Shame on haters for claiming that crypto is widely used in terrorist financing!

[Faisal2202]

I cannot agree more with you, crypto is not the only way to launder a few million dollars, money is being laundered from the very start, and crypto is only being used to launder only few million dollars, what I think is, that they have different definition of crypto. For example, they might consider all the hacked amounts from different crypto platforms as money laundering too. well, of course, that's money laundering, because to withdraw those funds, they have to obfuscate the trail of the Transactions. And that comes under money laundering.

You should read this thread by o_e_l_e_o:

• The PATRIOT Act comes to cryptocurrency

You should read the report, that he has mentioned there, that report is from FinCen, in that proposal, you will find that the main source to obfuscate transaction details, they were using mixers and darknet marketplaces, Well, I shared a good reply there but it got deleted by the Op IDK (I don't know) why, but here is that reply which I gave there. It might help you too. As it suits here best as well.

That's not surprising for me, because, the points written in the proposal are valid but to some extent, I did not read the whole proposal but read around 15 pages, where they talked about CVC mixing and the darknet market of Russia that were used to launder money and to provide money to terrorism groups, especially of NK, I already did some research on the Lazarus group and other 4 main groups connected with Lazarus, they are working for NK.

Well, they really looted a hell lot of money, and still, they have money lying in their wallets that they will launder when the right time comes, well, I will say, they are doing their job which is to eliminate the crime rates and to control the money laundering issue. Even though many congressmen and other political parties have talked in favor of BTC and big businesses are going to accept the BTC and will allow the US citizens to buy those shares.

This is just a trap for the US citizens so that they will be left with no choice but to buy their ETFs by doing full KYC. I do not see it as a threat to BTC, because BTC in itself is not used and reliable for Money Laundering, instead, the tools used to obfuscate the TX are the ones they are most concerned about. Well, They are mostly concerned about darknet markets because in their own words on page 12
Quote
$35.2 million to CVC mixers and $252 million to darknet markets.

This indicates, that mixers are not the only and most reliable source for the bad actors to obfuscate money, but these are just to divert their time and attention.

[Jawhead999]

They want to make Bitcoin looks bad, that's.

Anything has it's bad and good side, so when you hear many bad over good thing, it means they don't like it and vice versa.

They will close their mouth when the topic fiat is used for money laundering, but if there's an one Satoshi is used for money laundering, they will talk and blame Bitcoin.

[avikz]

Dear OP, no one is blaming crypto apart from the governments.  But does that changed the fact that privacy cryptocurrency have made it a lot is your for the terrorist organisations to obtain or transfer their money from one place to another?

Criptocurrency should not be blamed but again this does not change the fact that NFT market has become a playground for money launderers to convert their black money into white.

Money should not be blamed. But that doesn't change the facts.

[abel1337]

It's not impossible that terrorist can use bitcoin or other cryptocurrency for terrorist financing but it's just the small part of it. It's just that karens or non-believers always thinks that it is majorly used that kind of way. Did these karens ever speaked that banks or fiat transactions are the one who are always being used by these terrorist's to fund for their wars? At least on bitcoin, it is trackable on the blockchain. The fact that the usage of bitcoin is just a small part of the illegal activities, it will all be blamed to crypto LOL.

[kryptqnick]

Chainanalysis may not be scientifically accurate, but it's widely cited when people are trying to make a point about illegal usage of crypto funds. It's indeed important to know that Chainanalysis team believes that "Terrorist organizations have historically used and will likely continue to use traditional, fiat-based methods". So justifying restrictive policies against cryptos by turning to cases of financing terrorism is incredibly unfair, considering that nobody seems to suggest restricting or banning banks because they happen to be used a lot of illicit purposes.

