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Topic: [04-04-2018]Russian Security Chief Says Cryptocurrencies Is Tool For Terrorist (Read 143 times)

jr. member
Activity: 154
Merit: 1
Russian government is a terrorist organization, not cryptocurrencies!
hero member
Activity: 896
Merit: 514
People should calm down and actually read the article. The title is misleading, and once again shows how people here are easy to influence. The only thing this article points out is that alongside other tools, crypto can function as tool for terrorists, and that's true -- it can be used by terrorists, and likely is already. Even online banking is being put into the same subject. Crypto essentially offers the best possible features since transactions can't be stopped by centralized authorities, and receivers can't be prevented from receiving funding, and best of all is the fact that it doesn't require any sort of initial verification. It's an article stating the very obvious. It's pretty neutral in my opinion....

Well, cash can always be anonymous as well. In fact it is a lot more anonymous than a cryptocurrency with an open blockchain since you can trace every transaction. If a terrorist group to pay anyone, they can just hand over the cash and be done with it. No central authority to stop them, no one can stop a receiver from receiving it, and no need for initial verification.

The world is just really paranoid about the "anonymity" feature of bitcoin and cryptocurrencies, where they can't even see the fact that cash is the same, it may just be slower and in a physical form but it has been used for hundreds of years already for illicit activities. I don't even think cryptocurrencies contribute to 10% of the current illegal transactions around the world yet where cash is likely king.
hero member
Activity: 1438
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Always ask questions. #StandWithHongKong

Russian Security Chief Says Cryptocurrencies Is Now A Tool For Terrorist

Even worse, fiat currency is widely used by "terrorists" too.  Can we ban that as well please?  Roll Eyes
legendary
Activity: 1232
Merit: 1091
People should calm down and actually read the article. The title is misleading, and once again shows how people here are easy to influence. The only thing this article points out is that alongside other tools, crypto can function as tool for terrorists, and that's true -- it can be used by terrorists, and likely is already. Even online banking is being put into the same subject. Crypto essentially offers the best possible features since transactions can't be stopped by centralized authorities, and receivers can't be prevented from receiving funding, and best of all is the fact that it doesn't require any sort of initial verification. It's an article stating the very obvious. It's pretty neutral in my opinion....
legendary
Activity: 3164
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Leading Crypto Sports Betting & Casino Platform
Russian Security Chief Says Cryptocurrencies Is Now A Tool For Terrorist

hahahaha

he must have smoked something, just see the history of the world to realize that everything we have on earth can be used to do evil. russia spends a lot of resources to make weapons to kill innocent people in the other country, I agree that we have to eliminate ISIS, but the bombs they throw in other people's countries kill innocent people and he talks about bitcoin that does not even compare with fiat in terms of who is used the most for terrorism. frankly, this Russian government seems crazy, we have to hear different positions regarding bitcoin every month

Come on, russian politics love the word "terrorist" because if you connect something with terrorism - you can make restrictions.

can also use this argument to invade another country

newbie
Activity: 37
Merit: 0
Come on, russian politics love the word "terrorist" because if you connect something with terrorism - you can make restrictions.
sr. member
Activity: 2352
Merit: 245
The Russians were always distinguished by their stupidity. Some Russian writer said that Russia's eternal problem is fools and roads. It seems to me that this is the case. Bitcoin is only a currency. Everybody uses it. I recommend that Russians ban dollars. The terrorists are making more use of this currency for funding terrorist attacks.
And even let them ban kitchen knives in Russia on the grounds that it is a weapon of murder. Let them eat food with their hands and teeth, if they do not like technological progress. People should use what is convenient for them and makes our life easier and more comfortable. And the task of the Federal Security Service is to catch criminals, so let them be engaged in their direct duties, and do not indicate how we should live.
sr. member
Activity: 630
Merit: 272
The Russians were always distinguished by their stupidity. Some Russian writer said that Russia's eternal problem is fools and roads. It seems to me that this is the case. Bitcoin is only a currency. Everybody uses it. I recommend that Russians ban dollars. The terrorists are making more use of this currency for funding terrorist attacks.
jr. member
Activity: 30
Merit: 2
Same as cash, gold, oil (ISIS oil in the latest example), diamond and others. Assets in itself are benign, its neither good or bad. It's just a tool that can either be harnessed to do good or used for sinister purposes.  So why direct hate to crypto? Might as well say that the internet is a tool for terrorist while they're at it. In short, misguided statements like what this security chief said is best left unreported. Not to be given any media mileage at all.
jr. member
Activity: 140
Merit: 1
Russian Security Chief Says Cryptocurrencies Is Now A Tool For Terrorist
The enormous attention given to Bitcoin’s rise has led security agencies to reflect whether cryptocurrencies could become a tool for terrorism.
International terrorist groups are experts in the use of modern technology, recruit hackers in their ranks and finance their activities with Cryptocurrencies, said the head of the Federal Security Service of Russia (FSB).

“WE ARE NOT TALKING ONLY ABOUT AGGRESSIVE PROPAGANDA AND RECRUITMENT ON THE INTERNET, WHICH CURRENTLY HAS OVER 10,000 [TERRORIST-RELATED] WEBSITES AND HUNDREDS OF THOUSANDS OF THEIR ACCOUNTS ON SOCIAL NETWORKS.
I AM TALKING ABOUT LARGE-SCALE USE OF VARIOUS MEANS OF ENCRYPTED COMMUNICATION, ELECTRONIC BANKING AND CRYPTOCURRENCIES, SCHEMES OF REMOTE MANAGEMENT AND FINANCING OF TERRORIST ACTIVITIES,” RIA NOVOSTI QUOTED FSB DIRECTOR ALEKSANDR BORTNIKOV.

It is not the first time that the Russian security chief speaks about the possible negative consequences of the use of modern data technology by terrorists and other extremists.

Read More: https://bitzamp.com/russian-security-chief-says-cryptocurrencies-is-now-a-tool-for-terrorist/
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