First Terror Attack Related With Bitcoin - INDIA

[AjithBtc]

For the first time a IS terror attack planned for execution is related to bitcoin. Couple have been arrested in Delhi, and on investigation the funding process happening through bitcoin is found. On further back tracking it was from a women from UK sending funds to the respective wallet. The attack has been planned to be executed in fourteen places at once. Already the government has been opposing the usage of cryptocurrency. Now this will be an added opportunity to stop usage of cryptocurrencies.

Source : Bitcoin to Fund Terror

[jademaxsuy]

This is not new in fact before I join in this forum I had heard already this ways in funding the terrorist but never it was known to me that they are using like bitcoin.

In some cases bitcoin was also being used in illegal activities like money laundering, kidnap for ransom, trading drugs and etc. Because the bitcoin network uses p2p and in decentralize in form. The authority will be having hard time in tracing this funds where they came from and who could possibly fund the activities.

It gets worst after the implementation of complete decentralized exchange.

However, the purpose of bitcoin is still there and we have to hold it, make a good use of it instead of doing illegal acts.

[btc78]

For the first time a IS terror attack planned for execution is related to bitcoin. Couple have been arrested in Delhi, and on investigation the funding process happening through bitcoin is found. On further back tracking it was from a women from UK sending funds to the respective wallet. The attack has been planned to be executed in fourteen places at once. Already the government has been opposing the usage of cryptocurrency. Now this will be an added opportunity to stop usage of cryptocurrencies.

Source : Bitcoin to Fund Terror

Seems like those against the Use of Bitcoin in India is making their way to totally stops the use of bitcoin and crypto in their country.

With this they can win the fight as the Bank Giants from India is really on this game to put down crypto.
Not because there is a fund coming from UK meaning that is the one who funded this They called "Terror Attack" because even ordinary people can purchase crypto from other country to send in India and connect the event to this terror thing.

[Lorence.xD]

I feel bad for India having Bitcoin getting less likely be available for the public. Indian government is known to have a love-hate relationship with Bitcoin and this just serves as a nail in the coffin. It could have been the final nail if the attack was not thwarted.

[20kevin20]

This isn't the first time, nor will it be the last when someone wants to do a "bad thing" with BTC. And it's not the first terror attack where Bitcoin has been allegedly used either. It has been allegedly used back in the 2015 Paris terror attacks as well, and that was a great excuse for EU Authorities to plan crypto regulations just one week later.

Let's be honest here. As much as I agree we should have a legal framework against illicit activity, these really seem like patterns and excuses to me.

Already the government has been opposing the usage of cryptocurrency. Now this will be an added opportunity to stop usage of cryptocurrencies.

Ah, can they start opposing the usage of fiat as well already then?

[mk4]

As bad as this is, well, in the end, it's just money being used as money. 🤷‍♂️ As if other currencies like the USD and the Indian Rupees aren't being used for terrorist funding. This is just getting headlines because it's once again bitcoin being in a bad light. The "BiTcOiN iS BeInG uSeD bY CrImInALs" kind of stuff.

[Wesleyeric]

Yes what ever information you heard about bitcoin or other cryptocurrencies, You should remember the grand root of the meaning of crypto currencies, bitcoin can be use to perform any illegal transactions or legal transactions. Bitcoin is generally accepted to who ever that understand, this is not my first time of hearing such issues, just continue what ever you are doing regarding to crypto currencies, And don’t get confused about things that’s happening.
 

[gabbie2010]

Let all the securities agents like INTERPOL, FBI, CIA and Indian security forces work together and intensify their efforts to unravel all these dastardly acts perpetuated by terrorist, of course all these is bound to happen all they need to do is to track and monitor suspicious bitcoin transactions, it unfortunate that some bad people utilizes bitcoin to launder fund at time bitcoin reputation in India had not been well embraced by their government
This are some the evidences and excuses the government will use to reinforce their stand on restriction or banning the use of bitcoin.

[SnapExOfficial]

How can we as citizens prevent these terror attacks in conjuction with Bitcoin or will there always be these occurances? This situation prevents people from trusting sites like SnapEx where you can buy and sell your BTC.

[Pamadar]

I feel bad for India having Bitcoin getting less likely be available for the public. Indian government is known to have a love-hate relationship with Bitcoin and this just serves as a nail in the coffin. It could have been the final nail if the attack was not thwarted.

After this incident, the government got all the reason now preventing the existence of this system.

More on the negative side in terms of publicities and mainstream news  pointing bitcoin as a tool to finance this plot, most definitely investigations will focus more with how everything got funded as they'll pinpoint the risk of using this chain and reflect everything to illegal transactions that's very damaging, it will close the eyes completely of those opposing the usages of bitcoin.

[pawanjain]

If not bitcoin then there would have been some other method which those people would have used to fund such a terror attack.
The motive here should not be to ban cryptocurrencies but to regulate it in such a way that these types of terror attacks can't happen at all.
Secondly, the Indian Government and RAW should be aware and well prepared for such type of activities as these can happen any time.
Though the method of payment and funding such an operation does play a huge role, banning a payment method just because of that is a wrong thing, instead they should fund a way to restrict such an activity through cryptocurrency in India.
If the same operatin would have been carried out through cash then am sure they wouldn't been banning cash.

