Btc crime

[TelolettOm]

Recently 3 suspects were arrested by Israel police for laundering money internationally through crypto. This money was stolen from France. This is a major international money-laundry.

Why f there is crime related to Bitcoin and crypto, the news will be very high sreading. But when the money laundering, as usual, is considered something that is a common situation.
Here, simply, crimes with Bitcoin or crypto is very small compared to criminal with non-BTC (like fiat and others). WHy should balme BTC always?
because there are so many interests in BTC, so many aprties still hate BTC that is why they always blame BTC for whatever the crimes.

[Ayers]

as you say, cryptocurrencies are of great benefit in helping the police to effectively prevent crime, the more criminals use cryptocurrencies, the easier it is for the police to track down and catch them
it's the complete opposite of what the media is spreading that bitcoin and cryptocurrencies make criminals more sophisticated, more complex, this is one of the benefits that the government should consider for cryptocurrencies and early mass adoption of cryptocurrencies, lol

Discussing this will never end, because there will always be two sides, pros and cons. For the pros, bitcoin is a savings for the future and a secure to be used as  payment. As for the cons, they will always look for the weaknesses of BTC which are not often also not in accordance with the vision and mission of satoshi. Crime happens not only in this world using BTC.

certainly, i understand that, but we're talking about bitcoin here, so bitcoin and crime are really unrelated
if there is no bitcoin, criminals will use fiat, so why doesn't the government criticize or accuse fiat, they are targeting bitcoin, they see bitcoin as a threat to their dominance
if they don't like bitcoin, they can't use it and they can ban it but don't use illogical reasons to condemn bitcoin

[romero121]

Recently 3 suspects were arrested by Israel police for laundering money internationally through crypto. This money was stolen from France. This is a major international money-laundry.

Why f there is crime related to Bitcoin and crypto, the news will be very high sreading. But when the money laundering, as usual, is considered something that is a common situation.
Here, simply, crimes with Bitcoin or crypto is very small compared to criminal with non-BTC (like fiat and others). WHy should balme BTC always?
because there are so many interests in BTC, so many aprties still hate BTC that is why they always blame BTC for whatever the crimes.

Three persons were arrested for laundering millions of money stolen from the French treasury. Three suspects arrested. During the same time period there might be higher amount of money laundered through other means, and police could've arrested them. But, the news won't come outside. This is just a way of making a negative thought about cryptocurrency over the minds of people who were in a dilemma whether we can use crypto or not.

[worle1bm]

certainly, i understand that, but we're talking about bitcoin here, so bitcoin and crime are really unrelated
if there is no bitcoin, criminals will use fiat, so why doesn't the government criticize or accuse fiat, they are targeting bitcoin, they see bitcoin as a threat to their dominance
if they don't like bitcoin, they can't use it and they can ban it but don't use illogical reasons to condemn bitcoin

The government around the world just want to spread negative impact of bitcoin usage among people through these articles so that they avoid using it fearing that it's bad money but they will never succeed in these attempts like the past.The people need to realise and understand this reality that it's your money and depends on how you use it.Btc is unstoppable with these fake news.

[Jeger.Kiting]

Crime doesn't happen because of the Btc they use for money laundering, because I think crime happens how the person's intentions are, Fiat can also be done for money laundering if the person has bad intentions and wants to do money laundering. So whatever the form of Btc or Fiat, if the intention is bad, anything can be done. Think positive in any form, it happens because there are bad intentions and what they have planned for evil.

[Rufsilf]

Crime doesn't happen because of the Btc they use for money laundering, because I think crime happens how the person's intentions are, Fiat can also be done for money laundering if the person has bad intentions and wants to do money laundering. So whatever the form of Btc or Fiat, if the intention is bad, anything can be done. Think positive in any form, it happens because there are bad intentions and what they have planned for evil.

Indeed, right.
Money laundering already existed many years ago using fiat money before Bitcoin comes. However, many people see the potential use of Bitcoin to easily make such evil things without getting easily tracked by the authorities. As people become anonymous here, even the transactions got caught but only a few people have been found guilty and put in prison. This is the reason why criminals had used this as a medium for their major transactions unnoticed and went successfully.

[KingsDen]

Recently 3 suspects were arrested by Israel police for laundering money internationally through crypto. This money was stolen from France. This is a major international money-laundry.

What exactly is the essence of this post?
You didn't elaborate the post;
You also didn't include link;
Are you warning us about potential scam;
Are you trying to discredit bitcoin;
Are you suggesting that this forum should be shutdown because some people used bitcoin to commit crime?

