and fear. The war on drugs is just a fear campaign.
~

Whether the war on drugs will fail or not is of minor importance regarding Bitcoin usage. What is important is that BTC, because of its traceability, has been no longer used by high ranking criminals of the Dark Web. What most of them have been using is Monero, Monero, not Bitcoin, period. Actually, I think governments are aware of that. The reason of all the confusion is some journalists who are poorly versed in the subject of which they write.

[Schirer]

Bitcoin itself was chosen because the bitcoin currency meets several criteria, namely the deep web currency is not affected by the state and the bitcoin apparatus and currency do not ask for an identity when used so this currency only requires a recipient's address and sender's address, not a home address unique code that is different from each person.

In that unique address no information can be obtained regarding the sender and recipient of bitcoin. What they know is that the address becomes a name, the photo will not be visible. Bitcoin itself also has a system of "Final Action" which is when we / other people send bitcoin for payment then the action cannot be canceled once you press the Send button, Send Bitcoin, Pay then the money in Bitcoin will be transferred directly to the Bitcoin Wallet go and this transaction cannot be canceled or revoked.

It is almost completely false, you can get a lot of information.
If someone wanted he could gather data from darkweb, he could identify the btc addresses which are tied to dark web, identify addresses of mixer and exchanges and even those who are selling btc for FIAT. Now agencies can track the transaction to the person or organization like exchnage where it was exchanges and if the amount was big then it will be possible to identify the person who did business with exchanger.

[Naida_BR]

Philippines war on drugs entered a new phase as drug Syndicates are now using bitcoin to transact and avoid detection from the government. PDEA(Philippine Drug Enforcement Agency) recently found out that most organized Drug syndicate are using the dark web to transact to each other. It's clear that some countries are slower at adopting new technologies and these drug syndicate took the opportunity to make their transactions much easier without being detected by the government. here is the link for more details: https://www.philstar.com/headlines/2019/06/11/1925535/pdea-drug-syndicates-use-dark-web-bitcoin

Most syndycates that are active in illegal industries are the first to adopt innovate technologies. And why is that?
Because it is ahead of everyone and they make their lives easier with paying with Bitcoin for example. What makes me sad is because of that issue, bitcoin may be regulated in Phillippines. Or it may be stronger that will make it to be adopted by citizens faster.

[serjent05]

i hope this will not trigger the president to make some regulations like banning btc. i'm from philippines, i'm not sure if those people in the media even understood how crypto works and if they make this more of an issue against the president's drug war, it could trigger the things we filipino btc users fear most. the media in the philippines is the most ignorant of all in the entire world. you can never trust them as they are involve in corruption.

I do not think the president will ban Bitcoins in the Philippines because of this issue on Drugs or being used in Darkweb.  There are several signs that Philippines are getting more accomodating to blockchain technology and Bitcoin is one of them.  The Philippines had prepared a regulatory guidelines about blockchain technology and ICO's to take advantage of this trend.  They even approved more than 10 crypto exchanges in the country so I think the president won't waste this opportunity for the Philippines.

Though, these drug traders on the dark web should have used anonymous coins in order for them not to be tracked by the authority.  Bitcoin is fully traceable.  I bet those who used them will be pinpointed and be put to jail soon.

If someone wanted he could gather data from darkweb, he could identify the btc addresses which are tied to dark web, identify addresses of mixer and exchanges and even those who are selling btc for FIAT. Now agencies can track the transaction to the person or organization like exchnage where it was exchanges and if the amount was big then it will be possible to identify the person who did business with exchanger.

Well said, I also believe that BTC that passes mixing service will be traced to.

[electronicash]

i hope this will not trigger the president to make some regulations like banning btc. i'm from philippines, i'm not sure if those people in the media even understood how crypto works and if they make this more of an issue against the president's drug war, it could trigger the things we filipino btc users fear most. the media in the philippines is the most ignorant of all in the entire world. you can never trust them as they are involve in corruption.

I do not think the president will ban Bitcoins in the Philippines because of this issue on Drugs or being used in Darkweb.  There are several signs that Philippines are getting more accomodating to blockchain technology and Bitcoin is one of them.  The Philippines had prepared a regulatory guidelines about blockchain technology and ICO's to take advantage of this trend.  They even approved more than 10 crypto exchanges in the country so I think the president won't waste this opportunity for the Philippines.

Though, these drug traders on the dark web should have used anonymous coins in order for them not to be tracked by the authority.  Bitcoin is fully traceable.  I bet those who used them will be pinpointed and be put to jail soon.

If someone wanted he could gather data from darkweb, he could identify the btc addresses which are tied to dark web, identify addresses of mixer and exchanges and even those who are selling btc for FIAT. Now agencies can track the transaction to the person or organization like exchnage where it was exchanges and if the amount was big then it will be possible to identify the person who did business with exchanger.

Well said, I also believe that BTC that passes mixing service will be traced to.

hope so. its not the president i'm worried he'd decide differently, he is very much open to new ideas and new approach to things. this is the best president we could ever have. i like this one the most. its those around him that has the bad intention like the media, the previous administration who rules the country for more than30 years but had done nothing but to stay in power.

[CryptoCraze11]

and what about drug business that's running on fiat currency for centuries? Every invention has both good and bad usage. We can't say CC is bad since its used by drug dealers. There are many positive aspects of CC which we must take into account