This is just an isolated case. If organized crime are really wise guys then bitcoin is not the preferred coins because its completely traceable on blockchain.
And its still, guess what, the US Dollar is their top choice.
You can also read this news, https://news.bitcoin.com/illegal-activity-use-bitcoin-dea-agent/
Topic: Bitcoin and Organized Crime - page 5. (Read 801 times)
I think it's not a bitcoin's fault. Because there are two kinds of good people in society. Bitcoin can not be a criminal because of the fact that he liked Bitcoin as an offense. He loved Bitcoin for survival. Many criminal groups use gold as their means of exchange. So gold can not be dropped from the market. And now, dollars more than Bitcoin, gold is more like my opinion. That's why I think Bitcoin is not compatible with Bitcoin for organized crime.
The anonymous structure of bitcoin is the more reason why criminals prefer it to fiat currency in recent times.
It is a known fact that there is no measures to link a notion currency to the offline address of its owners.
So even politicians now find it easy to launder funds using it.
Drug traffickers, terrorism sponsors are not left out too.
I think, this is the more reason why some drastic measures should be put in place ,such as strict compliance to kyc/aml process by cryptocurrency exchanges in order to mitigate the risk being posed by this.
It is a known fact that there is no measures to link a notion currency to the offline address of its owners.
So even politicians now find it easy to launder funds using it.
Drug traffickers, terrorism sponsors are not left out too.
I think, this is the more reason why some drastic measures should be put in place ,such as strict compliance to kyc/aml process by cryptocurrency exchanges in order to mitigate the risk being posed by this.
A French security official was arrested last week on charges of selling state secrets on the dark web and accepting bitcoin in return.
https://www.coindesk.com/french-officials-allege-intelligence-agent-sold-state-secrets-for-bitcoin/
Has bitcoin become the preferred payment method of organized crime groups?
Fiat has been used for organized crimes for so long. Criminals use anything they could get profit from. Though its difficult to be traced trait fueled criminal organizations, but its still wrong to defame Bitcoin.https://www.coindesk.com/french-officials-allege-intelligence-agent-sold-state-secrets-for-bitcoin/
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The agent had been working with members of an organized crime group, as well as specialists in economics, according to the report.
Has bitcoin become the preferred payment method of organized crime groups?
A French security official was arrested last week on charges of selling state secrets on the dark web and accepting bitcoin in return.
https://www.coindesk.com/french-officials-allege-intelligence-agent-sold-state-secrets-for-bitcoin/
Has bitcoin become the preferred payment method of organized crime groups?
this needs to be watched out, because some time ago bitcoin was rumored to be one of the payment methods for crime groups including terrorism. this can be a threat to the survival of bitcoin if it is proven to be used for crime. but we can stay positive with these conditions if many people still use bitcoin for positive things. https://www.coindesk.com/french-officials-allege-intelligence-agent-sold-state-secrets-for-bitcoin/
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The agent had been working with members of an organized crime group, as well as specialists in economics, according to the report.
Has bitcoin become the preferred payment method of organized crime groups?
Has bitcoin become the preferred payment method of organized crime groups?
the example you posted here is only one person doing a dumb thing of accepting a traceable currency while doing something illegal. it has nothing to do with "organized crime" if you don't know what that means read this: https://en.wikipedia.org/wiki/Organized_crime
and for what its worth bitcoin like any other currency is used for a wide variety of purposes. obviously some of them are not legal like when you use US dollar for illegal activities.
I'd hate for people to think that because of the association of Bitcoin and organized crime, it automatically gets the red flag, when in fact, it is actually one of the safest payment methods out there. Hopefully this doesn't end it for those who know nothing about crypto.
A French security official was arrested last week on charges of selling state secrets on the dark web and accepting bitcoin in return.
https://www.coindesk.com/french-officials-allege-intelligence-agent-sold-state-secrets-for-bitcoin/
Has bitcoin become the preferred payment method of organized crime groups?
I often hear about this. about how bitcoin becomes payment for crimes. but in my opinion they can make payments through anything not just bitcoin. bitcoin is only one of them https://www.coindesk.com/french-officials-allege-intelligence-agent-sold-state-secrets-for-bitcoin/
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The agent had been working with members of an organized crime group, as well as specialists in economics, according to the report.
Has bitcoin become the preferred payment method of organized crime groups?
Has bitcoin become the preferred payment method of organized crime groups?
Bitcoin is preferred since its pseudo-anonym currency and it could become an untraceable currency. But if we look to cryptocurrencies adoption and governments regulation at the end of the day I believe it will be converted to fiat first. Actually, any untraceable currency is a heaven for illegal activity. But that does not meat Fiat is free from any crime and illegal thing. 
The more criminal that interacts with cryptocurrency, the better. If a criminal has too much use of some kind of cryptocurrency, then the government may try to destroy this cryptocurrency along with the money of the crime.
Bitcoin will like real fiat, it can be used for anything. Even fiat money can used by organized crime too. Maybe not too exposed because it is already common. But, bitcoin is something new, that is why it always exposed.
Why do we always ascribed crime to bitcoin and cryptocurrency is it due to it high decentralization or being free from regulations.
...Has bitcoin become the preferred payment method of organized crime groups?
Nope. The U.S. dollar still reigns supreme as the currency of choice for organized crime.
OP bitcoin was and will be their go to payment method but I think monero will take part of btc soon.
it might be used by criminals and in criminal purposes, but thank god now there is a KYC procedure which is obligatory for everyone
I think you don't have to be too negative in seeing bitcoin. Whether fiat can't be used for crime needs, of course it can be used for crime.
maybe it could happen to be used for crime, but what I think is that if bitcoin is used in a crime, it will certainly be discovered because now it's using the Kyc system
As far as I know, criminal transactions using bitcoin are quite insignificant compared to operations using cash. Just about bitcoin in this way love to be mentioned in the media.
Well bitcoin just like every other currency has it lapses even the dollars and the Euro can be use by criminal on the dark market but why crime rate using bitcoin is high is due to is decentralized natour and how volatile the market is. Bitcoin transactions can never be trace by any body or government.
A French security official was arrested last week on charges of selling state secrets on the dark web and accepting bitcoin in return.
https://www.coindesk.com/french-officials-allege-intelligence-agent-sold-state-secrets-for-bitcoin/
Has bitcoin become the preferred payment method of organized crime groups?
https://www.coindesk.com/french-officials-allege-intelligence-agent-sold-state-secrets-for-bitcoin/
Quote
The agent had been working with members of an organized crime group, as well as specialists in economics, according to the report.
Has bitcoin become the preferred payment method of organized crime groups?
But i think that mostly peoples are using BTC positively for their interests and also for the business purpose. Don't think about those peoples who are involved in the bad activities.
Has bitcoin become the preferred payment method of organized crime groups?
Lol,quite a funny one, Judas sold Jesus Christ for 12 pieces of silver,one of the highest crimes till date,and up till now silver is still precious and it's popularity hasn't wanedIf bitcoin can be used as payment for more crimes in exchange for far more popularity,acceptability and stability,i think more payments should definitely be made
All publicity is good publicity. Also, the fact that organized crime groups are using it shows that it's the most secure and efficient means of payment out there. These aspects are much more important in their case.
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