For your information, I was scammed with btc and not by btc and today I am a believer of bitcoin. Let's go next page.

[Asiska02]

Recently 3 suspects were arrested by Israel police for laundering money internationally through crypto. This money was stolen from France. This is a major international money-laundry.

Cryptocurrency has been used severally for such cases but that doesn’t make it an illegal means of transaction. People tend to use something legal and clean for illegal activity just to make it looks bad to the public and for their benefits gain. Don’t fall for such acts and make conclusions that the use of cryptocurrency poses threat to the society.

[Slow death]

well as some have already said, in the article they didn't talk about bitcoin specifically, they're just talking about cryptocurrencies (in this case there are 3 cryptocurrencies), talking about cryptocurrencies and money laundering, I think for very smart people they didn't use bitcoin for this type of crimes, it would be a serious mistake that they would be committing, using Fiat is the best option (of course I'm not encouraging this type of crime, I'm just saying that between bitcoin Vs fiat the best option is fiat ), in my country for For example, criminals keep kidnapping people and kill people and create stores and various businesses in order to justify the origin of the money, these criminals use fiat

[Jating]

well as some have already said, in the article they didn't talk about bitcoin specifically, they're just talking about cryptocurrencies (in this case there are 3 cryptocurrencies), talking about cryptocurrencies and money laundering, I think for very smart people they didn't use bitcoin for this type of crimes, it would be a serious mistake that they would be committing, using Fiat is the best option (of course I'm not encouraging this type of crime, I'm just saying that between bitcoin Vs fiat the best option is fiat ), in my country for For example, criminals keep kidnapping people and kill people and create stores and various businesses in order to justify the origin of the money, these criminals use fiat

If that is the case then fiat is still the option that the criminals, I mean there is no satisfaction for this kind of people by seeing tons of paper in front of them and feels very happy about it.

But laundering is another thing, and yes there are a lot of way to hide and wash everything. And unlike crypto, it will take a lot of effort, so this is not a good choice of criminals as it will just make things complicated for them. Just the usual, creating business up front or using heir existing already to hide the dirty money.

[Yamifoud]

snipped...

If that is the case then fiat is still the option that the criminals, I mean there is no satisfaction for this kind of people by seeing tons of paper in front of them and feels very happy about it.

But laundering is another thing, and yes there are a lot of way to hide and wash everything. And unlike crypto, it will take a lot of effort, so this is not a good choice of criminals as it will just make things complicated for them. Just the usual, creating business up front or using heir existing already to hide the dirty money.

And they will find a way with all of their means just to succeed in their evil plan.
Money laundering is difficult to stop knowing that some corrupt government officials are already a part of this. But what does OP mean by blaming the crypto for this, I believe it was not right. This argument gives an idea to the people to also think evil things like this knowing that it was easy for them to hide from the authorities. Either fiat or crypto, these money launderers won't stop doing this as long as they are free and still have the chance.

[xSkylarx]

But what does OP mean by blaming the crypto for this, I believe it was not right. This argument gives an idea to the people to also think evil things like this knowing that it was easy for them to hide from the authorities.

News agencies also make it worse when they highlight these type of news making people think that bitcoin is only used by criminals. These criminals that involves bitcoin on their illegal activities are not completely anonymous because they will still convert it to fiat in order to spend it, if they do that then authorities can track and capture them. People are not aware that money laundering can be done using many mediums not just money. There are some criminals that use painting exhibits or anything that is expensive to execute those activities.

[TheGreatPython]

Recently 3 suspects were arrested by Israel police for laundering money internationally through crypto. This money was stolen from France. This is a major international money-laundry.

Cryptocurrency has been used severally for such cases but that doesn’t make it an illegal means of transaction. People tend to use something legal and clean for illegal activity just to make it looks bad to the public and for their benefits gain. Don’t fall for such acts and make conclusions that the use of cryptocurrency poses threat to the society.

If they only use crypto to cleanse the money that they rob then yes it's not an example of illegal transaction. It's not that those criminals want to destroy the reputation btc by using it on their activities but the main reason they use btc is because it has a unique characteristic which can make them get away from the crime easily but sorry because authorities are just smarter than them, leading for them to be traced and caught.

As an old crypto user we already know that crypto is a legal currency but I don't know to some that are still new to it, maybe the news will make them confused and they will start to think negatively towards cryptos.