[Rruchi man]

~

People who have something against bitcoins, the haters will always have a reason to hate bitcoin. When the reason for their hate has been settled, they are quick to find another reason to keep hating. It is normal with haters that they are hard to convince since their mind is already bent and focused on hate. Terrorist have always existed before bitcoins, so they have always had ways to finance their activities. Bitcoin was not created to serve negative purposes, humans have taken advantage of it for negative purpose, and bitcoin cannot be blamed for that.

[franky1]

Chainanalysis may not be scientifically accurate, but it's widely cited when people are trying to make a point about illegal usage of crypto funds.

if you look at the DCG portfolio. you soon learn how many sister companies chainanalysis has to share information with

chainanalysis aint perfect but with hundreds of businesses FREELY sharing data at no cost with each other. they can link more then just some coming and goings of payment flows, especially when they have exchanges that link to withdrawals of altcoin and subnetwork systems, they are not completely blind

[AHOYBRAUSE]

Well, I think we all know often enough bitcoin and crypto is being used by certain people that don't have the best intentions and therefor want to hide their faces.
Of course this is a smaller % of people that use bitcoin in general but still, there are people using it for not so good purposes, so in some way these "haters" are also a little bit right. Of course they exaggerate in what they are mostly preaching but undeniably there is also some truth in it, even if small.

Crypto is making transfers fast and private, that's an advantage for us average people, but also for people with ill intentions.

In the end, haters gonna hate. For them crypto is the devil. Can't change that.

[GbitG]

Also, the article pointed out that setting up a cryptocurrency wallet is a piece of cake, and it's pretty tricky to trace the owner, even though all transactions are right there on the blockchain, which is like a permanent public record. To dig up who's behind it all, they'd need an account on one of those fancy, government-regulated 3rd party exchanges. That way, the government can just tell them to cooperate with the investigation. But here's the catch, those sneaky terrorists probably already know this stuff and might be one step ahead, making it harder for the government to trace them. Sure, the exchange can freeze the funds, but finding out who owns that wallet? Now that's the real challenge.

You should not care about what this article has written, because article writer have to add some spice in it to make it engaging one, if you trust the Cryptocurrency then you have no need to correct these idiots who think BTC is the main source of money laundering. I have read many topics in my time here, specially the one from the Notatheter dude, in which he explained, why BTC or BTC mixer are not the reliable source of money laundering.

We all know that BTC is open source and all the Transaction can be tracked and the one using some exchange can not launder money easily but yeah I can agree on one thing is that, hackers, and scammers come up with different projects which actually are to move funds from here to there but they are not always a succeed for them because education of cryptocurrency has gave the lesson of old and new comers about this industry and how they can avoid themselves from becoming victim of such hacks.

Government don't like BTC and decentralization and to support and collect some attention from the governments such article websites wrote these article in favor of governments so that they could also collect some funds too.

[tjtonmoy]

Nothing is bad until people decide to use it for a bad purpose and make it bad. The government will say those shit about cryptocurrency because they are afraid of it. Bitcoin specifically. They don't want people to have freedom because they want to control everything. The moment the control is out of their hand they will not be able to manipulate civilians. That's their fear and why they hate Bitcoin so much.

There are other means of payment in crimes. Money, gold, property etc. Criminals have been using those for their criminal activity for ages. Why don't the government list them as bad thing like cryptocurrency? Because they have control over them. These are things that could be used for good or bad things. So is the cryptocurrency. But why the government is only targeting cryptocurrency specifically? The answer is simple. The fear of losing the control over people.

[Dzwaafu11]

People tend to only throw hates at what they don't understand, instead for them to learn and understand the idea behind Bitcoin existence they choose to hate.

And this is the main reason behind people who hate bitcoin; they don’t want to learn and know how it works, and that is why they always tend to throw some hate and keep lying that bitcoin can be used for such things. However, since the existence of this industry, I have never seen a proof where they said this is the proof where bitcoin was used in this kind of act. Even though they always say something like this, they don’t really have proof of that.

