Bitcoin was widely used in Criminal activity, money laundering and gambling which made many people wary of Bitcoin thinking its evil and scam. Right now there are a lot of use cases from being a hedge and becoming a legitimate investment. That was the many reasons why current regulations exist from Governments on Cryptocurrency.
If they can open their minds that bitcoin is just a tool like money, they will not think about the negative thing from bitcoin because the money will also be the same as bitcoin. Using bitcoin for criminal activity or a good thing will depend on each people, and I think they will know what they suppose to do with their bitcoin. But yes, when the criminal happens using bitcoin, the media blows up the news and blames bitcoin for criminal activity. But I am sure that people are smart and wise to read the news, and many of them will still use bitcoin for a good thing.
I think we can say that the only thing that bitcoin is blamed for all of it is that for its being decentralized. Those criminals takes the advantage of using it in some illegal transactions because bitcoin or crypto transactions are definitely anonymous. You can send anywhere or to anyone by just a simple address. We all know that this has an advantage yet it also have a disadvantages. In gambling I can say that crypto is a very helpful thing because many people get started to know it and learn how to manage their money while of course some also become slave of their greed.
Because the government can't see where they send money and who are the receiver. The government doesn't like that, so they don't approve until now. Yes, the criminals are aware of that. That will not be a problem for them to convert their money into bitcoin in a large amount to send the bitcoin amount to their friends or the other department from their organizations anytime. In gambling, crypto can help us to play gambling anonymously without anyone knows. But that needs our attention always to manage our money.
Bitcoin was widely used in Criminal activity, money laundering and gambling which made many people wary of Bitcoin thinking its evil and scam. Right now there are a lot of use cases from being a hedge and becoming a legitimate investment. That was the many reasons why current regulations exist from Governments on Cryptocurrency.
If they can open their minds that bitcoin is just a tool like money, they will not think about the negative thing from bitcoin because the money will also be the same as bitcoin. Using bitcoin for criminal activity or a good thing will depend on each people, and I think they will know what they suppose to do with their bitcoin. But yes, when the criminal happens using bitcoin, the media blows up the news and blames bitcoin for criminal activity. But I am sure that people are smart and wise to read the news, and many of them will still use bitcoin for a good thing.
Think it this way, for people who understand this industry, it's easy to embrace things that encircling this business.
the market is wide and it depends from how you interpret everything.
criminality's are also seen in any form of system, if criminals see the advantages using the platform it won't be hard
for them to adopt and start using it. They are present and they will grab the opportunities.
I guess the criminal already used bitcoin because a big criminal organization that uses technology to communicate to their members will know about bitcoin. They are making a transaction on the dark web can buy bitcoin or other coins to be used in their transaction. That will be safer than using fiat money, even if they use the other fiat currency.