[Jemzx00]

But what does OP mean by blaming the crypto for this, I believe it was not right. This argument gives an idea to the people to also think evil things like this knowing that it was easy for them to hide from the authorities.

News agencies also make it worse when they highlight these type of news making people think that bitcoin is only used by criminals. These criminals that involves bitcoin on their illegal activities are not completely anonymous because they will still convert it to fiat in order to spend it, if they do that then authorities can track and capture them. People are not aware that money laundering can be done using many mediums not just money. There are some criminals that use painting exhibits or anything that is expensive to execute those activities.

Unfortunately, that is how the media works especially if they hear something that could interest their viewers. They may have not spread false information rather they exaggerate or provide inadequate information to the public.

Indeed, in this scenario, it is wrong to blame crypto on such a case especially money laundering. Just as you've said, there are various ways for a criminal to launder money such as valuable assets like Arts, Painting, NFTs, and even through stocks or investments.

[KennyR]

Everything have got its positive as well as the negative part. We can't expect everyone to use only the positive part of bitcoin. Whenever someone involves in such kind of activities, the same is being discussed big. This is just the media, and they do just as a part of their work. There are group of people who work to make this as a big issue, finding flaws with cryptocurrency. So, good is to avoid such news and have our own belief.

[|MINER|]

Recently 3 suspects were arrested by Israel police for laundering money internationally through crypto. This money was stolen from France. This is a major international money-laundry.

I don't really understand that what do you meaning by your title . How it could be called  Bitcoin Crime? The crime was committed by those three people, those who stole money from France. The crime word should be attached to their name, not to the name of Bitcoin. And everything has both good and bad sides. The real issue is where and how we are using it. There is no point in blaming that thing for our mistakes.

[Jody.Drummer]

Recently 3 suspects were arrested by Israel police for laundering money internationally through crypto. This money was stolen from France. This is a major international money-laundry.

I don't really understand that what do you meaning by your title . How it could be called  Bitcoin Crime? The crime was committed by those three people, those who stole money from France. The crime word should be attached to their name, not to the name of Bitcoin. And everything has both good and bad sides. The real issue is where and how we are using it. There is no point in blaming that thing for our mistakes.

Indeed, in this case, we shouldn't really make it sound as if it's caused by bitcoins because they are objects if we look at the case as a whole.
There are already suspects and the case has also been explained which is fraud, but when dealing with Crypto, especially bitcoin, it is clear that only bitcoin will be highlighted which is considered a fraud even though it is clear that someone is cheating but the object is bitcoin.
It's not wrong with bitcoin if it's talking about right and wrong because it is only a handful of irresponsible people who do this.

[Beparanf]

Recently 3 suspects were arrested by Israel police for laundering money internationally through crypto. This money was stolen from France. This is a major international money-laundry.

I don't really understand that what do you meaning by your title . How it could be called  Bitcoin Crime? The crime was committed by those three people, those who stole money from France. The crime word should be attached to their name, not to the name of Bitcoin. And everything has both good and bad sides. The real issue is where and how we are using it. There is no point in blaming that thing for our mistakes.

I think he just want to emphasize crime that involves Bitcoin which newbie user usually overreacting when they heard this kind of news as if fiat money is not use on this kind of illegal transaction. Anti Bitcoin people usually focus on the negative side of Bitcoin use compared to the benefits of Blockchain technology in different financial aspect.

In my country this kind of news is the reason why Bitcoin has a bad reputation to common people here. They are afraid to invest on Bitcoin because they think it was scam since it was being use by scammer to scam uneducated people to a ponzi scheme.

[GiftedMAN]

In my country this kind of news is the reason why Bitcoin has a bad reputation to common people here. They are afraid to invest on Bitcoin because they think it was scam since it was being use by scammer to scam uneducated people to a ponzi scheme.

I may not know the country that you are from but I believe your country has its own currency which is generally accepted as a means of payment of goods and services. The question here is this, have your local currency that is used in your country not been used to commit any financial crime if yes, why is it still accepted by the government of your country hence the educated and uneducated people still uses it for transactions? PS, I think most countries like your own are yet to accept Bitcoin because they are scared since they can't control it and the people involved in it not because people are using it for financial crimes.

[Warkop]

Of course, crime everywhere will always exist, whether it's on the internet or in the real world, depending on how the person uses it, for example, a corruptor who wants to launder his money to buy some BTC, so as not to smell the crime, and in the end it will be bitcoin that will be considered bad  , while bitcoin is used as a digital currency that functions as the currency of the two worlds, so it all comes back to themselves.