However, some people lie because they don’t want people around them to adopt bitcoin in the fact that they know that when they know about it, they will start having problems with businesses buying and selling goods because people will start using bitcoin to purchase things online because of it’s freedom and anonymity, especially government, they will also do it because their fiat banks will not get used again since the citizens will understand that btc transactions are easier than bank transactions and no one will have control over their savings.

[Sophokles]

People tend to only throw hates at what they don't understand, instead for them to learn and understand the idea behind Bitcoin existence they choose to hate.

And this is the main reason behind people who hate bitcoin; they don’t want to learn and know how it works, and that is why they always tend to throw some hate and keep lying that bitcoin can be used for such things. However, since the existence of this industry, I have never seen a proof where they said this is the proof where bitcoin was used in this kind of act. Even though they always say something like this, they don’t really have proof of that.

However, some people lie because they don’t want people around them to adopt bitcoin in the fact that they know that when they know about it, they will start having problems with businesses buying and selling goods because people will start using bitcoin to purchase things online because of it’s freedom and anonymity, especially government, they will also do it because their fiat banks will not get used again since the citizens will understand that btc transactions are easier than bank transactions and no one will have control over their savings.

Most of the haters of bitcoin come from business related groups whose profit has been reduced because of bitcoin or who think their future is threatened. Some people are brainwashed by media people who are also paid by those business groups. I think you already understand who i am talking about. These are a few elite people who run the government so it is obvious why their world promoted most instead of common people who love bitcoin.

[pixie85]

Terrorists are almost certainly not using crypto for their day-to-day terror activities. It's too inconvenient when most people don't have an internet device (you think they're allowed to carry mobile phones with them? They can be tracked by intelligence agencies.) It is likely only the financing of terrorism part that may possibly be done in cryptocurrency payments to a power broker.

They have been using cash since the first terrorist cell was created and they will be using cash for as long as it exists. It's the best and easiest way to buy stuff without leaving a trace.

How many terrorists somewhere in Afghanistan or Syria have accounts on bitcoin exchanges? The only way to use bitcoin without being traced easy would be to get a bitcoin donation to their wallet and send that donation as payment for weapons but that still can be traced if their place gets bombed or attacked by soldiers and computers seized which means bad news for both the donator and the weapons dealer.

Someone who claims bitcoin is bad because terrorists use it is doing it to brainwash people just like Greenpeace was doing it in their smear campaign.

[nakamura12]

Even if terrorist use crypto for their illegal activities I doubt it won't be day to day since there will be traces left. I think that's the reason why some mixers are shutdown. I think you know about some mixers website are taken and are now taken by fbi. Even if it's true that terrorist use crypto for their illegal activities then there's nothing we could do to stop them since Crypto can be used by anyone who are interested in it or those who want to use it.

[CryptoHeadlineNews]

Militant groups use different methods to move money, including cash, banks, shell companies and charities, and informal financial networks. Crypto is a small part, experts say.

So how dare they blaming it all in crypto?

These are complaints you will always get from people who hate Bitcoin and yet has little or no knowledge about how it works, and forgetting that as a currency, whatever it's been used for doesn't describe what it stands for, because as a currency, it's liable to be used both for positive and negative things, just as gold and fiat has always been used as a medium of exchange for terrorist groups both local and international, and today Bitcoin is in no way an exception. Hence, since governments nor Central banks has no control over Bitcoin, such fake news is likely to be a tool used by them to scare people away from investing in Bitcoin but rather choosing to invest in fiat where they have control over the entire people's fund.

[Issa56]

Militant groups use different methods to move money, including cash, banks, shell companies and charities, and informal financial networks. Crypto is a small part, experts say.

So why is the government not complaining about banks that are mostly used for illegal activities? Why is the government not banning banks? We already know the motives behind the government not complaining about banks being used for illegal activities, the government is making banks look like they are not used for illegal activities and they can never be used for them.

So how dare they blaming it all in crypto?