[crwth]

This may be the first Terror attack that was linked publicly with Bitcoin I think this would reflect negatively on the image and the future of crypto in India. It would be hard for the Indian users to continue if their government decided to hunt people using it or something. And what a coincidence that it was people from UK? Do you think it’s correlated with each other?

I can’t believe people have the capacity to communicate even when you’re in jail. He has certainly have a lot of connections too.

[boss1dg]

This is very good reason Excuse for Govt to ban or put strict regulation on cryptocurrency in India, if they don't do so then then opposition leaders will demand it on such news basis. Already draft is ready and now such activities. Though it has nothing to do with legality because even if it was banned then those terrorists would have sold it to any grey market in India or P2P market. Apart from bitcoin popular route for hawala transaction is drugs and bollywood or benami companies. Bitcoin is just new and our agencies are still learning how it works and how to trace. Local police may not even know how bitcoin works.

[Bitstar_coin]

For the first time a IS terror attack planned for execution is related to bitcoin. Couple have been arrested in Delhi, and on investigation the funding process happening through bitcoin is found. On further back tracking it was from a women from UK sending funds to the respective wallet. The attack has been planned to be executed in fourteen places at once. Already the government has been opposing the usage of cryptocurrency. Now this will be an added opportunity to stop usage of cryptocurrencies.

Source : Bitcoin to Fund Terror

Yeah, the government opposing the usage of btc like that will stop anything, what happened to fiat when many attack was carried out using fiat! did they attempt to stop the usage? if they plan to stop it, that will because of their own personal insecurities and not because of the attack, there is nothing perfect, even the great fiat has been used uncountable times to carry out one bad deed or the other, it does not stop it's existence or the public acceptance of it.

[YOSHIE]

Source : Bitcoin to Fund Terror

Of course I read the news, however, India has the news about crypto / Bitcoin being overly exaggerated against current crypto users, starting money laundering, bank blocking etc, however, it all ends nonsense.

This new news appears again about ISIS, it is ironic India, it seems that it never runs out to drop Bitcoin there, Honestly, I do not immediately accuse the news of being true or false, I saw today's update, I am sure that tomorrow there will be rebuttals and other facts.

I think, in India there is an authoritarian system "no small people should appear" only the rulers have the right to live there.

[andulolika]

There's been commodities, real estate and currencies since inmemorial times being used as payment, you cannot blame bitcoin for anything, it is public and that's exactly why they got caught, it should rather be acclaimed for it's transparency.

[wxa7115]

Let's be honest here. As much as I agree we should have a legal framework against illicit activity, these really seem like patterns and excuses to me.

Already the government has been opposing the usage of cryptocurrency. Now this will be an added opportunity to stop usage of cryptocurrencies.

Ah, can they start opposing the usage of fiat as well already then?

That is exactly the issue, having a legal framework for cryptocurrencies is I think necessary, obviously I would like to use my money in any way I want but since governments make the laws I can understand that if you wan to move your money to the fiat system they control then some kind of regulation needs to be in place, however the regulations that are put in place are protectionist of fiat currencies.

And then politicians use arguments like cryptocurrencies are bad because they can be used for criminal activity and should be completely banned when we know the same happens with fiat currencies, but they make those arguments because they know that people will buy them and that is one of the reasons a part of the community just does not care about the regulations they impose because they are prohibitive in nature.

[stompix]

Clickbait title

1) There had been no attack, it was a plan to do something and no certainty that they would have carried it

Sami, 36, and his wife Hina Bashir were arrested in Delhi on March 8 for allegedly planning to carry out attacks in India

2) There has no proof of any bitcoin funding they have just discussed the possibility of sending funds through bitcoin and shared addresses.

“She had given her Bitcoin wallet address to Sami and requested him to deposit money in that account. He had asked his associates to deposit funds in this wallet address,” reads the NIA charge sheet, which HT has reviewed.
He also got in touch with a Libya-based IS operative who possessed an ID ‘Sech Tech’, to discuss arranging funds through “blockchain technology”.

But what's done is done, the newspaper got its clicks, the authors are now sure everything bitcoin-related will trigger a lot of attention, so expect more to come, as what we had till now was not enough..

[yazher]

I feel bad for India having Bitcoin getting less likely be available for the public. Indian government is known to have a love-hate relationship with Bitcoin and this just serves as a nail in the coffin. It could have been the final nail if the attack was not thwarted.

Now that they have this other bad news, I'm sure those who oppose Bitcoin in their country will not let this thing slide and will take advantage of if to further hate the idea of using Bitcoin as a form of payment in their country. let alone that, banning Bitcoin again will be the case this time because of this incident. However, if the majority of the officials who don't let that happen will find some way to resolve this, it will be erased from the mind of people soon.

[cabron]

The news is just too little information about what the NIA had uncovered from this guy named Sami. What lame reporting is this but it's been on their page because it's related to BTC.  The NIA caught him last March 8 and all they've come up with was mainly shedding BTC as terrorist currency.  If India will just for once decide to ban BTC, they can do it all the way and stop the operation of Wazirx but they don't.