The government doesn't just have anything to use against bitcoin, so that's just what they can use against it. The government knows how criminals move money, but because all those ways are in favor of them, they make us believe that they don't use those methods and that they are using bitcoin that was created a few years ago. It's just annoying when I see some people believe what the government says about bitcoin. So illegal activities weren't done before bitcoin was created? and what currency were they using then?

I don't care what anyone will think about bitcoin, I am definitely going to be making use of it, either publicly or privately. All I know is that what I am into is not bad, only the government thinks it's bad, but we all know the government is fighting for their own selfish interests.

[Wiwo]

Militant groups use different methods to move money, including cash, banks, shell companies and charities, and informal financial networks. Crypto is a small part, experts say.

So how dare they blaming it all in crypto?

These are complaints you will always get from people who hate Bitcoin and yet has little or no knowledge about how it works, and forgetting that as a currency, whatever it's been used for doesn't describe what it stands for, because as a currency, it's liable to be used both for positive and negative things, just as gold and fiat has always been used as a medium of exchange for terrorist groups both local and international, and today Bitcoin is in no way an exception. Hence, since governments nor Central banks has no control over Bitcoin, such fake news is likely to be a tool used by them to scare people away from investing in Bitcoin but rather choosing to invest in fiat where they have control over the entire people's fund.

It's normal for the anti Bitcoin crusaders to spread such falsehood around once in a while,  but only gullible people who lack the capacity to do independent research about Bitcoin will believe such misinformations,  robbing Bitcoin to be a criminal tools along side they own fiat currency which is the most used,  so instead of concentrating on the flaw that comes along with the fiat system that have been freely used by both terroarists and other anti government groups who are outlaws.

Any ways,  I am not surprised at this at all, since we are already used to all of this negativities around Bitcoin from some few government officials,  who will in the end become most users of such tools like Bitcoin to hide and the money they stole from the government coffers.

[Cryptomultiplier]

Crypto is indeed a small part of the criminal network of funding. Crypto is for everyone and anyone person can be anyone once they have understood how to use it and get the best gain from it.

Good and bad are opposites on this life's coin and while the government gets smart to curb the activities of criminals and terrorists, the criminals also device new payment plans and systems to fund their activities. It is just so painful that crypto currency is a means that they have learnt to use.

Am very certain the percentage of legal and trusted users of cryptocurrency are more as compared to those who use it to sponsor or support their terroristic or criminal altruistic tendencies.

[AmoreJaz]

Crypto is indeed a small part of the criminal network of funding. Crypto is for everyone and anyone person can be anyone once they have understood how to use it and get the best gain from it.

Good and bad are opposites on this life's coin and while the government gets smart to curb the activities of criminals and terrorists, the criminals also device new payment plans and systems to fund their activities. It is just so painful that crypto currency is a means that they have learnt to use.

Am very certain the percentage of legal and trusted users of cryptocurrency are more as compared to those who use it to sponsor or support their terroristic or criminal altruistic tendencies.

people should remember the fact that fiat currency is still the major contributor when it comes to criminal activities. crypto is just new addition as these fraudsters are finding its way to use this market for their illegal activities.
once people are educated on why crypto is being used for these activities, they will just treat this situation similar with fiat. but sometimes the media is making a big deal out of this, hence, it is like the influence of crypto in black market is being blown up, not mentioning about the long history of fiat.

[blockman]

While it is a common knowledge that Bitcoin was used in the underground and dark market and illicit activities beforehand it became known in the mainstream. And that stigma has remained until now but, there's a common ground on this one that whoever keeps on spreading this information in the web should also give that fair treatment that most terrorists or terrorism funding will be tracked if it's on the blockchain and if companies that are focused and dealt into tracing them will definitely figure out where it came from and where it has landed. They are just haters of crypto and they're up to something that they want to inject it in the minds of the world that crypto is mainly used for these activities even if, it's getting clearer that there's more and better usage of it these days.